Price of oil

Crude oil prices are under pressure on global growth concerns; China’s economic fortunes are weighed by policy and disruptive restrictions and futures markets might provide hints for WTI’s direction.

2022-11-29T04:44:29+0000

Crude oil prices responded sharply to supply conjecture; futures markets might provide hints for WTI direction and China’s economic outlook continues to battle disruptive restrictions.

2022-11-22T04:20:19+0000

Crude oil prices crushed as futures market entered contango Friday; cautious risk aversion on Wall Street sets sour tone for Asia trade and WTI Ascending Triangle breakout continues to gather momentum.

2022-11-21T01:45:37+0000

Crude oil prices are under pressure as China increases lockdown measures as Covid spreads; a surprise build in US stockpiles and the restarting of a major US refinery pose headwinds and WTI prices extend drop.

2022-11-10T04:38:00+0000

In an attempt to shore up oil prices, OPEC+ is planning to cut output by 2 million barrels a day. Also coming in November: the end of the million-barrel-a-day draining of the SPR and potential damage to key European oil pipelines.

2022-10-25T06:23:40+0100

The price of oil trades in a narrow range despite an unexpected decline in US inventories, but a bull-flag formation may unfold over the coming days as crude appears to be reversing a head of the monthly low ($80.87).

2022-10-20T01:59:56+0100

The price of oil appears to be trading in a narrow range as it bounces along the 50-Day SMA ($87.54), but crude may attempt to retrace the decline from the monthly high ($93.64) as a bull-flag formation appears to be taking shape.

2022-10-17T04:23:40+0100

The price of oil halts a three-day selloff despite a larger-than-expected rise in US inventories, and crude may continue to hold above the 50-Day SMA ($87.58) as a bull-flag formation appears to be taking shape.

2022-10-14T03:11:18+0100