Tag Archives: Oil

In a high-profile television appearance, the US Interior Secretary—a vocal proponent of expanding domestic fossil fuel output—delivered a bold assessment of global oil dynamics amid rising international tensions. Drawing from his background as a former state leader in an energy-rich region, he highlighted how evolving world events are poised to …

The International Energy Agency (IEA) has revised its medium-term oil outlook, projecting a slightly tighter market in 2026 than previously anticipated, as stronger demand collides with a softer pace of supply growth. In its latest monthly report, the Paris-based agency lifted its global oil demand forecasts for both 2025 and …

Crude oil prices saw modest support on Monday, with December West Texas Intermediate futures rising by less than 0.1%, while gasoline prices slipped about 0.6%, as geopolitical risks continued to weigh on global markets. Geopolitical tensions remain the primary driver of support for oil. Iran recently seized a tanker in …

An upward trend has dominated US crude oil futures, with prices attempting to recover losses from previous sessions. Technical Outlook – 4-hour timeframe: US crude has established solid support at $62.00, while the 50-period simple moving average continues to act as dynamic resistance from above. The Relative Strength Index (RSI) …

In our previous report, we maintained a bearish outlook, and US WTI crude oil futures extended their decline, recording a low of $62.97 per barrel. Technical Outlook – 4-hour timeframe: Selling pressure remains strong as prices continue to trade below the simple moving averages, which serve as a firm barrier …

In our previous technical report, we maintained a neutral stance due to conflicting signals. However, recent price action has confirmed the continued dominance of the downtrend, with U.S. crude oil futures experiencing renewed bearish pressure in recent hours. Technical Outlook: After testing the strong psychological resistance at $65.00, prices sharply …

U.S. crude oil extended its losses as anticipated in our previous report, surpassing the initial downside target of $64.35 and recording a session low of $63.66 per barrel. Technical Outlook: Following multiple sessions of decline, oil prices are attempting a modest rebound, supported by price stabilization above the psychological threshold …

U.S. crude oil futures extended their decline for the fourth consecutive session, reaching a two-week low near the $65.00 per barrel mark. Technical Outlook: Intraday price action shows a modest rebound attempt as oil tries to recover from oversold conditions. However, the 50-period Simple Moving Average (SMA) continues to act …

U.S. crude oil futures are attempting to preserve recent gains, in line with the bullish scenario outlined in our previous report. The price is gradually climbing toward the projected target of $70.70, having reached a session high of $70.40 per barrel. Technical Outlook: Current intraday price action is showing mild …

U.S. crude oil futures surged during the previous trading session, aligning with the bullish expectations outlined in our prior report. The price successfully reached the official target at $70.40, marking a session high of $70.48 per barrel. Technical Outlook: Following the recent rally, intraday movements are showing modest pullbacks, likely …