Oil News: Crude Oil Futures Fade After Early Rally in Thin Trade as OPEC Looms
Demand isn’t helping. Growth in Q3 barely cleared 0.8 million barrels per day year-on-year, and traders say consumption…
Oil News: Peace Deal Bets Hit Oil Outlook as Crude Oil Futures Slide on Supply Fears
Market Participants Question Pace of Any Change Not all analysts are convinced a deal is imminent. UBS’s Giovanni…
Oil News: Traders Fade Bounce in Crude Oil as Inventory Fears Hit Oil Outlook
At 12:40 GMT, Light Crude Oil Futures are trading $58.60, down $0.24 or -0.41%. Oversupply Concerns Keep Oil…
Oil News: Crude Oil Closes Near 50-Day MA as Geopolitical Risks Fuel Bullish Outlook
The move confirmed $58.12 as a minor bottom and kept prices within reach of the 50-day moving average,…
Oil News: Crude Oil Edges Up as Trump-Hungary Meeting Sparks Sanction Speculation
Daily Light Crude Oil Futures From a chart perspective, WTI tested a short-term retracement zone between $59.27 (50%…
Oil News: Crude Oil Futures Rally as Sanctions Bite, Moving Averages Under Pressure
At 09:50 GMT, Light Crude Oil Futures are trading $61.61, up $3.11 or +5.32%. The sanctions, announced Wednesday…
Oil News: Bearish Oil Outlook Builds—Is a Sub-$50 WTI Test Now on the Table?
Geopolitical Risk Premium Contracts On the geopolitical front, developments that had previously injected risk premium into the market…
Oil News: Crude Oil Stuck Below Death Cross—Is $55.74 the Next Target?
Daily Light Crude Oil Futures Any upside continuation faces stiff resistance, with the 50-day moving average at $62.77,…
Oil News: Crude Futures Dive on Trump Tariffs and Weakening Oil Demand Outlook
Trump’s China Tariff Threat Sparks Global Demand Fears Oil’s sharp sell-off was largely driven by risk-off sentiment after…
Oil News: Geopolitical Tensions Can’t Lift Crude Futures Above 200-Day Moving Average
While a move above the 200-day moving average could shift momentum to the upside, bulls still face overhead…
Oil News: Crude Outlook Bearish Below 52-Week Average as Demand and OPEC Lag
OPEC+ Output and Resilient Russian Supply Weigh on Sentiment The bearish tone is rooted in persistent oversupply concerns.…
Oil News: Technical and Supply Pressure Align to Deepen Bearish Oil Outlook
OPEC Output Strategy Fails to Offset Heavy Supply Market sentiment continues to deteriorate as robust global supplies pressure…