Crude Oil, WTI, Brent, API, EIA, LNG, Woodside, USD/JPY, EUR/JPY, Hang Seng – Talking Points Crude oil surges on energy market supply concerns around LNG Japanese Yen continues to weaken with EUR/JPY eclipsing a recent peak Financial markets appear poised for action as they await impending US CPI today Recommended by Daniel McCarthy Understanding the
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
OIL PRICE FORECAST: Trade Smarter – Sign up for the DailyFX Newsletter Receive timely and compelling market commentary from the DailyFX team Subscribe to Newsletter Most Read: What is OPEC and What is Their Role in Global Markets? Oil prices finished last week strong as a weaker US Dollar on Friday helped keep prices supported.
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
A Friday afternoon is no time for a breakout but oil is going to be in focus next week, especially if the US dollar continues to retreat. The big level to watch is $83.53. If that breaks, we’re at the highest since November. On the CPI front, year-over-year gasoline prices are now ticking higher in
WTI, Brent Crude Oil Analysis Fitch downgrade spooks risk assets with oil proving vulnerable too WTI oil heads lower after respecting significant zone of resistance Brent crude oil eyes $82 as first real test of bearish momentum The analysis in this article makes use of chart patterns and key support and resistance levels. For more
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
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
Share: WTI jumped above $80.00 for the first time since mid-April. Tighter global supply and Chinese stimulus support the rise in Oil prices. Hawkish bets on the Fed may limit the price’s momentum. On Thursday, the West Texas Intermediate (WTI) rose more than 1% to its highest level since mid-April, above $80.00. Investors
