Crude Oil, WTI, Bent, US Dollar, NFP, FOMC, HSI, RBA, BoC, ASEAN, G-20 – Talking Points Crude oil’s leap to new highs appears intact for now with A combination of production cuts and an inventory rundown boosted oil After today’s US holiday, a busy week lies ahead. Will WTI keep climbing? Recommended by Daniel McCarthy
Today is the seventh straight day of gains for oil and it’s broken out to the highest levels of the year. The $85 level has been a barrier for crude this year but yesterday Russia’s Novak said that next week OPEC+ will announce a new supply agreement. He didn’t say whether that would entail deeper
Share: Saudi Arabia expected to extend its 1 million bpd output cut into October. Russia agrees with OPEC to cut exports next month. Positive business activity reports from China improve the oil demand outlook. US unemployment rate rises, wage growth slows, potentially pausing interest rate hikes. Western Texas Intermediate (WTI), the US crude
Share: WTI rose near the $82.90 zone, setting a three-day winning streak. Supply crunch fears amid the Hurracain Idalia tractions Oil prices. A stronger USD and the fragile Chinese situation may limit the upside. The West Texas Intermediate (WTI) rose on Wednesday and threatened the $83.00 resistance. What is driving the price upwards
Crude Oil, WTI, Retail Trader Positioning, Technical Analysis – IGCS Commodities Update Crude oil prices extend gains from last week More retail traders are becoming bearish Will positioning hint at WTI clearing resistance? Recommended by Daniel Dubrovsky Get Your Free Oil Forecast Crude oil prices extended higher over the past 24 hours, continuing a near-term
OIL PRICE FORECAST: Most Read: What is OPEC and What is Their Role in Global Markets? Oil prices continued their advance this morning helped by geopolitical fears and depleting inventories. A slightly stronger dollar this morning also failed to arrest the rise in Oil prices ahead of a slew of US data. Recommended by Zain
The price of WTI crude oil futures are settling at $79.83. That’s up $0.78 or 0.99%. For the week, the price-1.03% or $-0.87 (at current levels). It is the 2nd consecutive week to the downside after last week’s decline of -3.04%. Crude oil Looking at the chart above, at the lows this week, the price
Crude Oil, WTI, Brent, Fed, Powell, Jackson Hole, US PMI, EIA – Talking Points The crude oil price is treading water as markets await Fed views Weak US PMI data appeared to overwhelm EIA inventory figures Markets are poised for clues from the Fed. Will WTI break support? Recommended by Daniel McCarthy Traits of Successful
OIL PRICE FORECAST: Oil Mixed Today Following an Improved European and US session as Sentiment briefly improved. US Rig Count for Week Ended August 18 Drops to 520 from a Previous 525. Technicals Flashing Mixed Signals with Overall Improvement in Sentiment needed for a Sustained Push Higher. To Learn More About Price Action, Chart Patterns
Share: WTI increased more than 1% on Friday and found resistance near $81.30, above the 20-day SMA. US Oil and natural rigs decreased for the sixth week in a row. The USD trading neutral allowed the black gold to gain traction. Chinese financial woes may limit the WTI’s upwards momentum. At the end
