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+...
Share: Oil price finds a floor after Republicans and Democrats agree a deal to extend the US government debt ceiling on Sunday. The deal means a...
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: Oil price recovers after the steep sell-off on Thursday due to mixed messaging from OPEC+ members. Russia’s Novak says production cuts are unlikely whilst the...
Share: Oil price falls as traders take profit and the debt-ceiling impasse continues without a deal in sight. The US Dollar continues rallying after US macroeconomic...
Share: Oil price continues to rally after Saudi Prince Abdulaziz bin Salman, the country’s oil minister, warns short-sellers to “watch out”. Inventory data from the EIA...
Share: WTI bulls eye a continuation from support structure. Bulls remain in control on the front side of the bullish trend. As per the prior analysis,...
Share: An unexpected rise in US PMI data spurs Oil to rally on increased demand hopes. Oil is supported by optimism US lawmakers will reach agreement...