Share: WTI crude oil is up by 0.28%, supported by PBoC’s rate cut. ECB’s rate hike and Fed’s rate hold contrast, influencing WTI’s movement. Increasing Chinese...
Share: USD/CAD bounces off the lowest levels in nine months but recovery moves lack upside momentum. Mixed sentiment, lack of conviction about Fed vs. BoC divergence...
Share: WTI retreats from one-week high amid mixed catalysts from US, China. Oil buyers reassess demand signals from China, EIA forecasts amid hawkish central banks. Risk...
Share: WTI has rallied into a potential area of resistance on the daily chart. Bears need to commit at this juncture or face pressure towards $72.00...
Share: WTI is on offer following a series of influential factors. WTI bears have eyes on $67.50/00 but there are prospects of a bullish correction. west...
Share: WTI has tested territory above $70.00 as hopes for a neutral Fed policy remain solid. The report from IEA shows that global oil demand will...
Share: WTI recovers, trading at $69.44 per barrel following the US inflation report. China’s rate cut sparks an increase in WTI price due to a potential...
Share: WTI nosedives to $66.80, influenced by global economic deceleration and reduced oil price forecasts. Goldman Sachs revises WTI year-end forecast to $81 per barrel amid...
Share: WTI takes offers to refresh intraday low, down for the third consecutive day in a row. Fears of higher Oil supply, back of demand join...
Share: The oil price is marching towards $73.00 as hawkish Fed bets have slimmed vigorously. Weak China’s Trade Balance data failed to restrict the upside in...
Share: WTI rebounded at a daily low of $70.17 and managed to recover the 20-day SMA at $71.67. Rumors of further production cuts by the OPEC...
Share: WTI has dropped perpendicularly to near $70.63 after headlines that US Blinken is visiting Saudi Arabia. Global central banks are gearing up for a fresh...
Share: The oil price is on the backside of the trend and this leaves the outlook meanwhile bullish. WTI bulls are lurking within the Fibonacci scale....
Share: WTI crude oil grinds higher after week-start gap towards the north, prints three-day uptrend. OPEC+ extends production cut deal into 2024, Saudi Arabia pledges for...
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: Oil price recovers for the second day after the debt-ceiling bill gets voted through by the US Senate. The possibility of OPEC+ announcing more production...
Share: Oil price recovers marginally after the House of Representatives votes through the debt-ceiling extension bill on Wednesday evening. Gains are capped by higher-than-expected inventory levels...
Share: The oil price spirals lower as traders deleverage ahead of a key vote to decide whether the US should raise its debt limit. A growing...
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: Oil prices have weakened as investors begin to fear the deal to extend the debt ceiling may be derailed by Congress. Mixed messages from OPEC+...