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Crude Oil Reports

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oil-26July

Weekly Oil Report: Quick Recovery Gave Hope

Mahnaz Golmohammadian

Oil crashed to $65 – $66 during last week after the OPEC decision. As we reported in last week review, […]

• July 26, 2021 2 minutes
oil-19July

Weekly Oil Report: Calming the Market by Supply Boost

Mahnaz Golmohammadian

[vc_row][vc_column][vc_column_text]Crude sudden rising movements frightened all the covid-reviving economies and central banks. WTI and Brent could reach a 1-2 year […]

• July 19, 2021 2 minutes
oil-12July

Weekly Oil Report: Fears of Crude Surge

Mahnaz Golmohammadian

[vc_row][vc_column][vc_column_text]OPEC+ meeting ended up in an unsolved dispute with no consensus on the distribution. The group refused to stop the […]

• July 12, 2021 2 minutes
oil-5July

Weekly Oil Report: Crude Demand Motivating Suppliers

Mahnaz Golmohammadian

[vc_row][vc_column][vc_column_text]Crude continued the rally over the first week of July. The OPEC controversy caused a bit of fluctuation on Friday, […]

• July 5, 2021 2 minutes
oil-28June

Weekly Oil Report: Crude and Petrochemicals Amused Traders

Mahnaz Golmohammadian

[vc_row][vc_column][vc_column_text] The crude oil market amused traders in the last week of June by reaching pre-pandemic levels. Brent closed the […]

• June 28, 2021 2 minutes
oil-21June

Weekly Oil Report: Crude Rising in the Unsettled Market

Mahnaz Golmohammadian

In the third week of June, Brent closed at $72.43 and WTI hit $71.41 on Friday. During the week, crude […]

• June 21, 2021 2 minutes
oil-14June

Weekly Oil Report: Blessed with Crude’s Market Powers

Mahnaz Golmohammadian

Last week, OPEC and IEA (International Energy Agency) brought more optimism to the market. The boost was expected as we […]

• June 14, 2021 2 minutes
oil-7June

Weekly Oil Report: Demand Projections Boosted Price Growth

Mahnaz Golmohammadian

Crude finally succeeded to reach above 70 during the first week of June. On Friday, Brent closed at $71.27 and […]

• June 7, 2021 2 minutes
oil-31May

Weekly Oil Report: Market Waiting for the OPEC Meeting

Mahnaz Golmohammadian

[vc_row][vc_column][vc_column_text]In the last week of May, Brent closed at $68.74 and WTI closed at $66.60. The market was green but […]

• May 31, 2021 2 minutes
oil-24May

Weekly Oil Report: Iran-US negotiations and weak demand hit sentiments

Mahnaz Golmohammadian

Brent failed at $70 again and decreased about 5% last week. Brent closed at $66.39 and WTI closed at $63.85 […]

• May 24, 2021 2 minutes
Oil-17May

Weekly Oil Report: OPEC Still Expects More Demand

Mahnaz Golmohammadian

On 11 May, OPEC clearly stated to keep the supply steady as planned. The alliances have decided to increase production […]

• May 17, 2021 2 minutes
Oil-10May

Weekly Oil Report: Crude Oil Surprised the Market

Mahnaz Golmohammadian

Oil moved up surprisingly up last week after two unexpected events. DXY devaluation Stocks rise DXY dropped during the week […]

• May 10, 2021 2 minutes