Crude Oil news
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Crude oil prices analysis for April
- OPEC+ decided to hike supplies by 2 million barrels per day between May and July
- New lockdown measures in some countries and a slow vaccine rollout are also affecting the oil demand
- Oil prices are trading about 15% off the 1-year highs set last month after a move of over 3% lower last week
April 12, 2021
Platinum, Gold, Crude oil price analysis roundup
March 31, 2021
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Market analysis
Crude oil prices analysis for April
Crude oil prices opened the new week lower on renewed concerns related to supply and demand forecast. Fundamental analysis: Uncertainty surrounding supply and demand outlook Brent crude futures and U.S. West Texas Intermediate (WTI) fell last week as investors were worried over the pandemic’s unclear impact on fuel demand and…
April 12, 2021
Platinum, Gold, Crude oil price analysis roundup
The global stock markets have advanced this March, Wall Street’s three main indexes continue to trade in a bull market, but the world still needs to face COVID-19 challenges. There is still a long way to fight against the pandemic; still, investors hope that a fiscal stimulus and coronavirus vaccines…
March 31, 2021
Crude oil price analysis as Suez saga drags on
Crude oil prices moved sharply higher on Friday to pare back most of weekly losses as investors continue to closely monitor developments in the Suez canal. Fundamental analysis: Can Suez blockage seriously disrupt crude oil market? One of the largest container ships in the world Ever Given got stranded in…
March 28, 2021
Saudi Aramco stock price turns south as 2020 profit tumbles 44%
Saudi Aramco (Tadawul: 2222) stock price is down about 1% on the day after a sharp rotation lower observed in oil prices this week. Furthermore, the world’s biggest oil producer has seen its profit tumble in 2020 amid the pandemic. Fundamental analysis: Dividend still maintained Saudi Aramco posted a…
March 23, 2021