Oil

Crude Oil continues to be supported amid a confluence of positive supply and demand drivers although the strong momentum of the past couple of weeks faded a bit ahead of the key $80 level. On the supply side, the tensions in the Red Sea are…

SlavkoSereda/iStock via Getty Images Crude oil added to recent gains Friday to wrap up a fourth winning week out of five, benefitting from a ratcheting up of tensions in Middle East while overcoming some difficult headlines along the…

This commodity is still stuck in consolidation, as it hovers close to the ascending triangle top.Can it go for a breakout soon? Here are the inflection points I’m watching on the 4-hour time frame. WTI Crude Oil (USOIL) 4-hour Chart…

Oil (Brent, WTI Crude) AnalysisMarginal Cushing stock build could limit oil upside, IEA revises oil demand growth lowerBrent crude oil flirts with the 200-day SMAWTI testing major zone of resistance into the end of the weekThe analysis in…

The price of WTI crude oil futures are settling at $76.64. That's down -1.23% or -1.58%.The high-priced today reached $78.77. The low price extended to $76.64.Technically, the price fell below its 100 and 200 day moving averages today at…

Breadcrumb Trail LinksPMN BusinessSenegal joins the continent’s nations that have had energy hopes dashed, with oil finds weighing on their financial situations.Author of the article:Bloomberg NewsPaul Burkhardt and Katarina HoijePublished…

By Sudarshan Varadhan(Reuters) - Oil prices fell in early Asian trade on Monday after Israel said it had "concluded" a series of strikes in southern Gaza, slightly easing concerns about supply from the Middle East.Brent crude futures were…

It's surprising to see the loonie lagging today given today's strong employment report. The country added 37.3K jobs compared to 15K expected and the unemployment rate fell to 5.7% compared to 5.9% forecast.If that wasn't enough, oil prices…

© Reuters. FILE PHOTO: Signage of Petroleos Mexicanos (Pemex) is pictured at the company's headquarters in Mexico City, Mexico July 26, 2023. REUTERS/Raquel Cunha MEXICO CITY (Reuters) - Ratings agency Moody's (NYSE:) on Friday…

Oil (WTI, Brent Crude) News and AnalysisEIA storage data reveals minor drop but extends run of successive drawdownsOil Responding Positively to Improvements in the Battered Chinese Equity Space (Brent crude)WTI oil nears significant zone of…