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
Oil rigs 525 vs 529 prior Gas rigs 128 vs 128 prior Oil prices are on a nice run today. Rigs were up at 625 to start the year so we’ve lost nearly 100 and DUCs are basically exhausted. There aren’t many taps to turn on if oil prices run (at least not in the
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
Oil Prices, Charts, and Analysis Oil bolstered by Saudi Arabia, Russia output cuts OPEC+ meeting and US Jobs Report later. Recommended by Nick Cawley Get Your Free Oil Forecast The price of oil is trying to make a fresh three-month high after Saudi Arabia and Russia extended their output cuts yesterday. Saudi Arabia announced that
Share: USD/CAD seesaws at the highest level in a month, making rounds to 1.3350 during early Friday morning in Asia, as traders await the top-tier employment statistics from the US and Canada for July. It’s worth noting that the Loonie pair trader’s doubts about the US Dollar’s latest retreat jostle with the firmer
Earlier today, Saudi Arabia announced that it will extend its voluntary 1 million barrels per day (mbpd) oil production cut through September. They added that the cuts could potentially be extended or deepened. Following this announcement, Crude oil prices increased by more than $1. The momentum has continued. The price is currently up over $2.12
Crude Oil, WTI, Brent, Fitch, AA+, US Dollar, Treasuries, HSI, Nikkei 225, Gold – Talking Points The crude oil price pressed toward elevated levels as markets recalibrated The Fitch downgrade dominated price action, but the impact has been disparate If the risk-off attitude continues, will WTI face headwinds? Trade Smarter – Sign up for the
CRUDE OIL ANALYSIS & TALKING POINTS Where to next for OPEC+? USD looks to NFP for guidance on Fed monetary policy. Overbought zone on both WTI and Brent could indicate downside to come? Recommended by Warren Venketas Get Your Free Oil Forecast CRUDE OIL FUNDAMENTAL BACKDROP WTI crude oil and Brent crude oil remain elevated
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Share: Oil prices aim to deliver the biggest monthly close of the year as interest rates from global central banks will peak sooner. Overall demand for oil will remain upbeat in the US economy as fears of a recession fade. WTI prices delivered a breakout of the Descending Triangle chart pattern. West Texas
