Oil prices are dropping near 1% during European trading hours on Thursday. The slide comes on the back of another build in US Stockpile numbers published overnight from the American Petroleum Institute (API). With a build of 1.837 million
Oil prices are set to pop higher with a pickup in demand. The demand comes from Indian refiners, the third biggest in the world, who are purchasing oil from nearby Middle Eastern countries for immediate delivery. The surge in demand comes as
Oil prices are back on track towards $84 on Friday, propelled by geopolitical tensions in the Red Sea. Still making headlines going into these last hours of trading before Christmas, Houthi rebels have made the Red Sea a no-go zone for all big freight
Oil prices have ample room to manoeuvre higher with more geopolitical tensions being added. Already earlier this week the eruption of attacks by Houthi rebels in the Red Sea sparked enough concern for all main freight operators to divert their fleet
Oil prices are trying to avoid another meltdown as WTI crude tries to head back to $70. Bears gained a boost on Tuesday after US Consumer Price Index numbers revealed yet again very sticky inflation.