W1 price is located on bearish market condition with descending triangle pattern to be broken from above to below. The price is trying to cross 51.39 support level for the bearish to be continuing with 45.17 as a next target in this case...
World oil costs dropped again in Asian exchange on Tuesday, taking after a sharp decrease in China stocks shook worldwide markets and reasons for alarm about oversupply of products...
World Oil Prices In Asian Trade. Oil prices vary in Asian trade on Thursday, with WTI stuck below 50 u.s. dollars a barrel after a rise in U.S. stocks add to global oversupply worries, analysts said. Us Department of energy on Wednesday said commercial crude oil inventories of the country rose 1...
The weakening of oil prices Continues in Europe Oil prices continue their decline this evening after a report showed the United States reserves surged last week, with analysts warned of weakening further in the future. Ahead of the release of an official report of the u.s...
Weekly price is on bearish market condition with below of 100-period SMA and 200-period SMA for ranging between 70 psy level and 45.17 support level. The price is trying to break 55.06 support level to be crossed for the bearish market condition to be continuing: the price crossed 60...
Delegates from the Organization of the Petroleum Exporting Countries (OPEC) said they consider the current plunge in oil prices to be temporary adding that it will not deflect the cartel from its current policy of keeping output high to defend market share...
In recent days, oil prices have undergone something like a perfect storm with the Greek crisis, Iran nuclear deal, strong dollar as well as Saudi production - all weighing on this commodity. However, several banks are not in a hurry to change their upbeat outlook. Let us have a look...
After The Iran Deal To Sweeten Oil prices dropped further in Asia on Tuesday, amid signs the deal soon between Iran and Western powers that would enable Iran crude oil flows back to the global market is already saturated. A strong u.s...
On Thursday crude-oil futures logged small gains, though still trading near three-month lows after posting sharp losses in the previous session on concerns over U.S. fuel demand and a global supply glut...
On Tuesday prices of crude oil fell steeply after Iran and six world powers struck a nuclear deal allowing it to pour more oil into already oversupplied market...
On Monday the Organization of the Petroleum Exporting Countries trimmed 2015 demand forecast for its oil...
On Monday oil prices fell by as much as 3 percent as Iran and six world powers were close to concluding a nuclear deal...
It’s been five months since Johnson Umeadi and his wife, Adaku, received their salaries as government workers in southeastern Nigeria. With Nigeria’s finances shot by last year’s collapse in oil prices, they’re struggling with rent and can’t afford school fees for their three children...
Riverstone Holdings LLC and Blackstone Group LP-backed Siccar Point Energy Ltd. are considering bidding for oil and gas fields in the North Sea that are being sold by Russian billionaire Mikhail Fridman’s LetterOne, people with knowledge of the situation said...
The BRICS group of developing nations, meeting in Russia to bolster ties, said they’re disturbed by the turbulence that’s roiled global markets from energy to stocks...
W1 price is located below 200 period SMA and below 100 period SMA for the primary bearish with secondary ranging between 45.17 support level and 69.57 resistance level: Triangle pattern was crossed by the price together with 60...
Weekly price is on bearish market condition with below of 100-period SMA and 200-period SMA: the price crossed 60...
On Wednesday oil prices saw a slight rise as deadlines on Greece and Iran were prolonged, the greenback was lower and the main focus moved to U.S. inventories data due out later in the day...
