MAs Keeping Crude Oil Down, As EIA Inventories Accumulate
Crude Oil has turned bearish again as the FED is projecting two more rate hikes, while the EIA inventories showed a major buildup Full Article
Crude Oil Ending Up Below $70, Despite EIA Inventories Drawdown
Crude Oil made a reversal last month after the jump on OPEC+ production cut and is looking increasingly bearish Full Article
Crude Oil Fills This Month’s Gap but the 200 SMA Holds
Crude Oil has ben sliding lower for two weeks and today it closed the gap from the beginning of April ahead of the EIA inventories Full Article
Oil Testing the 50 Hourly SMA After Reversing $1.5 Lower
Crude Oil has reversed at the highs around $74.30s which it tested earlier today and is now finding support at the 50 SMA Full Article
WTI Crude Oil Breaks Below Support as Fundamentals Weigh
The decline in crude Oil has picked up pace, as the sentiment turns negative while majors banks are failing Full Article
Crude Oil Resumes the Declining Trend Despite A Decline in EIA Inventories
Crude Oil continues to make lower highs, as the sentiment remains uncertain while markets expect the FED to pick up the pace of rate hikes Full Article
Oil Remains Supported Despite Huge EIA Inventories Buildup and USD Comeback
Oil has seen some strong demand since early last week despite a stronger dollar and huge buildup in crude inventories Full Article
Selling Crude Oil After Buildup in EIA Inventories
Crude Oil has been gaining this week, but WTI is finding resistance at the 100 SMA now and EIA inventories posted another buildup Full Article
Oil Downtrend in Question on OPEC Meeting, EIA Inventories and FED
Crude Oil reversed lower from the 100 daily SMA last week, but bounced higher yesterday after the softer US earnings report Full Article
WTI Oil Keeping the Bullish Momentum, Despite the Huge EIA Crude Inventory Buildup
The EIA inventory showed a buildup of more than 10 million barrels last week, although that didn't hurt Oil much Full Article
WTI Crude Oil Surges After US Stockpile Decline Reveals Strong Demand
WTI crude oil continues its bull run after soaring to a seven year high in the previous session, supported by a drawdown in US crude Full Article
WTI Crude Oil Rallies As EIA Reports 2.979M Barrel Deficit
The past three days have been big for WTI crude oil prices, nearly erasing losses from the previous seven-day losing streak. Full Article
EIA Reports A 3.234 Million Barrel Draw On U.S. Oil Supplies
Despite today’s 3+ million barrel EIA supply draw, the August crude oil pullback rolls on. Full Article
EIA Reports Slight Drop In The U.S. Oil Supply
WTI crude oil and USOIL are well off yearly highs through the first 11 days of the month. Thus far in August, USOIL is down more than 7%. Full Article
EIA Reports 3.626 Million Barrel Weekly Rise In U.S. Supply
Right now, USOIL is in a freefall. Prices are down more than 1% since this morning’s EIA report. Full Article
