Weekly Recap 7th Oct – 11th Oct
Introduction The oil markets experienced significant volatility this week as geopolitical tensions in the Middle East escalated. With Israel preparing to retaliate against Iran for a ballistic missile strike, prices fluctuated, reflecting both the risk of a potential supply disruption and market uncertainty over the scope of the conflict. This recap outlines the key events…
Weekly Recap 16th Sept – 20th Sept
The oil markets were subject to a significant rally this week amid bearish sentiment, as supply disruptions, central bank policies, and geopolitical tensions played significant roles in shaping price movements. This recap covers key events, price fluctuations, and market sentiment for the week of September 16th to 20th, 2024. Price Movements Brent Crude & WTI…
Weekly Recap 9th Sep – 13th Sep
This week, the oil markets experienced a rebound following last week’s sharp sell-off. A combination of market reactions to hurricane disruptions in the Gulf of Mexico and evolving supply-demand concerns influenced prices. Here’s a breakdown of the key events in the oil markets from September 9th to 13th, 2024. Price Movements Key Market Drivers Market…
Weekly Recap 2nd September – 6th September
The first week of September 2024 was marked by steep declines in global oil prices, driven by a combination of geopolitical developments, disappointing economic data, and shifting market expectations regarding future supply. This recap highlights the key events that impacted oil markets from September 2nd to 6th, with prices hitting yearly lows by the end…
Weekly Recap 26th Aug – 30th Aug
Weekly Oil Markets Recap (August 26th – August 30th, 2024) The final week of August 2024 saw significant volatility in the global oil markets, driven by geopolitical turmoil in Libya and varying economic signals from major economies. This recap explores the key events that influenced oil prices and market sentiment during the week. Brent Crude…
Understanding Crude Oil: A Beginner’s Guide to the World’s Most Traded Commodity
What is Crude Oil? Imagine you’ve struck black gold—no, not a treasure chest filled with ancient coins, but something even better (for the modern world at least): crude oil! This thick, sticky, and slightly smelly substance is a crucial resource for our global economy. Extracted from deep underground, crude oil along with a bit of…