Oil maintains its current level before Powell’s Senate testimony. Key Points 1. British Inflation Defies Predictions, Influences Bank of England Decision As Federal Reserve Chair Jerome Powell prepares to testify
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Oil prices drop amid China growth concerns. As concerns about China’s economy trumped OPEC+ output cutbacks and the seventh straight decline in the number of oil and gas rigs operating
Fears of Rising Rates and Worsening Growth Push Oil Prices Near 5-Week Low. In conclusion, oil prices are facing multiple headwinds including rising interest rates, slowing economic growth, and the
Despite positive China statistics, oil declines due to economic concerns. FUNDAMENTAL OVERVIEW BRENT CRUDE OIL TECHNICAL ANALYSIS DAILY CHART: Technical Overview Brent Crude Oil is currently trading in the up
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
Political unrest and supply issues cause the price of crude oil to increase. Oil prices traded higher Monday, recouping some of last week’s heavy losses on heightened geopolitical tensions and
Oil prices were steady on Thursday, as optimism over recovering Chinese demand was offset by U.S. oil inventories hitting their highest in months and signs the U.S. Federal Reserve could
Brent Crude Oil futures rose 3.12% at 96.33 on Friday. Asia market oil prices fell on Thursday and more down because of the increased supply market is afraid that the
Crude Oil (light sweet) Technical Analysis: Weekly Chart In the weekly charts, the Crude oil index is trading in a down channel. Crude oil is currently trading below all SMA.
Brent Price Development & Key Influences: The war between Russia and Ukraine and concerns that a potential global recession would reduce demand affected the price of international benchmark Brent crude