Posts Tagged ‘opec’

West Texas Intermediate Drop as Demand Slows; Brent Fell

by Forex Rooton October 14, 2014 12:49 pm BST
WTI extended its rout from the lowest price in 22 months after the International Energy Agency said oil demand will expand this year at the slowest pace since 2009. Brent slid from a four-year low in London. Futures dropped as much as 1.3 percent in New York, the fifth decline in six days. Oil consumption […]

Traders Not Forecasting Brent Prices Higher Over Long-Term on Geopolitical Risks

by Christopher Lemieuxon June 24, 2014 12:22 pm BST
Traders could be underestimating the effect of geopolitical risk on the potential longer-term price application, as the Iraqi conflict between Islamic militants and the Iraq army grew more violent. According to the International Energy Agency, the growing geopolitical risk will pose the greatest threat to the new supply during this decade from any national in […]

Growing Iraq Tension Sparks Risk Premium in Crude

by Christopher Lemieuxon June 12, 2014 8:29 pm BST
West Texas Intermediate (WTI) and Brent crude pushed higher, as insurgent violence is increasing across northern and central Iraq. Traders have been pricing in risk premium as al Qaeda-linked militants are moving their way through a path of destruction to the capital Baghdad, following the capture of Mosul and Saddam Hussien’s home city of Tikrit. […]

Crude Falls Shy of $105 Close on Inventory Speculation and Geopolitical Tension

by Christopher Lemieuxon June 11, 2014 4:30 am BST
West Texas Intermediate (WTI) crude challenged $105 per barrel, but futures were unable to close above the key price level before trading lower ahead of today’s inventory report from the Energy Information Administration (EIA). Traders are speculating that inventories fell for the second consecutive week. Yesterday, the American Petroleum Institute (API) reported that inventories fell by […]