
Oil (Brent, WTI) News and Analysis EIA storage figures reveal increasing stock levels – keeping prices suppressed Brent crude pullback has proven to be short lived after failing to surpass 200 SMA WTI revealing a bearish formation (evening star) at notable level of resistance The analysis in this article makes use of chart patterns and

Prior was +86 bcf Injection season continues as we wait for the weather to turn. Natural gas is down slightly today and trading at $3.35. TTF continues to rise on the Baltic pipeline outage. The oil report is due out at the top of the hour. This article was written by Adam Button at www.forexlive.com.

The EIA is reporting that: U.S. overall crude production grew by 0.7% to 12.99 million barrels per day in July, the highest level since November 2019. Texas experienced a 1.3% increase in crude production, reaching 5.63 million barrels per day in July, setting a new record. New Mexico’s crude production rose by 0.6% to 1.78

Oil (WTI, Brent) News and Analysis Shell forced to halt unit at Europe’s biggest refinery- exacerbating tight supply EIA storage data reveals continuing trend of crude drawdowns – adding to tailwinds The analysis in this article makes use of chart patterns and key support and resistance levels. For more information visit our comprehensive education library

Crude Oil, WTI, Brent, Russia, OPEC+, China, India, EIA, API, OVX, NFP – Talking Points Crude oil jumped over hurdles overnight on possible Russian output cuts Stockpiles in the US continue to paint a picture of solid demand there The oil market structure might be supportive of it. Will WTI make a new high? Recommended

Oil Prices, Charts, and Analysis Oil prices re-test multi-month highs EIA crude oil stocks rise, gasoline stocks fall. Recommended by Nick Cawley How to Trade Oil The price of oil continues to press higher despite an unexpected build in EIA crude oil stocks. After last week’s unexpectedly large fall, today’s build should press down on