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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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
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
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,
After rebounding from a 17-month low, WTI futures are locked in a range. Despite being in a recovery phase, the 200-day simple moving average (SMA) just rejected the most recent
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
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