Crude prices have risen, buoyed by the expectation of stronger near-term oil market fundamentals. A declining US dollar value and a rise in speculative net length added support.
January 16, 2022
Crude oil prices traded above $80 per barrel for the first time since last November, largely supported by easing concerns over the negative impact of the omicron COVID-19 variant and signs of robust oil demand in major oil-consuming countries. But will this level remain throughout the year?
January 08, 2022
The year 2021 witnessed an upward shift in the price of oil globally, reversing the falls of previous years.
January 02, 2022
2021 was a good year for all and the OPEC+ managed markets well to maintain a balance and oil inventories low.
December 26, 2021
Oil markets performed better in November with a barrel of crude at $82 as compared to December’s marginally weaker performance at $74 per barrel.
Despite the difference, the price levels continue to stay firm and well supported remaining above $70 per barrel.
December 11, 2021
The fall of crude prices after hitting over $80 per barrel to below $70 is seen not perceived as based on fundamentals but the downturn is driven by sentiment.
December 04, 2021
Brent prices are averaging around $84 per barrel in November 2021, which is better than the levels seen in April 2020, when prices dropped to $20 per barrel.
November 13, 2021