Crude Oil
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WTI Price Forecast: Short-term momentum improves above 21-day SMA
WTI eases after rallying nearly 4% the previous day as markets reassess US oversight of Venezuelan Oil. US President Donald…
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WTI slips toward $58.00 as rising global inventories fuel oversupply concerns
WTI prices weaken amid rising global inventories and oversupply concerns. Chevron, Vitol, and Trafigura compete for US deals to export…
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Crude Sharply Higher on Energy Demand Strength and Index Buying of Oil Futures
February WTI crude oil (CLG26) on Thursday closed up +1.77 (+3.16%), and February RBOB gasoline (RBG26) closed up +0.0658 (+3.88%).…
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WTI rises as US Crude Oil stockpiles drop sharply, Venezuelan exports eyed
WTI US Oil prices recover following the release of much stronger-than-expected inventory data. Weekly figures show a steep drop in…
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Venezuela headlines weigh further on Oil prices – ING
Developments around Venezuela continue to grab headlines, putting further pressure on Oil prices. President Trump said that Venezuela will sell…
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WTI declines to near $56.00 as Venezuelan oil deal overshadows US inventory drawdown
WTI price drifts lower to near $56.05 in Thursday’s early European session. Trump’s deal to import up to $2 billion…
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Crude Prices Tumble on Signs of Robust Global Oil Supplies
February WTI crude oil (CLG26) on Wednesday closed down -1.14 (-2.00%), and February RBOB gasoline (RBG26) closed down -0.061 (-0.36%).…
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RUB: Russian Oil exports plunge, revenue falls sharply – Commerzbank
Russian Oil exports are declining sharply, impacting the nation’s export and budget revenues. In the four weeks to 4 January…
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WTI Price Forecast: Sees immediate support near $55 amid US-Venezuela clash
The Oil price is under pressure on hopes that Venezuela’s Oil industry restructuring will increase global crude production. Investors await…
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Crude Prices Retreat on Dollar Strength and Energy Demand Concerns
February WTI crude oil (CLG26) on Tuesday closed down -1.19 (-2.04%), and February RBOB gasoline (RBG26) closed down -0.0194 (-1.13%).…
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