Libya Outages and Middle East Tensions Spark Supply Concerns. WTI Nears key $77.40 Resistance
WTI crude nears pivotal $77.40 level and Brent crude shies away from confluence resistance. External factors continue to influence recent moves as Middle East threat eases
Read More »Crude Oil Prices Slip Again As US Inventories Increase, OPEC Meet Eyed
Markets appears content to take profits as Q1 comes to a close and OPEC sources do not expect any changes to output levels in the second quarter
Read More »WTI advances near $74.70 on Red Sea disruptions, more vessels to avoid the Suez Canal
West Texas Intermediate (WTI) price trades higher around $74.70 per barrel at the time of writing, extending gains for the second successive day.
Read More »Oil Price Forecast: Recovery Continues as Expectations for OPEC Cuts Grow
Oil prices are up around 7% from last weeks lows as speculation mounts over further cuts by OPEC+ who meet later this month. Immediate resistance poses a hurdle but overall…
Read More »WTI trades with modest losses below $81.00, seems vulnerable near two-month low
West Texas Intermediate (WTI) Crude Oil prices trade with a negative bias for the third successive day on Wednesday and languish near a two-month low touched the previous day.
Read More »WTI struggles for a firm intraday direction, consolidates in a range around mid-$82.00s
West Texas Intermediary (WTI) Crude Oil prices struggle to gain any meaningful traction on Friday and oscillate in a narrow band, around mid-$82.00s t
Read More »Crude Oil Q4 Technical Forecast: How High Can it Go?
Crude oil technical analysis shows Q4 could take prices towards the $100 mark but remain around overbought levels which could limit upside
Read More »Oil Price Forecast: WTI and Brent Slide as Overall Sentiment Flounders
Oil prices appear ready for a decent pullback amid China and recessionary fears. Will we finally achieve a sustained break back below the $80.00 a barrel mark?
Read More »Crude Oil Forecast: Attention Shifts to OPEC Production Cuts
Brent crude oil prices look to next week with forward momentum as markets await further information from OPEC their production projections for September.
Read More »Crude Oil Forecast: Breakdown in Play after Confluence Resistance Rejection
Oil has lacked directional conviction after failing to break above confluence resistance last week, with prices ranging between ~$77.50 and ~$74.00 ahead of a possible breakdown.
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