Oil Prices Increase Due to Russian and Saudi Supply Restrictions for August. Introduction In a recent development, major oil exporters Saudi Arabia and Russia have announced supply restrictions for the
Read More
Oil prices surge as investors await the Fed’s interest rate release. FUNDAMENTAL OVERVIEW Following upbeat predictions from OPEC and the International Energy Agency (IEA) regarding the rise of global oil
OPEC uncertainty limits gains as oil increases on optimism about the debt ceiling. FUNDAMENTAL OVERVIEW Despite concern ahead of an OPEC meeting this weekend, oil prices jumped in Asian trade
OPEC+ discussions uncertainties and US debt deal problems cause oil to decline by 2%. FUNDAMENTAL OVERVIEW The market’s risk-on attitude was dampened by worries about the U.S. debt ceiling agreement,
As attention turns to the US debt ceiling talks, oil prices decline. FUNDAMENTAL OVERVIEW After rising in the previous session on hopes that U.S. gasoline demand would increase, oil prices
Oil Spikes After US Signals June SPR Refill Could Start Oil prices spiked after more Chinese statistics, this time in the form of money indicators, showed that the country’s economic
Oil continues to fall ahead of anticipated interest rate increases. FUNDAMENTAL OVERVIEW After falling 5% the previous session, oil prices continued to decline on Wednesday as investors worried about the
Crude Oil (Light Sweet) Technical Analysis: Weekly Chart In the weekly charts, Crude Oil was trading in a down channel. Crude Oil is currently trading below all SMA except MA
After the OPEC production cut, crude oil gains continue; API data is forthcoming Following OPEC+’s unexpected move to reduce its production levels, oil prices increased on Tuesday, adding to the
Fears about demand cause oil to decline as the market anticipates a Fed decision. FUNDAMENTAL OVERVIEW BRENT CRUDE OIL TECHNICAL ANALYSIS DAILY CHART: Technical Overview Brent Crude Oil is currently