The Crude Market was down for the week. The week opened with news of continued diplomacy in the Middle East and a strong dollar, both of which put downward pressure on the markets. Poor manufacturing reports and general macroeconomic pessimism continued to drive markets lower through the week. The downward trend in equities spilled over […]
The Crude Market was down for the week. The week started as a continuation of last week with the markets continuing to weigh the outcomes form the attack on Saudi oil infrastructure. Despite international consensus that Iran was behind the attacks, it became clear that direct military action against Iran was unlikely. As the week […]
Oil Drops on Signs of Returning Saudi Supply as Doubts Linger Oil fell on signs Saudi Arabia is making progress in restoring output even as uncertainty remains about the kingdom’s ability to bring back all lost supply by the end of the month. Saudi Aramco is returning most of its domestic oil refineries to full […]
