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Brent Crude has not experienced the fire storm of its closely correlated trading cousin WTI, West Texas Intermediate.
Brent crude futures fell as much as 13 percent in the Asian afternoon on Wednesday as the market continued to struggle with high levels of oversupply
Oil prices dipped below $20 per barrel on Monday, touching lows not seen since February 2002, before edging higher into Tuesday’s Asian trading session.
Oil markets fell yesterday, as Brent oil futures went down by 3.84 percent and Western Texas Intermediate oil futures lost 4.02 percent.
Oil futures have been falling since last Wednesday as Brent futures plummeted by 13.08 percent and Western Texas Intermediate oil futures dropped 12.8 percent.
Oil markets reacted negatively to the news coming out of China regarding the spread and the consequences of the Coronavirus outbreak.
The West Texas Intermediate Crude Oil market broke down rather significantly during the trading session on Friday, slicing through the $55 level.
Last week the United States army assassinated Iranian leader Qasem Soleimani, who was the commander of the Quds force and a major general in the Islamic Revolutionary Guard Corps.
In Europe over the course of the week, the FTSE was up on last week’s close by 3.71.3% at 7247.1; the Dax ended at 12512, up by 4.2% on last week’s close
The West Texas Intermediate Crude Oil market has rallied a bit during the trading session on Friday, as word got out that the Iranian tanker had been hit by a couple of missiles in the Red Sea.
U.S. WTI futures and Brent crude prices both jumped more than 1 percent during Asian trade on Monday as tensions in the Middle East kept traders concerned
The Saudi Arabian oilfields Abqaiq and Kurais came under a large-scale attack involving 10 drones over the weekend, stopping the production of 5.7 million barrels per day and sending Brent crude prices higher by 20 percent, its biggest spike in 28 years.
The WTI Crude Oil market has gone back and forth during trading on Tuesday as we continue to see a lot of choppiness.
The WTI Crude Oil market initially tried to drive higher during the trading session on Monday but gave back the gains just below the $55 level to show signs of weakness again.
The WTI Crude Oil market rallied rather significantly during trading on Wednesday, touching the vital $55 level before pulling back.
Oil prices plummeted over $2 per barrel on Friday after Saudi Arabia and Russia discussed the possibility of reducing OPEC’s production
Last week was a mixed affair for the world’s major stock markets.
Last week was another negative affair for the world’s major stock markets with all of the major markets falling.
Last week was the first trading session of 2018, but many investors will have enjoyed an extended holiday. This summary looks at what happened last week and over the last year.
Oil prices headed higher on Thursday, hitting two-and-a-half year highs, buoyed by political strife in Iran after the country’s Revolutionary Guard deployed forces