Oil

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…

French oil major Rubis has overtaken TotalEnergies Marketing to become Kenya's second largest oil marketer on the basis of market share. New official data from the Energy and Petroleum Regulatory Authority (Epra) shows that Rubis'…

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…

Breadcrumb linksBMN BusinessAsian stocks are poised to track another strong performance on Wall Street, with stocks hitting all-time highs. The price of oil fell as concerns about Israel attacking Iranian energy facilities eased.Article…

(Bloomberg) -- Chinese stocks erased declines to advance in choppy trading as investors weighed the impact of measures announced by the Finance Ministry to revive growth.Most read from BloombergThe local stock index rose as much as 1.7%.…

MEXICO CITY/HOUSTON (Reuters) - Mexico's national oil company said in a statement late on Friday that Pemex's Deer Park oil refinery near Houston would operate over the weekend at a reduced level after a deadly chemical leak two days…

Written by Samia Nakhoul, Parisa Hafezi and Bisha Majed DUBAI (Reuters) - Three Gulf sources told Reuters that the Gulf states are pressuring Washington to prevent Israel from attacking Iranian oil sites because they fear that their oil…

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…

Huge building-- --The expectations I saw focused on:Main crude +2.0 million barrelsDistillates -1.9 million barrelsGasoline -1.1 million---This data point is from a special survey conducted by the American Petroleum Institute (API).It is a…