Vitol Group: Crude Prices Can Go Higher or Lower than $100

The current crude prices can go lower or higher than $100 per barrel, with neither movements dominating at present, aside from a longer term trend for slight gains, according to the Vitol Group’s head. For the first time in almost nine months, the crude futures prices of Brent recently fell lower than $100 and have fluctuated in both directions since then, trading at a crude price per barrel of...
read more

OPEC Considers Current Oil Prices as Beneficial

The current oil prices are not dangerous to the world economy; it is, in fact, contrary to that because they are supportive of energy investments, according to the recent statement of the secretary general of the Organization of Petroleum Exporting Countries (OPEC). The average crude price per barrel for this year is about $110. After early indications of stabilization in the global economy, the...
read more

Crude Futures Prices Higher on Expectations of New Fed Stimulus

Crude futures prices were higher by 1.31 percent on expectations of a fourth set of financial stimulus from the Federal Reserve of the United States. In early morning trading, crude futures prices for delivery in January were up by $1.12 to $86.91 per barrel. According to analysts, riskier assets, like oil, were obtaining a boost from the expectations of the market that the Fed will be...
read more