Crude Oil
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Facts: OIL.WTI retested the 50-day exponential moving average. At the same time, the 200-day EMA continues to slope downward. Recommendation:…
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Chart of The Day – OIL
Oil prices remain stable today at $64.80 per barrel of Brent crude, despite a moderate production increase of 137,000 barrels per day…
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Gasoline Futures Follow Crude Oil Higher
US gasoline futures rose toward $1.9 per gallon, following the rise in crude oil prices after OPEC+ signaled a pause…
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US Heating Oil Futures Rise
US heating oil futures rose to around $2.42 per gallon, moving closer to the July highs reached last week, supported…
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WTI holds remains subdued around $60.00 due to oversupply concerns
WTI price struggles amid oversupply concerns ahead of OPEC+ meeting. OPEC+ members plan to increase production by 137,000 barrels per…
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Brent Slips as US-China Talks Conclude
Brent crude oil futures fell toward $64 per barrel on Thursday, giving up gains from the previous session, as the…
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WTI treads water above $60.00 before US-China trade deal updates
WTI price moves little as traders await developments on US-China trade deals. President Trump was expected to urge China to…
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Sharp Drop in U.S. Oil Inventories
03:30 PM BST, United States – EIA Data: Crude Oil Inventories: actual -6.858M; forecast -0.900M; previous -0.961M; EIA Weekly Distillates Stocks: actual -3.362M;…
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Oil Holds 3-Day Decline
WTI crude oil futures traded around $60 per barrel on Wednesday, holding a three-day decline as investors continued to weigh…
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OPEC+ to Raise Production in The Next Meeting
Brent crude (OIL) futures are once again bouncing off resistance around $65.50 per barrel following media reports that OPEC+ plans…
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