Upside momentum firming and Commodity Trading Advisors (CTAs) in Crude Oil remain on the bid, TDS commodity strategists note. Markets look to take profits on Oil “Crude...
The Oil price remains firm near $80.00 as expectations for the Fed reduce interest rates twice this year. Investors digested voluntary production cuts announced in the...
WTI meets with some supply on Tuesday amid the emergence of some USD dip-buying. Optimism over firming fuel demand and Middle East tensions should help limit...
Oil keeps pushing higher ahead of the US trading session. Demand recovery faces substantial issues in the medium turn with the shift away from fossil fuels. ...
Crude Oil’s recovery could start to fade as upside momentum eases, TDS Senior Commodity Strategist Ryan McKay notes. Markets may halt their Brent and WTI buying...
WTI price edges lower to $77.75 on Monday. The weaker US Consumer Sentiment and Chinese economic output data weigh on the black gold. China’s Industrial Production came...
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should...
Oil is rising up to a cluster of daily major moving averages in the $79.00s. These will probably present a tough level of resistance for the...
The latest Department of Energy (DOE) inventory statistics weighed on the crude Oil markets, but with that said, the energy complex has recovered from the post-OPEC+...
WTI is undermined by a surprise build in US inventories and lower demand growth forecast by IEA. The Fed’s hawkish surprise lifts the USD and weighs...
Oil gains ground on Wednesday ahead of a busy US trading session. US API stockpiles data showed a bigger-than-expected decline in inventories. The US Dollar Index...
In its monthly oil market report published on Wednesday, the International Energy Agency (IEA) slashed the 2024 global oil demand growth forecast by 100,000 bpd to 960,000 barrels per day (bpd)....
WTI may appreciate as the US Energy Information Administration anticipates optimistic global demand. EIA increased world Oil demand growth forecast to 1.10 million barrels per day in...
WTI price gains ground due to speculation of a Fed rate cut in September. Crude Oil prices may struggle as a strong US jobs report would...
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should...
WTI price gains ground due to rising speculation of a Fed rate cut in September. ECB implemented a 25-basis point rate cut on Thursday. Oil prices...
Oil ticks up, above $74.00 after a sizeable decline in the first part of the week. OPEC+ pushes against the bearish outlook, warning about the possibility...
WTI price appreciates as US mixed data fuel rate cut speculations by the Fed. A Reuters poll has indicated that nearly two-thirds of economists now predict...
Crude Oil markets are struggling to recover from sharp declines. US Crude Oil supplies delivered another buildup in measured stocks. OPEC+ set to ease production caps...
WTI falls below $74.00 per barrel on increased oversupply concerns. Bets on Fed rate cuts have backslid further, markets now see November cut. Crude Oil sentiment...