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Martin Hutchinson: The unrest in the Middle East oil patch is roiling the global oil markets on an almost daily basis.
Crude oil market has been on a wild roller coaster ride ever since riots started escalating in Egypt and Libya. The latest Libyan supply disruptions sent WTI futures surging above $103 a barrel in
On Wednesday, Feb. 16 Israel said Iran is sending two warships into the Suez Canal on way to Syria, and that the action is considered a “provocation.” Due to the long history of bad blood between
Images of mass Egyptian protesters clashing with police in Cairo broadcasted around the world shook global financial markets on Friday, Jan. 28. Dow and S&P 500 both dropped more than 1%,
This is my last post on crude oil for a while, as I’m heading off to Mexico to look at a gold project. But I couldn’t leave without writing about crude oil one more time, for the simple reason that a
We are on a collision course with the next oil shock. Most people won’t know it until it hits them right between the eyes with all the force of a ball-peen hammer. By then it will be too late.
Every week, when the U.S. Energy Department releases its petroleum inventory data, we take an in-depth look at the oil market, using several indicators measuring the industry’s health from a
U.S. oil inventories declined for the third straight week, according to the weekly status report released by the U.S. Energy Department this morning. Government data showed commercial stocks
Since the start of the New Year, West Texas Intermediate (WTI) crude oil have been moving with significant bearish sentiment (See Chart) mostly on a lot of profit taking going around in the