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Oil, Crude, trading
Read More »Oil is Losing Momentum
Oil Falls Marginally Amid Fears of New Closings in China
Oil prices fell marginally during today’s session, amid anticipation of the OPEC+ meeting next Thursday, as well as the US Federal Reserve meeting, which will reveal a lot about inflation expectations and economic recovery, which in turn will affect demand. Brent crude futures for January 2022 delivery scored about $84.33 …
Read More »Oil Building on Support
Oil, Crude, trading
Read More »Oil is Witnessing Negative Pressure
Oil, Crude, trading
Read More »Market Drivers – U. S. Session 29-10-2021
Fresh attacks and partisan row are ahead for U. S. economy as Republicans lawmakers and strategists are capitalizing on news that the economy expanded at a weak pace in Q3 to criticize Biden and Democrats, accusing them of unskilled recovery tactics from the pandemic recession. The U. S. Dollar Index …
Read More »U.S. drillers add oil gas rigs for 15 successive months
U.S. energy firms added oil and natural gas rigs for a 15 successive months in October as oil prices soared to fresh highs, prompting some drillers to return to the drilling sites.The oil and gas rig count, an early indicator of future output, rose two to 544 in the week …
Read More »Reuters: OPEC+ Cuts Its Forecast For Oil Demand Growth in 2021
Reuters quoted two sources as saying that the OPEC+ Joint Technical Committee reduced its estimates for the growth of global oil demand this year to 5.7 million barrels per day from 5.8 million, amid the continued strong recovery of consumption since its collapse in 2020. One of the sources said …
Read More »Crude Oil Tends to be Negative
Oil, Crude, trading
Read More »Crude Oil Fell by 1% Post Data
Oil, Crude, trading
Read More »Oil is Looking For Confirmations
Oil, Crude, trading
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