date: 15 March 2021 Crude oil prices in the United States remained relatively stable after seven consecutive weeks of weekly increases and then declined to 66 $ range then approached again to the range of 70 $, After the Approval of US aid economy, the expectation for a return to the economy has increased, which […]
date: 4 March 2021 Brent oil after being able to cross the important range of 61 $, on its path reached to 66 $ price. Due to the freezing of the Texas state and the reduction of production in this state, the amount of American production reached to its lowest level in 13 months. On […]
date: 23 Febuary 2021 Brent oil was able to rise to 65 $ after breaking its negative trend. Due to the cold weather and storm in the Texas state, which is one of the oil producing states of US, by reason of the frost the production of Brent oil 4.5 million barrels per day and […]
date: 16 February 2021 Oil prices peaked after Saudi Arabia and OPEC production fell after the outbreak of the Corona virus. According to the previous Oil prices analyses, oil was able to break its negative trend line with strength and reach the range of 63$ per barrel. It seemed that we would see an increase […]
date: 20 December 2020 Brent crude oil, after decreasing to 19$ from 86$ reached a balance in resistance range of 45$ and even passed 50$. If it passes 57$, expected midterm and long-term prices are 63$ and 72$.
date: 17 December 2020 Crude oil price after reaching to its 34 years supporting level (first of 1986, 10USD/barrel) increased 4 times and reached to its resistance range. If crude oil price exceeds 50 USD/barrel, it is expected to exceed 60USD/barrel. In case, the price reaches 60USD/ barrel, expected midterm and long-term price are 78 […]
date: 27 January 2021 Oil prices have increasing process from the beginning of week. By increasing the number of people who got Corona virus in China (as a largest consumer country in energy), Oil prices came under pressure last week. Libya and Kazakhstan oil production cut off along with the decline of the OPEC Plus […]
date: 19 January 2021 Brent crude oil price has been increased up to 57 USD/Barrel. After Opec plus meeting and agreement upon production of 1.9 million barrels till next 6 months, its price decreased to 54 USD/MT but it seems that by next week the price will reach 57USD/MT again.