Oil prices are rocketing higher after 60 airstrikes took place from the United Kingdom and the United States against Houthi positions in Yemen. The strikes are the next step in the story around the Red Sea where vessels and freight ships have been
Oil prices are shooting higher in a delayed reaction from traders on a few bullish elements to take into account this Wednesday. The overnight publication from the American Petroleum Institute (API) revealed a massive draw down of 5.2 million
Oil trades near $72, after briefly hitting $72.90 on Tuesday, bouncing off Monday’s low near $70, after Saudi Arabia lowered prices of its Oil exports into Asia. Meanwhile, analysts and fund managers are welcoming the current decline in Oil prices
Oil is sliding lower towards $70, a decline by over 4% intraday. The price cut in WTI comes on the back of a price cut by Aramco in its Crude pricing for mainly Asian countries. Meanwhile the option markets sees a further swing in favor of more
Oil prices are flat whilst residing below $74 with some downside pressure building. Saudi Arabia has cut its key Oil price by $1.25 per barrel for deliveries in Asia as of February. The news comes not from Saudi Aramco itself, but from three