Oil

Oil (Brent, WTI) AnalysisIEA projects improved oil outlook for 2024, contingent upon OPEC+ cuts into year endBrent crude oil surpasses $85 a barrelWTI crude oil breaks above prior level of resistance to trade at a 3-month highThe analysis…

Crude Oil Prices and AnalysisUS benchmark crude is closing in on $79/barrel againOPEC has stuck with its relatively bullish medium-term demand forecastsUS stockpiles unexpectedly shrank last weekLearn how to trade oil with our complimentary…

WTI crude oil is still cruising higher inside its ascending channel! The commodity is in correction mode, though, and this might be an opportunity to catch the trend on a dip. Check out these support levels I’m watching on the 4-hour…

SlavkoSereda/iStock via Getty Images Nearly 50 Democrats in the U.S. Congress on Wednesday called on the Federal Trade Commission to open a full investigation into the wave of M&A activity in the oil and gas company industry,…

WTI crude oil is testing a previous resistance area after making new 2024 highs! In case you missed it, crude oil prices took hits after global demand concerns and higher-than-expected U.S. inventories weighed on the commodity.It also…

Crude Oil (WTI) Main Talking Points:US Crude still doesn’t look comfortable above $80/barrelIts overall uptrend remains in place, howeverThis week will bring its share of event risk Recommended by David Cottle How to Trade…

Is the trend still our friend on WTI crude oil? The commodity price is retreating from its channel top and looks ready for a pullback. Better keep tabs on these correction levels on the hourly chart! WTI Crude Oil (USOIL) 1-hour Forex…

SlavkoSereda/iStock via Getty Images Crude oil futures settled higher Tuesday as Reuters reported OPEC and its allies will consider extending voluntary production cuts into Q2. OPEC+ agreed in November to voluntary cuts totaling ~2.2M…

Crude Oil Prices and AnalysisOil benchmarks looked set for early gains but have slipped back in the European morningThe $77 support region has come back into play having been topped on MondayThe overall uptrend endures but WTI looks more…

Economy How Ruto deal with Gulf oil firms inflated pump prices Tuesday February 27 2024 Besides the costs arising from the inflation of the premium, consumers paid more to meet the funding shortfall in the new fuel supply deal.…