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opec

Oil Prices at 3.5 month High as OPEC+ deal Compliance Improves

Oil prices continued advance on Tuesday, Brent gained $2 rising to $43 per barrel, the highest level since early March. Obviously, sentiment in the market remains positive, thanks to the fact that...

The Crude Chronicles - Episode 43

Risk Sentiment Recovers, Helping Oil PricesWTI prices have seen a week of much reduced volatility with the market trading a subdued $5 dollar range over the week. Despite the lack of volatility, the...

The Crude Chronicles - Episode 42

Stifled Action Despite Important DevelopmentsIt’s been an interesting week for oil albeit a somewhat frustrating once as despite some key developments we haven’t seen much market movement. OPEC+...

The Friday Forex Takeaway - Episode 37

Key Points from This WeekUS Civil Unrest IntensifiesBlack Lives Matter protests, which sprung up in the wake of the killing of unarmed, black-American George Floyd last week, have raged for 10 nights...

The Crude Chronicles - Episode 41

Mixed EIA ReportWTI prices were seen extending their recent rally this week as global investor appetite continued to improve despite the ongoing unrest in the US. Oil prices have seen steady buying...

OPEC+ June Meeting: Level of Compliance, Demand Recovery Hint about Dovish Decision

Oil prices advanced by more than 2% on Tuesday on expectations that the June OPEC + talks would have a positive outcome for the market. The initial date for the meeting is June 9-10, but...

The Crude Chronicles - Episode 40

Rising Risk Factors Blunt Recovery OptimismThe crude oil market has retreated lower again this week following initial strength. Firmer risk sentiment at the start of the week, in response to...

The Crude Chronicles - Episode 39

Oil Demand Continues To RiseThe oil market has seen a further recovery this week amidst a broad pickup in risk sentiment as global stay-at-home measures continue to ease. Parts of America have been...

The Crude Chronicles -Episode 38

Oil Recovery Rally Loses SteamThe oil market has seen a week of heavily reduced volatility compared with  price movements registered over the prior weeks. In the aftermath of the heavy selling which...