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The oil market continues to look for signs of positive growth in the global economy, but week after week, the news fails to thrill. The oil market got a boost earlier in the week with prices close to US$77 but the gains were
Full story...As world leaders of industry gathered in Davos and President Obama spoke of hope and a long road to recovery, the oil price weakened slightly as traders saw little immediate impact to the up side. But the good news for the
Full story...A week in the oil market is a long time where inventory levels change, sentiment shifts direction and economic data is revised and revisited. Weakness in the equity markets and a stronger dollar also impacted prices. Last week
Full story...Economic data disappointed the market this week with little in place to help boost the global recovery. The dollar found some strength putting pressure on commodities but real oil demand is still low and global supply is more
Full story...The oil price held strong all week until gloomy economic data made traders nervous and resulted in a bit of late selling. Sluggish employment data, the pace of the economic recovery and a potential fall in oil demand is weighing
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