WTI Recovers from its Open – On Set to Confirm Breakout of Major Resistance
Crude oil prices opened on low from yesterday’s close but managed to gain momentum to confirm the breakout candle from yesterday. Full Article
Crude Oil Price Forecast: China’s Demand Worries and OPEC+ Cuts Shape Market
Crude oil prices have retreated from their recent highs at the outset of the week, primarily due to concerns over subdued demand from China Full Article
Crude Oil Weekly Forecast: Surging on Chinese Recovery and Inventory Surprise, Eyes on $77.78 Mark
The Crude Oil (USOIL) price forecast concluded the week on a downward note at $77.78, representing a 2.47% decline amidst volatile market dy Full Article
WTI Set to Close for a Second Successive Monthly Rise
WTI looks set to close the month higher for the second time in two consecutive months. Three sources report that OPEC to extend cuts. Full Article
Crude Oil Forecast: WTI Nears $78.50 Amid Rate Hike Concerns and OPEC+ Moves
West Texas Intermediate (WTI) crude prices experienced a downturn, trading at approximately $78.50 per barrel in the Asian session Full Article
OPEC Cuts Agreed on Late 2023 Take Effect, Saudi Arabia Releases Data for Dec 2023
The bullish momentum gained today as OPEC realesed export data showing a sharp decline in crude exports for Q4 & Dec 2023. Full Article
WTI Extends Rally Despite Weak US Production Data
WTI rallys despite US industrial and manufacturing production data, both released lower than expected. Full Article
WTI Crude Oil Dips Below $77 Amidst China’s Real Estate Crisis and Global Central Bank Policies
West Texas Intermediate (WTI) crude oil witnessed a significant decline of over 1.50% on Monday. This downtrend was primarily influenced by Full Article
Crude Oil Falls into the GAP Below $80 but the 100 SMA Holds
Crude Oil continues to slide lower yesterday, despite a large drawdown in the EIA crude inventories last week Full Article
Oil Makes New Low for 2022 on OPEC Production Hike Rumours, Bounces on Denial
Crude Oil broke below the September low today, with US WTI falling to $75.30, which is the lowest level since late 2021 Full Article
Double Top Pattern Activation in Crude Oil Pointing to $70
Crude Oil failed at $84 again, forming a double top pattern, and yesterday's push below $82 activated a sell signal with the target at $70 Full Article
US Crude Oil Production Forecast 2022
The United States is the world's third-largest producer of crude oil, behind Saudi Arabia and Russia. Oil production in the United States... 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