Share: The Oil price has been rising significantly since the end of June. Economists at Commerzbank have revised their forecast for Brent Oil. Brent Oil seen at $85 by year-end We have raised our price forecast for Brent at the end of the quarter to $90 per barrel (previously $80). At the end
CRUDE OIL, WTI, NATURAL GAS, NG – Outlook: Crude oil looks overbought as it tests vital resistance. Natural gas remains in a slow and hesitant uptrend. What is the outlook for crude oil and natural gas and what are the key levels to watch? Recommended by Manish Jaradi How to Trade Oil Natural gas: A
2023 growth seen at 2.44m bpd 2024 growth seen at 2.25m bpd OPEC output fell 836k bpd to 27.31m bpd in July after Saudi voluntary cut Sees prospects for healthy oil fundamentals in H2 OPEC’s data suggests 2 million barrel a day supply deficit WTI crude is down 58-cents to $83.83. OPEC’s demand assumptions for
Crude Oil, WTI, Brent, OPEC+, Federal Reserve, EIA, API, Trend, Double Top – Talking Points Crude oil has been chasing new highs this week as supply cuts kick in OPEC+ production cuts appear to be having the desired effect The Fed may have paused but policy tightness might be with us for a while Recommended
Crude Oil, WTI, Retail Trader Positioning, Technical Analysis – IGCS Commodities Update Crude oil prices on course for a 7th week of gains Retail traders are becoming increasingly bearish This offers a signal that WTI may continue higher Recommended by Daniel Dubrovsky Get Your Free Oil Forecast Crude oil prices have rallied nearly 24 percent
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
Brent Crude, WTI Oil Analysis Chinese export and import data worsens further, hitting oil markets as global outlook remains vulnerable Brent crude oil heads lower after souring Chinese trade data Brent bulls fail to test big level of resistance at $87 – downside scenarios analysed The analysis in this article makes use of chart patterns
CANADIAN DOLLAR PRICE, CHARTS AND ANALYSIS: The Loonie Looks on Course for Further Losses as the Oil Correlation Seems to be Changing. Light Data Week on the Calendar with US CPI likely to Dominate. Market Participants see 72% chance of no rate at the upcoming BoC Meeting. Do not forget to Download Your Free Top
Share: WTI crude oil prints three-day winning streak to poke yearly high marked in April, sticks to daily gains of late. OPEC+ production cuts join price-positive statements from Saud Arabia, Russia to underpin Oil price run-up. Hopes of easy rates, China stimulus and US Dollar’s pullback add strength to WTI run-up. This week’s
Share: WTI rose above $83.00 to its highest point since mid-April, seeing more than 1.70% gains. The WTI barrel will set a sixth consecutive winning streak, and indicators flash overbought conditions. The USD weakened following NFPs figures revealing a deceleration of job creation in July. At the end of the week, the West
