US shale production continues, crude inventories are down, and, there's question marks over demand growth.
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The first two weeks of trading got off to a good start with projections for more sustained economic growth
2018 was a year that wouldn’t end fast enough for the crude market.
With just over two weeks left in the year, it looks like uncertainty will continue to rule the day.
OPEC decided last week to cut crude output in 2019.
The International Energy Agency says it expects non-OPEC supply to rise by 2.3 million barrels a day this year
In Friday trading, Brent crude was priced above US$72 with WTI (West Texas Intermediate) holding above US$63 a barrel.
The US is about to impose sanctions on Iran but Saudi Arabia reckons that, despite that, we are in danger of having to cope with a surplus of oil
In Friday trading, Brent crude was priced above US$79 with WTI close to US$71 a barrel
Heavy storm season is underway in the US and Hurricane Florence is threatening coastal states.
Brent was priced above US$76 per barrel as crude oil stocks fell to the lowest level since 2015,
In was a busy week for the sector, with no shortage of macro news.
July was a tough month on the oil market with both benchmarks suffering high declines not seen since 2016.
The international crude benchmark dropped more than 6% this week as Saudi Arabia delivered more oil to the market.
Global trade wars and geopolitics are adding to the gloom and impacting the price on a daily basis.
The oil price rose to a three and a half year high on Thursday, with WTI above US$74..