Category: Oil Market Review

Crude prices remain volatile after September attacks due to on/off global trade tensions.

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Crude oil prices plunge amid escalating global trade tensions and political uncertainty

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Brent continues to recover on Middle East tensions but is suppressed by trade war and supply concerns.

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Brent recovers from May19 to above $65 on Middle Eastern tensions and recovering trade relations

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Brent briefly broke $75 to 6 months high at 75.60 on supply tensions before retreating to below $70 on trade tensions

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Brent finally broke $70.00 at the start of April and continued to rally on tightening supplies and US sanctions.

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Brent has rallied the past month buoyed by voluntary and involuntary cuts to production. However, demand-side concerns are starting to weigh on traders’ minds as global economic forecasts continue to weaken.

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Happy Chinese New Year everyone, welcome to the year of the Pig!

First off, a quick reminder for those living in Singapore that you can now move away from SP Services for your home electricity supply and move to iSwitch. Significant savings available at the iSwitch website.

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Crude price dips below $50 at end December 2018, hitting a 16-months low on supply concerns, before rebounding back above $60.00

Happy New Year! Is it just me or does January feel like an excruciatingly slow month? Hours just chipping away as I await the arrival of Chinese New Year and the inevitable demise of my new year’s resolution. I aimed for 10% body weight loss by June and to reward myself for penning this down (more like a mental note), I’ve rewarded myself with a month of buffets and drinks.

Speaking of gains, Brent has finally rebounded back above $60.00 after months of tormenting the oil bulls. I guess $50.00 oil is just too good a value to pass up for the traders out there as everyone just starts asking themselves: “How much lower can it go?”

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