Mid-Week Market Review: February 2025, Edition 2
Commodities Oil prices experienced a near 2 percentage points increase on Monday, rebounding after three consecutive weeks of declines. Despite this rise, investor concerns persist. Brent crude futures settled at $76.05 per barrel, reflecting a $1.36 rise. WTI crude similarly advanced, gaining $1.41 to reach $72.47 per barrel. Market analysis suggests a growing recognition that […]
Mid-Week Market Review: February 2025, Edition 1
Commodities Oil prices dropped on Monday during a volatile trading session. US WTI crude oil declined by 0.87% to $73.16, while Brent crude futures fell by 1.04%, closing at $75.96 per barrel. Despite President Trump’s calls for OPEC+ and Saudi Arabia to reduce prices, no changes were made to oil production plans during the OPEC+ […]
Mid-Week Market Review: January 2025, Edition 4
Commodities The oil market experienced noticeable fluctuations last week. Brent crude began the week at $79.72 per barrel, traded as high as $79.99, dipped to a low of $76.92, and ultimately closed at $77.55. Meanwhile, WTI crude opened at $78.19, reached a high of $78.47, fell to a low of $74.01, and ended the week […]
Mid-Week Market Review: January 2025, Edition 3
Commodities Oil prices closed lower on Friday, reflecting growing concerns over potential disruptions in global supply, particularly following the recent sanctions imposed by the US on Russia’s energy sector. Brent crude futures slipped to $80.79 from the previous day’s $81.29, while US WTI crude also dropped to $77.39 from $77.85. On Monday, Brent opened at […]
Mid-Week Market Review: January 2025, Edition 2
Commodities Oil prices surged by nearly 3% last Friday, hitting a three-month peak, following new sanctions imposed by President Joe Biden’s administration on key elements of Russia’s energy sector. These sanctions target oil producers, tankers, traders, intermediaries, and Russian ports. Brent crude futures climbed by 3.05%, closing at $79.45 per barrel, briefly surpassing the $80 […]
Mid-Week Market Review: January 2025, Edition 1
Commodities Crude oil prices saw a notable increase today, following the release of production data from OPEC and Russia, both of which revealed declines in output for December. Another contributing factor to the rise was the U.S. employment report, which highlighted a low rate of layoffs and an increase in job openings, signaling a robust […]
Mid-Week Market Review: December 2024, Edition 3
Commodities Oil prices experienced a significant pullback on Tuesday, reaching their lowest levels in a week, driven by concerns over global demand. The downward pressure was amplified by disappointing economic data from Germany and China, two major players in the global economy. Brent crude futures dropped to $73.32 per barrel, while West Texas Intermediate (WTI) […]
Mid-Week Market Review: December 2024, Edition 2
Commodities Contrary to overall expectations, oil markets have witnessed an uptick in prices over the last week, specifically escalated in the last 2 days. (WTI inched up from $68.623 to $70.18, and Brent climbed from $72.37 to $ $73.46, both at the time of publication). Despite broad concerns about global supply outweighing demand reinforced by […]
Mid-Week Market Review: December 2024, Edition 1
Commodities Oil prices witnessed a slight decline on Friday, peaking at a weekly loss of 4.55% for WTI Crude Oil and 2.26% for Brent. This downward pressure was driven by a reduction in concerns about supply disruptions due to the Israel-Hezbollah conflict and growing expectations of increased global oil supply in 2025. These factors outweighed […]
Mid-Week Market Review: November 2024, Edition 4
Commodities Crude oil prices saw an increase on Friday, rising more than 3% compared to the previous trading session. Over the week, both Brent and WTI crude benchmarks experienced notable gains, with Brent rising by around 6.20% and WTI up by 6.30%. The surge in oil prices came in response to escalating tensions in Ukraine. […]