Petroleum

Oil stalled at the 200-day MA; OPEC+ announced a 2M bpd cut for Q1 2024, falling short of expectations. Will bulls recover or $70 retest looms?

2023-12-01T04:46:20+0000

Following the disappointing read in China’s official PMI yesterday, the Caixin PMI data has provided a more optimistic view.

2023-12-01T02:32:20+0000

Delayed OPEC+ meeting to take place on Thursday at 13:00 GMT – individual quotas and supply cuts remain central to the meeting and brent crude prices head lower after notable rejection at the intersection of the crucial $82 level.

2023-11-28T04:48:39+0000

Wall Street continued to take comfort from falling US yields overnight, which paved the way for rate-sensitive tech to lift the Nasdaq to a fresh year-to-date high.

2023-11-21T02:16:17+0000

Wall Street did not get much cues on monetary policy outlook from Fed Chair Jerome Powell’s speech overnight, which translated to a mostly flat session.

2023-11-09T02:07:32+0000

Oil is the most widely traded commodity in the world, meaning that a good trading strategy is essential. We look at the top oil trading strategies to employ and go through the basic drivers of the oil price.

2023-10-31T12:30:50+0000

The weekend premium was deflated on Monday as markets look to the Fed; oil heads lower after respecting resistance at $89 a barrel and EU data underscores growth slowdown in major economies.

2023-10-31T01:55:37+0000

IAG and easyJet both saw record profit in their most recent sets of results. However, both stocks could remain tied to oil price fears.

2023-10-19T12:40:31+0100