Volatility in the crude oil market
Crude prices this week were affected by market volatilities and due to the period of crisis that the sector is going through. In turn, OPEC cut its forecast for oil demand for 2021 due to high prices. Brent crude futures fell to $ 81.66. US West Texas Intermediate (WTI) futures fell to $ 80.84 after […]
Crude oil recovers its prices due to the global energy crisis.
This Tuesday the oil market registered pressures, after the fall in its prices. What is affecting prices are the pressures on demand and the energy crisis that is taking place in both Europe and China. In Europe, prices reached a new record for gas, energy and carbon prices. The concerns revolve around the beginning […]
Crude seeks to recover
Crude futures posted losses this Wednesday after the decision made between the countries that make up OPEC +. BRENT and WTI posted losses of almost 2%. Crude prices have been affected in recent hours by three factors. On the one hand, the Organization of the Petroleum Exporting Countries and allies, decided to increase oil […]
Crude under pressure.
This Wednesday, oil futures were hit lower after statements from the White House. The Organization of the Petroleum Exporting Countries and its allies were at the center of the discussion. Jake Sullivan, the US national security adviser, said in a statement that the Biden administration was “interacting with relevant members of OPEC + about the […]
Oil between COVID and the Gulf.
In the last hours there were losses for the BRENT and WTI prices. The losses are due to two factors: on the one hand, there has been an escalation of tensions between some Gulf countries. On the other hand, the scenario of new variants mitigates the progress made. The facts are contextualized in a scenario […]
Gold returns to the ring in the international market
The metal commodities market returns to the ring in the international market after new waves of infections caused by the Delta variation of covid-19. Gold remains close to 1800.0 dollars an ounce and 1820.0 and 1830.0 are estimated again (prices reached at the beginning of the pandemic). The new waves of contagion hit European and […]
Oil prepares for major annual correction
In the last hours, oil suffered very strong falls in its price after reaching all-time highs. After the crisis of the year 2020 on consumption and the serious losses generated in this commodity, prices managed to reposition themselves to even levels prior to the pandemic. Consumption has recovered steadily and continuously after vaccination campaigns and […]
loss in crude oil prices: BRENT and WTI
Oil prices have been experiencing heavy losses in the last 24 hours after reaching highs in almost two years. Weekly political and economic events are affecting expectations about WTI and BRENT international benchmarks. It is known that in the face of political events of international relevance, generate economic expectations that are absorbed in prices and […]
Discouraging production and sales in China, pressure on markets.
The retail sales in China have been published in the last hours, leaving secondary effects on the prices of commodities and crude oil for the opening of this Monday. The economic data turned out to be more disappointing than expected. The National Statistics Office reported that production slowed its growth in April, and Chinese retail […]
Crude oil rises after obstruction of the Suez Canal
This Wednesday crude oil prices were affected by an interruption in the circulation of the Suez Canal. Faced with an already volatile price scenario, the obstruction generated more speculation. Like the Strait of Hormuz and the Panama Canal, the Suez Canal are key waterways for world trade and any obstruction or inconvenience that creates delays […]