Oil Prices Up Strongly After Saturday’s Agreement

Countries outside OPEC on Saturday signed an agreement in which decided to reduce production by 558K barrels per day. Although there was no surprise the...

The Morning Market Overview – New Week on the Markets

In recent macro commentary ending last week we warned before the weekend meeting of OPEC in Vienna, which could lead to draw gap on...

Crude Oil Prices: “Random”? Hardly.

Last week's shocking spike in crude oil prices is +12% and counting, the biggest one-week gain in five years. Media stories blame one culprit:...

The Morning Market Overview – Awaiting Decision of BoC

After night data from Australia we observed on charts significant slides of AUD. Price of AUD/USD is now below yesterday's close and it seems...

Head & Shoulders On Crude WTI – Will Decline Reach 48.80?

WTI crude oil reached yesterday vicinity of an important resistance 52.00. Perhaps it would be not surprising if not the fact that this level...

The Afternoon Market Overview – Oil On Highs From July 2015!

Monday's session brings so far fourth day of increases on oil in a row - in effect, the US WTI crude oil tested the...

The Morning Market Overview – Chinese PMI On Highs, Oil Over 50.00!

In the night markets we got to know the results of the industrial PMI for the Chinese economy - at 02:00 results stated the...

US Crude Oil Stocks Below Expectations

In the background of summary of the meeting of OPEC, the US EIA published information about  change in crude oil inventories over the past...

The Afternoon Market Overview – OPEC Reached an Agreement!

After 17:00 was announced information which world markets expected since early morning. The president of the Organization uniting some of the largest oil producers...

Saudi Arabia Caused A Drop In Oil Prices

In the end of September 2016 OPEC agreed to limit oil production. But beyond the declaration any specific measures have been postponed until the...

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