Share: Saudi Arabia’s Energy Minister, Prince Abdulaziz bin Salman, said on Sunday, “Saudi Arabia to make extra 1 mln b/d output cut from July.” Additional comments...
Share: CME Group’s flash data for crude oil futures markets noted traders increased their open interest positions by around 2.3K contracts on Wednesday. In the same...
Share: WTI crude oil remains pressured at the lowest levels in three weeks after falling the most in a month. Downside break of bullish chart pattern,...
Share: Natural Gas struggles to defend the first daily gains in three inside bullish chart formations. Key SMA, impending bull cross on MACD lure XNG/USD buyers....
Can bitcoin mining mitigate power shortages? A paper published in the Institute of Electrical and Electronics Engineers thinks it’s a possibility. The document, which was first...
Share: WTI crude oil begins the week with a gap-up, crosses short-term resistance line on market’s mildly positive mood. Bullish MACD signals favor energy buyers but...
Share: WTI crude oil closes higher, settling at US$72.67 per barrel, driven by mixed signals from OPEC+ regarding cut production. Ongoing talks between the Biden Administration...
Share: Natural gas price prints the first daily gain in three as it bounces off a 12-day-old ascending support line. Bullish MACD signals, steady RSI line...
Share: In light of advanced prints from CME Group for natural gas futures markets, open interest reversed two consecutive daily builds and shrank by around 29.2K...
Share: Natural Gas price retreats from the highest levels in five weeks, pares the biggest daily jump in seven months. Overbought RSI, 4.5-month-old horizontal area challenges...
Share: CME Group’s flash data for crude oil futures markets noted traders added nearly 9K contracts to their open interest positions on Thursday, reversing at the...
Share: WTI crude oil remains firmer inside one-week-old symmetrical triangle, eyes first weekly gain in five. Firmer RSI (14) line, not overbought, joins sustained trading beyond...
Share: WTI extended its losses to three consecutive days below $80.00 a barrel. US EIA reported that stockpiles had risen the most since June 2021. WTI...
Share: Considering advanced prints from CME Group for natural gas futures markets, open interest resumed the uptrend and increased by around 13.6K contracts on Monday. Volume...
Share: Oil installations around Turkey and Syria had reported no or minor damages, which capped WTI’s drop. Fed hawkish commentary capped WTI’s rally toward $80.00. WTI...
Share: Western Texas Intermediate got bolstered as the US Dollar weakens on soft US Fed Powell remarks China’s reopening and Turkey’s earthquake are one of the...
Share: Western Texas Intermediate recovers some ground even though the US Dollar remains buoyant. IEA’s director commented that China’s reopening would drive oil prices. WTI Technical...
WTI is set to finish the week with more than 2% losses. Factors like solid US jobs data and the EU’s embargo on Russian oil-related products...
EUR/GBP has managed to sustain above 0.8800 despite the expectations of a slowdown in the Eurozone HICP. Softening energy prices have trimmed inflation projections for the...
WTI got bolstered by a soft US Dollar, though it struggled to break above solid resistance. The deceleration in the US Consumer Price Index (CPI) and...