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Oil, Crude, trading
Read More »Oil Repeats Chances to The Upside
Oil Sees Worst Losses in 10 Months
Oil prices declined on Tuesday, amid increases selling pressures, to end the month with the worst losses since last October. Brent futures for October delivery finished lower by 42 cents or 0.57% at $72.99 per barrel. For the month, Brent futures lost $3.34 per barrel or 4.38% in its worst …
Read More »Crude Oil Continues to Attack The Resistance
Oil, Crude, trading
Read More »OPEC+ to Maintain Output Policy
It is expected that the upcoming meeting for the Organization of the Petroleum Exporting Countries (OPEC) and its allies will decide on Wednesday to maintain the current output policy, which entails easing production cuts gradually, amid a global recovery from the pandemic. The OPEC+ previously decided to increase production by …
Read More »Oil Finishes Higher Ahead of OPEC Meeting
Oil prices closed higher on Monday, with markets anticipating the results of the upcoming OPEC+ meeting, which will likely result in maintaining the current gradual approach in easing output curbs. Crude prices increased after Hurricane Ida led to the shut down of most refineries in the Gulf Coast. Brent crude …
Read More »Crude Oil Continues to Gain
Oil, Crude, trading
Read More »Oil Gains Halts Due to Increase in Covid-19 And Return of Mexican Supplies
Oil settled lower on Thursday, August 26, halting a three-day streak of gains amid renewed demand concerns due to rising coronavirus cases and with Mexico restoring some production after a fire disrupted supplies. The losses were limited due to the possibility of further disruptions to the supply side. Energy companies …
Read More »Crude Oil Breaks Through a Pivotal Resistance
Oil, Crude, trading
Read More »Oil Scores Third Consecutive Rise for First Time in August After U.S. Inventory Draw
Oil prices closed higher on Wednesday, maintaining a rising trend for the third consecutive session, supported by the drop in American crude inventories last week, despite it being below market expectations. The United States Energy Information Administration (EIA) reported that crude inventories decreased by three million barrels in the week …
Read More »U.S. Oil Inventories Down 3M Barrels in Week: EIA
Crude oil inventories in the United States declined by three million barrels last week, according to official figures released on Wednesday by the U.S. Energy Information Administration (EIA). The decline, which exceeded market expectations, brought oil supplies to 432.6 million barrels, nearly 6% below the five-year average. In the week …
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