Crude oil extends rally to 83.95 in European session. Weakness in USD, abnormally cold weather in the Northern hemisphere and strong demand from China are pushing energy prices higher. Oil products also…
Tag: Energy Markets
Energy Prices May Slide Further After Consolidation
Slump in energy prices stabilizes in European session. WTI crude oil recovers to 74 after plunging to as low as 73.53 earlier in the day. Heating oil and RBOB gasoline also edge…
Weekly Fundamental Outlook for Energies and Metals – Crude is Prone to Head Lower As We Enter the Shoulder Season
The themes directing commodity prices remained to be USD, macro economic outlook and equity markets. The dollar index sank deeper earlier in the week as market sentiment continued to improve. Moreover, as…