Huge EIA Drawdown SeenOil prices are looking a little more muted today following a strong rally yesterday as traders digested the latest EIA inventories data. The group reported a drawdown of 4.9...
Oil Slides on China Demand Concerns
Crude Under PressureOil prices are seeing continued selling as we move through the European morning on Tuesday. Crude futures are now down around 3% from last week’s highs on the back of weaker data...
Crude Comes Under Heavy Selling Pressure
Hurricane Fears RecedingCrude prices remain under pressure across early European trading on Tuesday with crude futures continuing to pull away from last week’s highs. The main driver behind the move...
Crude Softens Despite Huge EIA Deficit
Huge EIA Deficit SeenOil prices are looking a little cooler today as fears over the health of the US economy have seen the futures market pulling back from highs. The dip comes despite data from the...
Crude Rally Rolls On
Summer Demand Driving CrudeCrude prices remain well bid as we move through early European trading on Tuesday. The futures market is now up around 15% off the June lows and prices look poised to...
Crude Rallies Ahead of US Inflation Reading
Weak US Data Boost OilOil prices are pushing higher today ahead of the keenly awaited US Core PCE reading for May. Yesterday, data showed that US jobless claims hit their highest level for more than...
Bullish Outlook Growing for Crude
Weaker US Helping OilCrude prices are looking a little more muted today on the back of a fresh push higher yesterday. Crude futures were seen rising to their highest levels since May 1st on Monday as...
Crude Rallying Ahead of EIA Data
Crude Higher on Bullish Demand OutlookCrude prices continue to climb as we move through the back of the week with crude futures on course for the best run since March. Expectations of a lift in demand...
What's Driving Crude Prices Higher?
Summer Demand ExpectationsCrude prices are shrugging off the impact of a stronger US Dollar and weaker China data this week with crude futures seen pushing up to fresh highs for the month. The market...
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