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 a
MARKET WEEK AHEAD FORECAST: GOLD, US DOLLAR, EUR/USD, OIL U.S. Treasury yields retreated over the past few days, weighing on the broader U.S. dollar Meanwhile, gold prices, the Nasdaq 100 and EUR/USD rallied, breaching key technical levels during their move higher Few high-impact events are expected in the coming days, with a shorter trading week
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Share: Oil prices are likely to settle around $80/bbl, strategists at ANZ Bank report. Saudi Arabia may extend cuts as Oil market tightness eases Tightness in the Oil market has eased as growth in non-OPEC supply has more than offset strong demand. A balanced Oil market now remains reliant on production cuts being
The Baker Hughes weekly rig count: Oil rigs +6 to 500 Gas rigs, -4 to 114 Total rigs +2 to 618 The price of crude oil is trading up $2.91 at $76.00. That is up 3.98% on the day. The price is trading at session highs. The low reached $72.79. This article was written by
Oil Analysis and Charts Oil prices continue to slide on demand worries. The technical outlook remains biased to the downside. Recommended by Nick Cawley How to Trade Oil DailyFX Economic Calendar US oil is down nearly 16% in the last month and over 23% in the last seven weeks as sellers continue to control price
The price of crude oil tumbled $3.76 or 4.9% at $72.90. The low price reached the $72.22. The high price was up at $76.58. The low price i reached its lowest level going back to July 7. At the low, the price tested the low of 8 swing area between $72.30 and $73.31. The price
This article focuses on the technical outlook for EUR/USD, Nasdaq 100 and crude oil (WTI Futures), taking into account sentiment analysis and recent price action dynamics. Most Read: US Dollar Forecast – Fed Pivot Ahead? Setups on USD/JPY, GBP/USD, AUD/USD For a comprehensive assessment of the euro’s medium-term outlook, make sure to download our Q4
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any
