Oil Market Faces Dual Challenge: Oversupply Now, Decline Risks Ahead The oil market rarely offers a straightforward narrative, but this past week has been particularly confusing for traders. On one side, headlines continue to emphasize oversupply and weak demand as reasons for lower prices...
The main factor for investors will be US inflation data, which may influence the Fed's rate decision. Attention will also be focused on Oracle's reporting, political events in France, the ECB meeting, and statistics from China. 1...
Oil Markets & Dollar: the NFP Effect Unpacked 1. Background: Energy Demand and U.S. Jobs Data The August Nonfarm Payrolls report came in far weaker than expected, with only 22,000 jobs added versus a forecast of 75,000 . The unemployment rate ticked up to 4...
Oil prices showed stability on Friday morning after a steady rise the day before. October Brent futures on ICE Futures reached $67.87 per barrel, while the October WTI contract on NYMEX rose to $63.73 per barrel...
In August, eight OPEC+ countries, including Russia and Saudi Arabia, plan to increase oil production by 548 thousand bpd...
Oil prices declined on Tuesday due to the growing concerns of market participants about the prospects for the global economy...
Oil prices increased their decline on Tuesday, with Brent crude dropping below $68 per barrel for the first time in two weeks. August Brent futures on the London ICE Futures Exchange fell 5.2% to $67.76 per barrel. At the same time, WTI futures fell 5.18% to $64.96 per barrel...
Oil prices continued to rise on Tuesday morning. On the London ICE Futures exchange, the price of August Brent futures reached $67.38 per barrel. WTI futures on the New York Mercantile Exchange also rose to $65.44 per barrel after rising 1.1% the day before...
The cost of oil transportation is showing a noticeable increase, which is associated with forecasts of a decrease in the availability of tankers on the global market. The reason for this is the expansion of US sanctions measures against the Russian navy...
Oil prices continue to rise, reaching their highest levels since October. Brent futures for March delivery rose to $77.85 per barrel. The day before, this grade rose by $0.75 (+1%), closing at $77.05. WTI futures for February delivery added $0.41 (+0.55%) and reached $74...
OPEC+ expresses concern about a possible increase in oil production in the United States after Donald Trump returns to the White House. The expansion of U.S. supplies could undermine the alliance's efforts to maintain prices and reduce its market share...
On Monday, oil prices jumped after reports of the overthrow of Syrian President Bashar al-Assad by the opposition, which increased fears of an escalation of instability in the Middle East. Brent futures rose by 1.17%, reaching $72 per barrel, and WTI – by 1.32%, to $68.20...
On Wednesday morning, oil prices showed slight fluctuations, reflecting the impact of both signals of a reduction in fuel reserves in the United States and news of a truce between Israel and Lebanon. Brent futures rose slightly, trading at $72...
Oil prices rose slightly on Monday after the strongest weekly drop in seven months. Brent quotes rose to $83.70 per barrel. North American WTI crude is trading near $79.00. This came amid growing signs that recent cease-fire talks between Israel and Hamas have not made significant progress...
The global market for Petroleum will have a slight supply surplus in 2024, even if OPEC+ nations extend their cuts into next year the head of the International Energy Agency's petroleum markets and industry division told Reuters...
Oil futures contracts closed down almost 5% this Thursday, the 16th, taking the barrel to the lowest levels since July, and leaving Brent below US$73. V Fears about demand in the world's largest economies put pressure on the commodity, while production increases in a number of countries...
Gas hubs are central points in a natural gas market where multiple gas suppliers and buyers come together to trade and exchange natural gas...
Crude is favored ended correcting the cycle up from the 12/24/2018 lows where the daily is turning up. The 4 & 1 hour are turning up against the 49.37 lows. While above there expect a turn higher...
Crude is favored ended correcting the cycle up from the 12/24/2018 lows where the daily is turning up. The 4 & 1 hour are turning up against the 49.37 lows. While above there expect a turn higher...
Just like in the Greek mythology, where Siren lures sailors to destruction with the sweetness of her song, Oil and her sweet promise of adrenaline rush sends many traders to their demise...
