West of Suez Oil Commentary
6 Jan 2025
Benchmark crude oil futures were rising for a sixth consecutive session Monday as markets braced for the colder weather gripping much of the...
3 Jan 2025
Crude futures were consolidating early-2025 gains on Friday with attention on colder weather and the outlook for broader oil demand this year...
2 Jan 2025
Crude and product futures were higher Thursday as colder weather increases the likelihood of oil demand this month, while stock data...
31 Dec 2024
Benchmark crude oil futures continued their ascent Tuesday, climbing for the fourth consecutive session as sentiment sweetened...
30 Dec 2024
Crude oil futures rose for the third straight day on Monday to leave the market poised for the highest cash market close finish since 13 December...
27 Dec 2024
Crude futures were higher Friday to end the short trading week with a small gain with attention on 2025 oil demand...
24 Dec 2024
Crude was higher Tuesday with attention squarely on 2025 during the short trading day, leaving European product prices struggling to keep up...
23 Dec 2024
Crude and product prices were inching lower Monday, moving into a holding pattern amid thin holiday trade.
20 Dec 2024
Crude eased again Friday with Brent marking its firstly weekly loss in three, as a strong dollar and a subdued outlook for 2025 weighing on sentiment...
19 Dec 2024
Crude and European product prices fell Thursday as the US Federal Reserve dialled back expectations of rate cuts next year...
18 Dec 2024
Crude and European product prices clawed back the week's earlier losses helped by lower US crude and distillate stocks...
17 Dec 2024
Crude and product prices were lower Tuesday as concerns over Chinese oil demand weighed on the outlook, ahead of an expected US rate cut...
16 Dec 2024
Crude eased Monday as mixed Chinese data weighed on the outlook, while European product prices also inched lower...
13 Dec 2024
Brent crude futures were higher Friday with US-led sanctions back in focus, to help mark its first weekly gain in three...
12 Dec 2024
Brent struggled to hold on to the week's earlier gains on Thursday as the IEA warned of a looming supply surplus next year...
11 Dec 2024
European crude oil and refined products markets were higher during Wednesday's session, lifted by expectations of dovish economic policy...
10 Dec 2024
Brent crude oil futures consolidated gains on Tuesday after markets digested the news of Syria's president being overthrown...
9 Dec 2024
Crude prices were higher Monday with events in Syria and more economic stimulus in China adding support...
6 Dec 2024
Brent was lower again Friday as the market digested the OPEC+ decision to extend production cuts into next year, while diesel lost more ground on signs of oversupply...
5 Dec 2024
Benchmark crude futures ended the day lower after OPEC+ announced it was extending its production cuts