Crude

Basic OverviewLast week was a tough one for crude oil as the price fell more than 6% on renewed growth concerns amid weak US data. OPEC+’s delay in increasing production from October did not spark a rally but helped slow the downward…

SlavkoSereda/iStock via Getty Images Crude oil futures extended sharp losses from the previous session, with benchmark U.S. crude falling below $70 a barrel for the first time this year, giving up early gains after delegates' comments…

SlavkoSereda/iStock via Getty Images Crude oil futures rose on Thursday, rebounding from two days of declines, as supply disruptions in Libya and plans to cut production in Iraq raised concerns about tightening global supplies. More…

The top of the descending triangle has been acting as resistance for crude oil this week, putting the commodity back on track to test the bottom. Will the support continue again?Take a look at the nearby turning points I am watching on…

Figures via oilprice.com on Twitter:The U.S. Energy Information Administration's estimates, due out tomorrow at 10:30 a.m., show:Crude oil inventories down -2.265 million barrelsGasoline inventories down -1.587 million Distillates down…

SlavkoSereda/iStock via Getty Images Crude oil futures rose more than 3% on Monday after Israel and Hezbollah traded blows over the weekend and Libya's rival eastern government said it had halted oil production and exports, adding to…

US crude oil prices continue to recover after revisiting August lows last week. How far can WTI crude oil go before sellers can gather enough downside momentum? We take a closer look at the potential resistance area: Crude Oil WTI…

SlavkoSereda/iStock via Getty Images Crude oil futures fell for a fourth straight session on Wednesday, as a downward revision to U.S. jobs data outweighed a rally driven by a larger-than-expected drawdown in U.S. crude inventories. The…

Brent crude oil prices may use the broken resistance line as a support zone. Will oil prices bounce off the potential technical support area in the next few days? We are looking at the UKOIL 4-hour chart today! Brent Crude Oil (UKOIL)…

SlavkoSereda/iStock via Getty Images Crude oil futures ended the week little changed as lingering concerns over the outlook for demand in China and easing geopolitical risks offset economic data showing slowing inflation and strong…