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EIA Forecasts $51 Per Barrel 2017 Brent Crude Oil Price

14/11/2016(0)
The U.S. Energy Information Administration’s (EIA) Short-Term Energy Outlook(STEO) released on November 8 forecasts that North Sea Brent crude oil prices will average $43 per barrel (b) in 2016 and ... Read More
A pumpjack drills for oil in the Monterey Shale

Oil prices steady after five days of declines, but sentiment bearish

04/11/2016(0)
Oil prices edged up on Friday, stabilizing after five straight days of falls, although a surge in U.S. crude inventories and doubts over the ability of producers to coordinate ... Read More
High-gas-prices

Oil prices fall on higher OPEC output, rise in U.S. crude stocks

13/10/2016(0)
Oil prices fell on Thursday after OPEC said its production had risen to the highest level in at least eight years and following reports of an increase in U.S. ... Read More
An oil pump is seen in Lagunillas

Oil Rally Fervor Cools as OPEC Output at Record Before Talks

05/09/2016(0)
Investors cut bets on oil rally by most in two years: CFTC OPEC production reached 33.69 million barrels a day last month Investors are realizing that OPEC’s talk of ... Read More
oil

Oil Prices Slide as Oversupply Comes Back Into Focus

02/09/2016(0)
Oil prices fell to a three-week low after a second day of steep losses from rising U.S. stockpiles. Crude is now on a four-session losing streak, its longest in ... Read More
Cars wait to fill with fuel at Sinopec's fuel station in Beijing

Oil prices rebound on weaker dollar, supportive China manufacturing data

01/09/2016(0)
Oil prices rose in Asian trade on Thursday as the U.S. dollar weakened, rebounding from a more than 3 percent drop in the previous session following surprisingly large builds ... Read More
Worker looks at pump jack at oil field Buzovyazovskoye owned by Bashneft company north from Ufa

Oil scrambles off April lows but oversupply still weighs

28/07/2016(0)
Oil prices steadied just above three-month lows on Thursday as producers continued to pump more than needed, filling inventories, and economic growth prospects darkened. Brent crude oil LCOc1 was ... Read More
A natural gas flare on an oil well pad burns as the sun sets outside Watford City, North Dakota

Oil slips after small U.S. drawdown; seen choppy before Brexit vote

23/06/2016(0)
Oil prices slipped on Wednesday after the U.S. government reported a smaller-than-expected inventory drawdown, and as investors fretted about Britain’s upcoming vote on whether to stay in the European ... Read More
Crude oil drips from a valve at an oil well operated by Venezuela's state oil company PDVSA, in the oil rich Orinoco belt, near Morichal at the state of Monagas

Brent oil pushes above $50 for first time in nearly seven months

26/05/2016(0)
Brent oil futures climbed above $50 a barrel on Thursday for the first time in nearly seven months, boosted after U.S. government figures showed a sharper-than-expected drawdown in crude ... Read More
Brent crude

Oil prices stable as brimming storage counters supply disruptions

10/05/2016(0)
Oil prices were steady on Tuesday as brimming inventories and a looming refined products glut offset supply disruptions in Canada and elsewhere that have taken more than 2 million ... Read More
Broker Cyprus TopFX