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Thursday, 18 January 02:04 (GMT -05:00)



Stock and commodities markets

U.S. DoE Predicts Oil Market Oversupply over the Next 2 Year


The United States Department of Energy doesn't believe in the OPEC+ deal and expects excessive supply in the global market over the next 2 years. In particular, the January short-term report released by the DoE confirms that. They say this is going to be long-term oversupply. 

Publication date: 16 January 11:46 AM

Traders Bet On Lower Oil Prices

Oil traders are reported to have increased their short trades in the market of WTI oil all the way up to a new record. The biggest reason for that is the fact that the USA and its Western allies canceled the sanctions imposed on Iran a couple of years ago. As the result of this decision, Iran is now coming back to the global market of crude oil as am major player. It is ready to supply some 1 million barrels of crude oil a day right off the bat, which is definitely another bearish driver for the market amid increasing oversupply and declining demand. 

Publication date: 19 January 02:39 AM

Saudi Arabia and Mexico Can Stabilize Oil Prices

According to the Saudi Arabian Minister of Oil, the global market of crude oil is going to start recovering at some point in the near future.  As oil-exporting nations are said to be in tighter cooperation in their attempt to stabilize oil prices and make them reverse eventually, Saudi Arabia as the unofficial OPEC leader still insists on optimism regarding the future of crude oil.

Publication date: 18 January 04:46 AM

Experts Predict $10/b, OPEC Urged To Conduct Another Summit

The representatives of several OPEC nations addressed the cartel's leaders to conducted another emergency summit in the near future. During the recent energy conference in Abu Dhabi, Emmanuel Ibe Kachikwu -  Nigeria Oil Minister OPEC President – told the reporters that OPEC may discuss possible changes in the cartel’s policies during the forthcoming meeting in March 2016.
 
Publication date: 18 January 04:00 AM

Brent Goes Down To $29/b

Market Leader reports that Brent oil futures for March deliver are trading aroid $29/b - $29,11/b to be more exact. The same futures on WTI oil are trading at $29,64/b.
 
Publication date: 18 January 12:55 AM

Brent Oil Plunges Below $30/b.

The price of Brent oil futures for March delivery plunged below the psychological level of $30/b and reached $29,95 per barrel around the closing time in London. This is a new 12-year low. By the way, WTI was the first one to break the psychological level and plunged below $30/b a day before while setting a new 13-year low. According to Bloomberg, WTI futures for February delivery cost $29,93/b yesterday.

Publication date: 14 January 11:42 AM

Morgan Stanley Experts Predict Another 25% Oil Market Crash

Morgan Stanley experts anticipate a further downtrend in the global market of crude oil. This time they expect the prices to crash by 25% more in the near future. Most of the downward pressure comes from the strengthening U.S. Dollar, which is getting stronger mostly thanks to the Fed’s decision to raise the interest rates for the first time in 9 years. This interest rate hike made dollar assets more profitable and attractive for investors, which are fleeing emerging markets and seeking safe-haven assets like U.S. bonds.
 
Publication date: 13 January 11:43 AM

Experts Say Oil May Go Below $30/b

Oil prices continue their way down to new major lows. Since the beginning of 2016, they have lost 15% more to come close to $30 per barrel. 18 months ago, nobody could have thought of such prices. They were considered unreal since crude oil cost over $100/b.

Publication date: 13 January 11:26 AM

Oil Exporters React Differently To Lower Oil Prices

The increasing oversupply of crude oil coupled with decreasing demand keep triggered another oil market crash to new major lows. At this point, the prices have already set 11-yer lows. Yet, the downtrend may well continue.

Publication date: 12 January 09:09 AM

OPEC Predicts Oil Prices Until 2040

Not so long ago, OPEC released its World Oil Outlook (WOO). It says that oil prices are going to grow by 5 dollars per barrel each year. By 2020, oil prices will recover to $80 per barrel.

Publication date: 11 January 11:01 AM

January 11 – Oil Prices Set New 11-Year Lows. What’s Next?

Amid the absence of stability in the global economy and a Chinese market crash, oil prices keep on going down and setting new major lows. Today, Brent oil is trading at $32,82/b after seeing another bearish momentum. WTI oil us trading at $32,56/b. It should be noted that these price levels are among the lowest ones in 11 years.
 
Publication date: 11 January 08:07 AM
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