Crude Oil Prices fell sharply on Wednesday on the back of strongly bearish EIA inventory report for week ending 2 June 2017. Brent fell by 4% or $2.06 /bbl to close at $48.06 /bbl while WTI fell even more by 5% or $2.47 /bbl to close at $45.72 /bbl. WTI Crude Oil $45.72 ▼-2.47 -5.40% 2017.06.07 end-of-day Brent Crude Oil $48.06 ▼-2.06 -4.29% 2017.06.07 end-of-day DOE Data The DOE data on US stocks took everybody by…
Read MoreCrude Oil Crude Oil prices moved in a tight range of $ 46.70 – $ 47.20 basis Brent before Brent settled marginally lower at $46.92 /bbl (-8 cents). WTI settled 27 cents lower at $44.46 /bbl. This area, given yesterday’s price action, appears to be a fairly critical area in the absence of fresh news. Given the history, we would call for a rise in prices towards $ 48.00 /bbl while $46.70 is not breached.…
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Crude Oil Prices fell sharply on Wednesday on the back of strongly bearish EIA inventory report for week ending 2 June 2017. Brent fell by 4% or $2.06 /bbl to close at $48.06 /bbl while WTI fell even more by 5% or $2.47 /bbl to close at $45.72 /bbl. WTI Crude Oil $45.72 ▼-2.47 -5.40% 2017.06.07 end-of-day Brent Crude Oil $48.06 ▼-2.06 -4.29% 2017.06.07 end-of-day DOE Data The DOE data on US stocks took everybody by…
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Crude Oil Prices fell sharply on Wednesday on the back of strongly bearish EIA inventory report for week ending 2 June 2017. Brent fell by 4% or $2.06 /bbl to close at $48.06 /bbl while WTI fell even more by 5% or $2.47 /bbl to close at $45.72 /bbl. WTI Crude Oil $45.72 ▼-2.47 -5.40% 2017.06.07 end-of-day Brent Crude Oil $48.06 ▼-2.06 -4.29% 2017.06.07 end-of-day DOE Data The DOE data on US stocks took everybody by…
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Crude Oil Prices fell sharply on Wednesday on the back of strongly bearish EIA inventory report for week ending 2 June 2017. Brent fell by 4% or $2.06 /bbl to close at $48.06 /bbl while WTI fell even more by 5% or $2.47 /bbl to close at $45.72 /bbl. WTI Crude Oil $45.72 ▼-2.47 -5.40% 2017.06.07 end-of-day Brent Crude Oil $48.06 ▼-2.06 -4.29% 2017.06.07 end-of-day DOE Data The DOE data on US stocks took everybody by…
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