Oil Prices have fallen since late June. The previous rally was based on anticipation that the Iraq crisis could disturb oil supply, but this has not happened. This week, when WTI Crude price hit 99.00, traders bought it back up...
Prices continue to race higher after rebounding from rising channel support set from mid-March, taking out the 38.2% Fibonacci retracement at 102.92. Buyers now aim to challenge the 50% level at 104.14, with a break above that exposing the 61.8% Fib at 105.36. Alternatively, a move back below 102...
A North Texas city council on Wednesday refused to enact a ban on hydraulic fracturing in the city after holding an eight-hour public hearing. The Denton City Council voted 5-2 against the proposal, sending it to the November ballot that now leaves its fate on voters...
As the world's second largest importer of oil, higher oil prices could pose a threat to China's economic growth story, Bank of America Merrill Lynch analysts have said...
Prices remain in consolidation mode below resistance at 106.74, the 23.6% Fibonacci expansion.A daily close above this barrier initially targets the 38.2% level at 108.04. Alternatively, a reversal below support in the 104.84-105...
West Texas Intermediate oil futures edged higher on Tuesday, as market players assessed demand prospects from the U.S. and the supply outlook in Iraq. On the New York Mercantile Exchange, crude oil for delivery in August rose 0.4%, or 42 cents, to trade at $105...
On the New York Mercantile Exchange, crude oil for delivery in August fell to a session low of $105.09 a barrel (minimal since June 26), before trimming losses to last trade at $105.20 during European morning hours, down 0.53%, or 55 cents. U.S. oil futures ended down 0...
WTI Crude has popped back above the $106.00 handle as reports of relaxed restrictions on US oil exports offset negative cues from an unanticipated jump in inventories. Meanwhile, heightened geopolitical tensions and a weaker greenback could continue to keep gold and silver elevated...
