by Thanvir | Nov 28, 2018 | Benchmark Oil Price
The declining global oil price last week could destroy the Federal Government’s economic forecasts for 2019 and affect the medium-term expenditure framework (MTEF) if the trend does not reverse soon. Data from the Organization of Petroleum Exporting Countries...
by Thanvir | Nov 21, 2018 | Benchmark Oil Price
The oil price fell on Tuesday, with the US benchmark reaching its lowest level in more than a year, as investors’ attention remained focused on an important meeting of major oil producers early next month. “The bulls are running for the barn and the bears...
by Thanvir | Nov 15, 2018 | Benchmark Oil Price
Oil prices should finally break their record-breaking 12-day defeat on Wednesday morning, but analysts remain concerned that prices could fall below $ 50 a barrel. At 8:20 ET, the price of West Texas Intermediate (WTI), the US benchmark for oil pricing, stood at $...
by Thanvir | Nov 9, 2018 | Benchmark Oil Price
US crude oil prices fell for the 10th time in a row on Friday, plummeting deeper into the bear market area and destroying the benchmark gains for the year. The 10-day decline is the longest defeat in the US since mid-1984, according to the refining data. Commodity...
by Thanvir | Nov 3, 2018 | Benchmark Oil Price
Light, sweet crude oil prices fell more than $1 a barrel on New York’s market on November 1, while crude oil prices for Dated Brent benchmark oil in London fell more than $2 a barrel when US sanctions on Iran were expected to be complete be implemented....
