Summary: Gasoline (CME_RB1) has seen a price increase of 12.01% over the past month Shanghai Steel Rebar Futures (SHFE_RB2) are up on the rise with a 8.43% increase Brent Crude Futures (ICE_B1) are up on the rise with a 7.72% increase Ending Sanctions Led to Surge in Oil Prices Gasoline (CME_RB1) are up on the […]
Global Oil Price Hit Near 3-Year High The oil price has stayed low since December 2014 when robust global production significantly exceeded demand. However, on June 29, WTI (West Texas Intermediate) price surged by more than 4% to $74.15 per barrel, the highest level since the end of 2014. The immediate cause is the production […]
Crude Oil Market ICE_B1, a benchmark for brent crude oils, had one of the highest returns of the commodities package with increases of 6.97% over the one month period from April 22 to May 22, 2018. One can reasonably suppose that geopolitical concerns led to this increase as crude oil hit some its highest prices […]
Brent Crude Forecast from June 29, 2017 to September 29, 2017 based on I Know First’s stock forecast algorithm.
I Know First’s Commodity Forecast Performance for 2016
Crude oil prices surged 19% in four days since last Wednesday, the largest four-day percentage gain since 2009. Oil had tumbled from more than $107 to less than $45 a barrel in seven months due to slowing demand growth and a global supply glut.
