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Crude Oil
CrudeOil Highlights from 01-15, Nov 2014

During the first half of this last fortnight, Crude oil prices went down as Crude oil inventories increased in the U.S.A market coupled with an increased in US Dollar prices. Crude oil prices down during the second half due to Iraq had sold crude parcels to the US at a discount in December, instead of premiums charged in November coupled with the fall in prices was also a result of a rise in the value of the US Dollar. The Crude oil prices fell as Kuwaiti Oil Minister Ali Al-Omair stated that the Organization of Petroleum Exporting countries will not be reducing its collective quota of oil production.

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