Weekly Report

Weekly Report Monday 21 August 2017 - Friday 25 August 2017

20170825

Weekly Report Monday 21 August 2017 – Friday 25 August 2017

 

ENERGY

WTI crude oil rolled to October contract last week and started week strongly in red, falling nearly 2% on Monday. Fresh weakness from week’s high at $48.72 per barrel came on profit-taking after...

Weekly Report Monday 14 August 2017 - Friday 18 august 2017

20170818

Weekly Report Monday 14 August 2017 – Friday 18 August 2017

 

ENERGY

WTI oil jumped strongly on Friday after unconfirmed reports of a shutdown of one of the largest oil refineries in the US eased concerns about global oversupply which kept oil prices under pressure...

Weekly Report Monday 7 August 2017 - Friday 11 August 2017

20170811

Weekly Report Monday 07 August 2017 – Friday 11 August 2017

 

ENERGY

Crude oil ended the second consecutive week in red, pressured by fears of global oversupply. WTI contract for September delivery was down around 1.6% for the week, while September contract of UK...

Weekly Report Monday 31 July 2017 - Friday 04 August 2017

20170804

Weekly Report Monday 31 July 2017 – Friday 04 August 2017

 

ENERGY

WTI oil ended week in red, despite extending last week’s strong rally and probed above psychological $50 per barrel resistance on Mon/Tue, but gains proved to be short-lived.

Oil prices fell 2...

Weekly Report Monday 24 July 2017 - Friday 28 July 2017

20170728

Weekly Report Monday 24 July 2017 – Friday 28 July 2017

 

ENERGY

Oil started the week in bullish mode and accelerated higher on Tuesday, rallying by more than 2% after Saudi Arabia announced it will reduce exports to 6.6 million barrels per day in August, almost 1...

Weekly Report Monday 17 July 2017 - Friday 21 July 2017

20170721

Weekly Report Monday 17 July 2017 – Friday 21 July 2017

 

ENERGY

WTI oil was threading water during the first three days of the week and holding within 100-pips range.
The oil price moved higher on Wednesday after previous day’s release of API report showed...

Weekly Report Monday 26 June 2017 - Friday 30 June 2017

20170630

Weekly Report Monday 26 June 2017 – Friday 30 June 2017

 

ENERGY

WTI Oil ended week in strong bullish mode for the first time since mid-May, ending cycle of five consecutive weeks in red. Recovery rally from multi-month low $42.04, the lowest since mid-November 2016...

Weekly Report Monday 19 June 2017 - Friday 23 June 2017

20170623

Weekly Report Monday 19 June 2017 – Friday 23 June 2017

 

ENERGY

WTI oil bounced from fresh multi-month low at $42.04 per barrel on Thursday / Friday and managed to recover part of its losses earlier in the week, but oil is still set for its worst first-half decline...

Weekly Report Monday 12 June 2017 - Friday 16 June 2017

20170616

Weekly Report Monday 12 June 2017 – Friday 16 June 2017

                              

ENERGY

Crude Oil remained under strong pressure and ended the fourth straight week in red. WTI oil contract for July delivery was down around 2.3% for the week, as a part of...

Weekly Report Monday 05 June- Friday 09 June 2017

20170609

Weekly Report Monday 05 June 2017 – Friday 09 June 2017

 

ENERGY

WTI Crude oil did not show stronger reaction on geopolitical crisis that broke up in the Middle East on Monday after Saudi Arabia, United Arab Emirates Bahrain and Egypt severed their ties with Qatar in...

Weekly Report Monday 29 May - Friday 02 June 2017

20170602

Weekly Report Monday 29 May 2017 – Friday 02 June 2017

 

ENERGY

WTI Crude oil contract for June delivery was in steep descend during the past week after recovery attempts stalled at $50.27 on Monday, failing to break psychological barrier. Subsequent weakness...

Weekly Report Monday 22 May 2017 - Friday 26 May 2017

20170526

Weekly Report Monday 22 May 2017 – Friday 26 May 2017

 

ENERGY

WTI Crude oil maintained positive tone at the beginning of the week, extending broader uptrend from May 5 low at $43.74, on wide expectations in the markets that OPEC will extend its production cut that...

Weekly Report Monday 8 May - Friday 12 May 2017

20170512

Weekly Report Monday 8 May 2017 – Friday 12 May 2017

 

ENERGY

WTI Crude oil contract for June delivery was trading within narrow range on Friday, taking a breather after strong bullish acceleration on Wed/Thu, sparked by surprise fall in US oil inventories that...

Weekly Report Monday 01 May 2017 - Friday 05 May 2017

20170505

Weekly Report Monday 1 May 2017 – Friday 05 May 2017

 

ENERGY

WTI Crude oil was among the top losers of the past week, being down around 7% on strong bearish acceleration from week’s high at $49.30 which extended to the lowest in nearly six months at $43.74 on Friday...

Weekly Report Monday 21 April 2017 - Friday 28 April 2017

Weekly Report Monday 24 Apr 2017 – Friday 28 Apr 2017

ENERGY

WTI Oil posted the second weekly loss and stayed below psychological $50.00 level which was broken previous week. Crude oil was under pressure as investors doubted willingness of oil producers to extend its output cut deal for the...