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Oil Daily Review February 12, 2018

Oil Daily Review for February 12, 2018

Oil Market Fundamentals Remain Strong Despite Wild Stock Sell-Off

The stock market correction has less to do with concerns over growth and more about frothy equity valuations, fear of rising interest rates and the unwinding of short volatility trades. Of these, the biggest risk to oil prices is higher interest rates, which would boost the value of the U.S. dollar.

 

Crude Oil Price Tests Key Trendline As Market Vol Spikes

Are the good times over? Crude Over has fallen the most since March and has taken a cue from other markets and turned negative on

 

UK Industrial Output Falls On Oil Extraction

UK industrial production declined in December as the closure of the Forties pipeline dampened oil and gas extraction, while manufacturing continued to expand for the eighth straight month.

 

Oil prices drop nearly 10% for the week

Oil prices fell Friday, with the U.S. benchmark marking its lowest settlement in seven weeks. A report from Baker Hughes BHGE, -3.64% on Friday reveal

 

Oil prices fall further as Baker Hughes reports a jump in the U.S. oil-rig count

Baker Hughes BHGE, -3.64% on Friday reported that the number of active U.S. rigs drilling for oil jumped by 26 to 791 this week. That marked a third s

 

WTI Crude Oil and Natural Gas Forecast February 12, 2018

The WTI Crude Oil market has been very negative during the trading session on Friday, reaching down towards the $58 level. At this point, we did bounce towar…

 

Have a nice trading!




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