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
Weekly Baker-Hughes Crude Oil Rig Count Comes In At 405
It's a confusing time to be trading crude oil. Although the long-term technicals show uptrends, current fundamentals say otherwise. 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
WTI Crude Oil Holds The Line Above $73.00
As we move into late-June trade, a strong bullish bias continues to be warranted toward WTI crude oil. Can WTI take out $75.00? Full Article
WTI Crude Oil Futures Rally As Iranian Warship Sinks
If the fallout from the Iranian Kharg sinking intensifies, get ready for WTI and Brent to both quickly test the $75.00 handle. Full Article
Crude Oil Supplies Up, EIA Reports 1.321 Million Barrel Build
Aside from the modest week-over-week build in supply, talks between U.S. and Iran have prompted bearish crude oil sentiment. Full Article
Ag Commodities, WTI Crude Oil Surge
$70-$75 is quickly coming into view for WTI crude oil. Right now, a bullish bias is appropriate as the Memorial Day holiday approaches. Full Article
WTI Crude Oil’s Uptrend Continues – Quick Daily Outlook!
Crude oil prices were closed at $66.23 after placing a high of $66.28 and a low of $64.29. Crude oil extended its gains and reached above $6 Full Article
