Oil Price Digest 09-Jun-17

Crude Oil Prices continued to fall after a spirited attempt to support Brent at $48.00 failed in New York trading hours. Brent closed 20 cents lower at $47.86 /bbl while WTI fell by just 8 cents to close at $45.64 /bbl. Yesterday’s trading trading saw remarkable see sawing through the day in the world.  In Asia, we saw a mixture of profit taking and fresh shorts as prices rallied $ 48,40 / bbl before dropping…

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Oil Price Digest 4

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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Oil Price Digest 2

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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Oil Price Digest 3

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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Oil Price Digest 1

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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