FxWirePro: US Oil Faces Strong Intraday Resistance at $44.05, Good to Sell on Rallies Major Intraday resistance- $44.05 (55 H EMA) Major intraday support - $43 US Crude has recovered slightly after making a low of $43.01 in Asian session .It is currently trading around $43.38...
Saudi Aramco Plans to Expand Production After major reshuffle over the weekend, which saw reassigning Ali-al-Naimi, Saudi Arabia’s two decade long oil minister to the advisor to the court and replaced by chairman of Saudi Aramco, Khalid al-Falih, Saudi Aramco’s chief executive officer said Aramco...
Oil Erase Early Gains to $46.00, Turns Negative but Holds $44.00 WTI crude oil futures once again are seeing selling pressure at higher levels, near $45.90-$46.00/barrel mark, forcing the commodity to erase all of its early gains to currently trade at low point of the day $44.20...
Oil: Market Hit with the Tragic Wildfires Spreading through Canada – Deutsche Bank Research Team at Deutsche Bank, suggests that the big story for energy markets are the tragic wildfires spreading through Canada currently...
Oil Jumps Towards $46 on Saudi Arabia, Canada Fires Oil has opened over $1 higher in early Asia, currently trading just shy of $46/barrel from $44.58 last Friday close, following news that Saudi Arabia ousted its long-time oil minister Ali Al-Naimi...
Oil Settles Higher as Canadian Fire, Libya Conflict Limit Supply Crude oil prices rallied at the beginning of the day, with WTI futures posting a daily high of $46...
Crude Oil Could Reach $50.00 by Year-End – Rabobank Strategist at Rabobank Christian Lawrence sees crude oil prices testing the psychological $50.00 handle toward end of 2016...
Oil Drops Sharply, Back to $45.00 Handle As the US session got underway, WTI crude oil futures turned sharply lower, retesting $45.00/barrel mark as investors seems to take some profits off the table after the commodity's sharp rise in April...
Oil Erases Early Losses, Touches $46.00 Level WTI crude oil futures erased all of its early losses to move back towards $46.00 mark. The commodity is currently trading near $45.95, with some marginal gain from its Friday's close of $45.92. On Friday, crude oil gave up its gains from $46...
Can Oil Tolerate Iranian Barrels Hitting Markets? Oil price surged more than 20% in April and more than 70% since its bottom in January, but now bulls are facing critical challenge in pushing prices higher...
Oil Extends Retreat from 2016 Highs on Rising OPEC Output Oil benchmarks on both sides of Atlantic faded a tepid bounce and fell back in the red this Monday, extending its retreat from fresh 2016 tops...
US oil production data from the EIA Oil production fell to 9.129 mbpd from 9.180 mbpd in February, according to the EIA. That's 51,000 bpd decline, or 0.6%. Compared to a year earlier, production is down 3.4%. The numbers are laggy compared to the weekly data, also produced by the EIA...
WTI Consolidating Around $45.00 Region After closing above $45.00/barrel mark for the first time since early Nov. 2015, WTI crude oil futures seem to digest its gains around $45.00 mark...
Oil Eases-Off 2016 Peaks as Stockpiles Hit Record Highs Oil benchmarks on both sides of Atlantic retreated after a two-day rally to fresh yearly tops as a bigger than expected rise in the US inventories continue to dampen the sentiment around the black gold...
Crude Oil Hits Fresh 2016 High On Wednesday, WTI crude oil futures rose to $45.10 mark, hitting its highest level in 2016, before retracing a bit to $44.80 ahead of weekly inventory data and the key Fed monetary policy decision...
Crude oil need a decide; I think it will be long today untill FOMC decides. Than it will be start short again nearly as 39 USD. What dou you say...
WTI Seems Set to Surpass $45.00 Mark WTI crude oil future on Wednesday, seem to digest Tuesday's smart recovery from $42.48, previous resistance turned immediate strong support, to a fresh 2016 high of $44.80...
World Bank Raises 2016 Oil Price Forecast The World Bank raised its forecast for crude oil prices by about 11% on late Tuesday, citing expectations of reduction in the oversupplies...
Oil prices fell more than 2 percent on Monday as data pointed to fresh U.S. crude builds, while leading banks in commodities said the two-month long oil market rebound has defied fundamentals. A Reuters poll forecast a nationwide U.S. crude build of 2...
