Crude

New York (Reuters) - Many US oil refineries depend heavily on imported crude because their facilities are formed to operate heavier degrees, such as those coming from Mexico and Canada. Refiner refineries are awaiting clarity and…

US crude oil prices fell badly throughout the week, as traders took into account global demand concerns. How far can the price of crude oil fall with so many closely watched support levels nearby? We take a closer look at the 4-hour WTI…

Are we about to see a bounce or interruption in Brent crude? The energy commodity has been forming lower highs and higher lows recently, creating a symmetrical triangle pattern on the 4-hour chart. You better keep this triangle support…

WTI prices appear to be stuck around the middle of their range at the moment! Is it about to bounce back to support soon or is it about to continue its climb to the top? Take a look at the near-term turning points I'm watching on the…

A rebound in crude oil prices has pushed West Texas Intermediate (USOIL) crude higher from a key technical support area. Will this cause USOIL to reconsider areas of highest interest? Let's check the 4-hour time frame:West Texas…

WTI bulls appear to be ready for another rally, as the energy commodity found support at the bottom of a newly formed triangle pattern. Can you go north from here? Here are the upside targets I see on the 4-hour time frame: West Texas…

Remember the support zone we talked about a few days ago? Well, it turns out the bears had more fuel in the tank than we thought! Now, USOIL may get a bid from the trend line support that has been holding since early September. What do…

WTI crude oil is taking a break from its weekly losses by being in a key technical support area. Is the black crack ready for an upward swing? We take a closer look at the USOIL 4-hour time frame:WTI (USOIL) 4 hours Chart by…

Are crude oil bears about to stay in the game longer? A look at the daily time frame of the energy commodity shows a large bearish triangle pattern that has been in place since November of last year. WTI (USOIL) daily Chart by…

Do you remember the resistance area we identified a few days ago? Well, WTI has broken above the region! This time, we look at the possibility of a breakout and retest situation: West Texas Intermediate (USOIL) 4 hours Chart by…