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
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Crude Oil Stabilizes, Russian Scenario Draws Attention Introduction Following the recent failed uprising by Russian mercenaries, crude oil prices have steadied on Monday. However, concerns linger regarding the potential impact
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,
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
Crude Oil jumps on unexpected OPEC+ output reduction. FUNDAMENTAL OVERVIEW To support a market that has dropped this year due to worries about an economic slowdown in the developed world,
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
Brent Crude Oil Technical Analysis: Weekly Chart In the weekly charts, Brent Crude Oil is trading in a downward channel. Brent is currently trading below the middle line of the