The price of Crude Oil continues to float between $73.50 and $76.50 as markets digest the impact of Japan’s bank interventions and speculation about further monetary easing in the United States. The summer driving season in Europe and America did little to support oil prices this year. Fundamentals remain weak for Crude Oil, and few [...] [...more]
Crude Oil (WTI) – $73.80 // $0.14 // 0.19% Commentary: Crude oil is slightly higher in overnight trade after falling four days in a row last week. Now that the Enbridge pipeline leak premium is out of the market, oil is forced to focus on the bearish underlying fundamentals of multi-decade high inventory levels and [...] [...more]
The start of this past week saw a rather sharp boom in the price of Crude Oil as a pipeline delivering oil from Canada to the American mid-west suffered a leak, forcing the pipe to be shut down. The resulting speculation of a dip in supply, both from the pipeline leak and from hurricanes in [...] [...more]
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