The plunge in oil prices continued on Monday, in line with the selloff in wider financial markets, as market players were taken aback by the rout in Chinese equity markets and fears about global economic growth...
W1 price is located below 200 period SMA (200-SMA) and 100 period SMA (100-SMA) for the primary bearish market condition. The price is trying to break 48.19 support level to go to 45...
Skandinaviska Enskilda Banken made technical forecast for Brent Crude Oil the direction and the possible targets: Brent Crude: Bullish "Doji", but will it bite? "The downtrend is relentless and all indicators are pointing south still...
The U.S. consented to permit some rough to stream to Mexico in the most recent stride toward facilitating a 40-year prohibition on most residential oil trades...
Weekly price is on bearish market condition for ranging between 48.19 intermediate support and 51.58 intermediate resistance levels. The key s/r levels are the following: 45.17 key support located far below Ichimoku cloud inside the primary bearish area, and 65...
Weekly price is on bearish market condition with below of 100-period SMA and 200-period SMA: the price is crossing 48.38 support level for 45...
Oil price shows acrobatic jumps. After Monday's recovery, today it fluctuates sharply. Front-month WTI futures were at $44,64 (by 7.56 GMT), Brent at $50.72. This is a new decrease, compared to Monday: WTI fell 0.38%, Brent – 0.61...
Oil Predominantly Drills Into C$. As oil costs have taken a further fall, they've dragged the C$ in the interest of personal entertainment. No genuine astonishment there, after all the two are truly exceptionally associated...
Unrefined petroleum slides on USD quality, set for 6th week after week misfortune The worldwide unrefined benchmark was at that point on track for its 6th back to back week after week drop on an industrious oversupply of the thing...
The Seven Books You Must Read If You Want to Understand Oil Learn your stuff before trying to catch the falling knife Oil sinks. Here is some light reading on light crude with a tilt to history, science, and talking your way out of a business meeting on various and sundry hydrocarbons...
U.S. Stocks Steady as Oil Rebounds. Baxalta shares take off after Shire takeover offer declared U.S. stock records steadied Tuesday as unrefined costs bounced back, helping stem a decrease in expansive oil-organization stocks. The Dow Jones Industrial Average rose 11 focuses, or 0.06%, to 17610...
Brent dropped over 2 percent to $51.10 a barrel by 10:00 a.m. to a price not seen since the end of January. The benchmark is now on its longest weekly losing streak since late 2014...
THE oil cost has fallen by more than 40% since June, when it was $115 a barrel. It is presently underneath $70. This comes after about five years of security...
Iran can help oil generation in one week after universal assents are lifted, and OPEC's refusal to suit Iran in fare markets would bring about lower rough costs, Oil Minister Bijan Namdar Zanganeh said...
Weekly price is on bearish market condition with below of 100-period SMA and 200-period SMA: the price is crossing descending triangle pattern from above to below with 54.26 level and 51.39 as the next target; final target for weekly price is 45.17; Nearest support levels are 51.39 (W1) and 45...
Oil prices were down in Asia, makin Friday, after the OPEC cartel indicated it will maintain the level of peak production now, while a stronger dollar also led to a decrease in pressure. The price of benchmark U.S...
Oil costs Vary in Asian exchange. World oil costs turned variation or "blended" in Asian exchange on Thursday, as the reinforcing dollar constrained the ascent activated by the decrease in U.S. unrefined petroleum inventories, said examiners...
On Friday crude oil prices dropped on the news of robust economic growth in the U.S. which strengthened the dollar, leading the commodity to log its worst monthly performance of the year to date...
