WTI trades in negative territory for the fourth consecutive day $78.00 on Tuesday. Oil demand concerns continue to weigh on the WTI price. Morgan Stanley expects...
The Oil price dives further amid growing concerns over China’s economic outlook. The PBoC surprisingly reduced its Loan Prime Rate by 10 bps. Kamala Harris’s nomination...
The Brent oil price initially fell to a monthly low of USD 83.5 per barrel this week as a result of the weak Chinese data. However,...
The Joint Ministerial Monitoring Committee of OPEC+ (JMMC) is expected to reiterate confirm the decisions of the OPEC+ meeting from early June at its next meeting...
Downside pressures for Crude oil continue to grow as physical demand trends continue to deteriorate. Crude prices may be on the cusp of a breakdown, TD...
WTI Oil price appreciates as the American Petroleum Institute (API) reports a decline in US Oil stockpiles. API Crude Oil stock fell by 4.4 million barrels for...
WTI price extends decline near $79.50 in Wednesday’s Asian session. Chinese demand concerns weigh on the WTI price. Rising bets on a Fed rate cut in...
Crude oil markets are also particularly vulnerable to a downtape, TD Securities senior commodity strategist Daniel Ghali notes. Trend-followers to liquidate -40% of their positions “While the...
WTI price receives support as easing inflation data has heightened expectations of a Fed rate cut in September. The US Consumer Price Index declined by 0.1%...
WTI struggles to gain any meaningful traction, though the bias seems tilted in favor of bulls. Escalating geopolitical tensions fuels supply concerns and acts as a...
Crude Oil briefly found fresh highs on Tuesday before falling back. WTI tested above $83.50 per barrel before easing back to $82.50. API reported a steeper-than-expected...
WTI edges higher to $83.60 on Tuesday. The hope for a strong summer driving demand and oil supply concerns lift the black gold. A higher-for-longer rate...
WTI falls back below $81.00 as bullish momentum gets snipped. US Crude Oil initially rallied on Friday, but quickly tumbled into familiar levels. The EIA noted...
WTI price loses ground as a surprise build on US crude stockpiles raised concerns about weakening demand. US EIA Crude Oil Stocks Change increased by 3.591...
Oil markets are now succumbing to a reversal of systematic flows, TD Securities analysts suggest. Upside for Oil prices is likely capped “With Commodity Trading Advisor...
WTI hovers around $82.00 amid the softer US dollar on Tuesday. The renewed hopes of a summertime upswing in fuel demand and geopolitical risks support the WTI...
WTI tumbled back below $81.00 on Friday, tested $81.50. The EIA reported a surprise buildup in natural gas reserves, clipping drawdown hopes. US Crude Oil productivity...
Crude Oil continues to prove resilient, with inventory draws offering modest support to the complex, TDS strategists say. Crude Oil stays strong amid CTA buying “We...
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...