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…
Read MoreCrude 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 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 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 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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