Oil moves lower after significant rise
21 September 2017
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Oil prices started declining on Thursday morning due to the growth of oil reserves in the U.S. By 7:00 GMT, Brent futures fell by 0.41% to $56.06 per barrel. WTI futures were traded at $50.50 a barrel – 0.37% lower. (more…)

Oil moves down again after sharp rise
14 September 2017
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During the morning trade on Thursday, oil prices started lowering after a sharp growth yesterday. The quotes were up due to the positive data on inventories in the U.S. and the news from OPEC. (more…)

Oil falls from 6-week highs touched earlier
20 July 2017
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Oil prices were decreased during the European trading session on Thursday after they reached the highest level in six weeks a day before. (more…)

Oil position tends to become stable
18 July 2017

The oil market stabilized on Tuesday, as demand level became firm. However, the United States producers and high supply levels of the OPEC still affect oil prices. (more…)

Saudi Arabia to cut oil supply for August
12 July 2017

Saudi Arabia is going to decrease oil shipments in August to increase its summer domestic consumption, provide balance, and remain within OPEC cut deal terms. Saudi industry source also informed that the mentioned decrease could reach over 600,000 barrels per day. (more…)

Oil goes up on U.S. inventory fall, forecasts remain dull
6 July 2017

Oil prices rose on Thursday, demonstrating moderate recovery, as the better-than-expected U.S. demand report yesterday stopped the downside movement of prices. Still, analysts have less optimistic view on oil prices in 2018. (more…)

Oil prices up on U.S. drilling decrease
3 July 2017

Oil went up on Monday, as U.S. drilling activity was decreased for the first time in several months. However, prices were under pressure after OPEC’s report indicating that the output rose last month despite the cartel’s efforts to cut production rates. (more…)

Oil prices go down as U.S. crude stocks and OPEC output increase
14 June 2017

Oil prices fell on Wednesday after the industry information showed that U.S. crude inventories rose. OPEC’s data published on Tuesday demonstrated that its production output also grew up, despite the oil cut agreement. (more…)

Oil falls but remains supported by Mideast tension and U.S. stocks draw
7 June 2017

Oil prices went down on Wednesday. As a result, Brent oil futures were traded almost at $50 per barrel. However, oversupplied oil market was influenced by increasing tension in the Middle East and dipping U.S. inventories. (more…)

Oil goes up slightly after OPEC meeting
26 May 2017

Oil prices moved up on Friday, but market sentiment did not change after Thursday’s OPEC meeting decision to prolong production cut agreement by nine months. Investors expressed disappointment about results of the meeting since they expected more severe cut and longer extension. (more…)