CRUDE OIL TECHNICAL ANALYSIS Crude oil prices continue to consolidate after reversing downward following a test resistance above the $51/bbl figure (as expected). From here, a daily close below the 23.6%Fibonacci retracement at 48.90 exposes the 38.2% level at 47.04...
Crude Oil Prices End Win Streak as Russia Balks at OPEC Deal Talking Points: Crude oil price chart setup hints topping may be in the works Gold prices end losing streak following US employment data Russia/OPEC headlines, Deutsche Bank may spark volatility...
Crude Oil Price Forecast: Oil Bulls Can Almost Taste 3-Month Highs Welcome to my products: https://www.mql5...
Crude Oil Price Forecast: Oil Drops on Signs of Failed Accord Welcome to my products: https://www.mql5...
Crude Oil Drops as Output Deal Hopes Dim Before OPEC Meeting Talking Points: Crude oil prices drop before a much-anticipated OPEC meeting Gold prices stalling having failed to build on post-FOMC gains Fed-speak bodes ill for gold, crude oil volatility set to continue...
Raheb Homavandi | TIMA Iranian workers walk at a unit of South Pars Gas field in Asalouyeh Seaport, north of Persian Gulf, Iran November 19, 2015 Crude oil prices fell 2 percent on Friday to multi-week lows as swelling Iranian exports reinforced fears of a global glut, while gasoline rallied on r...
COT-Crude Speculators Buy at Fastest Pace Since May British pound speculators sell for a 6th week; commercials trim longs Largest net long position for small copper traders since February 2013 Speculators buy crude at fastest pace since May For more analysis and trade setups, visit SB Trade Desk...
Drop in crude oil prices, with continued fears surrounding the global economy and the abundance of oil supply I went crude oil prices to record its lowest level in four months, with concerns about the survival of the world's oil supply crunch and the willingness of OPEC oil-exporting countries to...
Rystad Energy estimates US has 264 billion barrels of oil The Norwegian energy consultancy Rystad Energy said US reserves are slightly larger than Russia (256B barrels) and Saudi Arabia (212B barrels) accounting for existing fields, discoveries and fields yet to be discovered...
Early signs of stabilization in drilling There were 330 oil drilling rigs operating in the US last week. We will get the latest update at the top of the hour. The numbers fell almost constantly since August 2015 until recently as the number fell to a low of 316 from 675...
US energy secretary says agreed with Saudi energy minister that oil market still has more supply than demand (US energy secretary speaks after meeting with Saudi energy minister in Beijing) Says: Saudi energy minister sees oil market in balance towards the end of 2016 He expects oil market to be...
Strong dollar and rising supplies weigh WTI crude is down nearly 2% in a broad commodity slump. Oil fell yesterday then rebounded on an unexpected drop in US inventories. However, all the gains evaporated and it closed at the lows yesterday...
Iran says oil exports at 2.31 million barrels per day but shipping data differs Reuters today reports that Iranian oil exports hit a four year high at 2.31 million barrels per day, citing unidentified people. That's up 100,000 bpd from May. Other sources differ wildly...
Crude Oil (WTI) (N6) Intraday: the downside prevails. Pivot: 50.86 Most Likely Scenario: short positions below 50.86 with targets @ 49.40 & 48.75 in extension. Alternative scenario: above 50.86 look for further upside with 51.65 & 52.25 as targets...
Oil Sits at Fresh Multi-Month Highs, US Draw Underpins Oil benchmarks on both sides of Atlantic continue to flirt with eight-month tops amid ongoing USD selling and falling US crude supplies. US rigs count data eyed Currently, both crude benchmarks are extending into the green, with Brent at 52...
WTI Targets 2016 Highs Around $50.00 Crude oil prices continue their march higher on Tuesday, lifting the West Texas Intermediate to the vicinity of the psychological handle at $50.00 per barrel...
Oil Steadies in Asia ahead of API Inventory Report Oil benchmarks on both sides of Atlantic ease-off fresh multi-month tops on Tuesday, correcting the previous rally, as focus now turns towards the API crude inventory report lined up for release later today...
Oil Flat-Lined After OPEC Meeting, US Rigs Data Eyed Having witnessed a volatile session a day before, oil benchmarks on both sides of Atlantic trade modestly flat as dust settles over the OPEC meeting aftermath...
Qatari Energy Minister: OPEC Meeting was Positive Because Oil Prices on the Rise Qatari energy minister Al-Sada crossed the wires via Reuters last minutes, making his comments on Thursday’s OPEC meeting...
