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…
Crude Oil Price Forecast: Bull Flag Coils Below 20-Day/50-Day Resistance
Pattern Validity The bull flag setup remains intact as long as $58.24 holds. Even a brief dip below…
Natural Gas, WTI Oil, Brent Oil Forecasts – Oil Retreats As Geopolitical Risk Premium Declines
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Crude Prices Rally on Reduced Russian Supplies and Renewed Middle East Risks
December WTI crude oil (CLZ25) today is up +1.64 (+2.79%), and December RBOB gasoline (RBZ25) closed up +0.0526…
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,…
Crude Oil Price Forecast: Bull Flag Failure Drops Below $58.94 Fib
Thursday’s Narrow Continuation Downward pressure persisted Thursday, yet sellers managed only a modest new low of $58.24 within…
Crude Oil Price Forecast: Bull Flag Breakout Reclaims 10-Day MA – Targets $64.55
First Pullback Context The recent decline marked the initial correction following the explosive two-day rally off the $56.41…
Crude Oil Price Outlook – Crude Oil Drifting in Early Monday Trading
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Crude Oil Higher on Dollar Weakness and Stronger Chinese Demand
December WTI crude oil (CLZ25) on Friday closed up +0.32 (+0.54%), and December RBOB gasoline (RBZ25) closed down…
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%…