[ad_1] Oil (Brent, WTI) News and Analysis Delayed OPEC+ meeting to take place on Thursday at 13:00 GMT – individual quotas and supply cuts remain central to the meeting Brent crude prices head lower after notable rejection at the intersection of the crucial $82 level and the 200 SMA WTI flat ahead of OPEC meeting
[ad_1] JP Morgan expects Brent crude oil prices to remain flat in 2024, averaging $83 a barrel down in 2025, averaging $75 per barrel for this year, 2023 sees average $81 More: in 2023 demand is on track to grow by 1.9 million barrels a day, with non-OPEC supply is expected to surpass this with
[ad_1] JP Morgan expects Brent crude oil prices to remain flat in 2024, averaging $83 a barrel down in 2025, averaging $75 per barrel for this year, 2023 sees average $81 More: in 2023 demand is on track to grow by 1.9 million barrels a day, with non-OPEC supply is expected to surpass this with
[ad_1] Oil (Brent, WTI) Analysis (EIA) US storage data reveals massive inventory builds as many fear weaker demand Softer economic data continues to flow in for the US (NFP, CPI, retail sales) IG client sentiment offers few clues on potential price path despite net-long positioning The analysis in this article makes use of chart patterns
[ad_1] Share: Overall, crude oil and refined products have traded sideways for the month of October. Economists at Rabobank analyze Brent’s outlook. Brent will touch, but not average, $100 at some point in Q4 2023 or Q1 2024 Should gasoline demand continue to weaken, it would be a signal that the economic outlook
[ad_1] Oil (Brent Crude) News and Analysis The weekend premium was deflated on Monday as markets look to the Fed Oil heads lower after respecting resistance at $89 a barrel EU data underscores growth slowdown in major economies The analysis in this article makes use of chart patterns and key support and resistance levels. For
[ad_1] High risk warning: Foreign exchange trading carries a high level of risk that may not be suitable for all investors. Leverage creates additional risk and loss exposure. Before you decide to trade foreign exchange, carefully consider your investment objectives, experience level, and risk tolerance. You could lose some or all your initial investment; do
[ad_1] Brent Crude Oil News and Analysis Fighting continues on multiple fronts as diplomatic efforts do little to calm tensions Brent crude oil edges higher ahead of the weekend IG client sentiment hints at continued bullish momentum as traders pile into shorts The analysis in this article makes use of chart patterns and key support
[ad_1] Oil (Brent, WTI) News and Analysis EIA data reveals weaker US demand for gasoline – storage data picks up 20 DMA presents potential support in a falling market The analysis in this article makes use of chart patterns and key support and resistance levels. For more information visit our comprehensive education library Recommended by
[ad_1] Oil (Brent Crude, WTI) Analysis Strong yields, USD and Fed speak send oil prices lower Support eyed ahead of storage data as bulls weigh up possible continuation plays Risk events: OPEC, API and EIA storage data due The analysis in this article makes use of chart patterns and key support and resistance levels. For
