Noor Trends News, Technical Analysis, Educational Tools and Recommendations
Oil, Crude, trading
Read More »Oil Breaks Through The Resistance
Oil Rebounds for Second Day but Logs Weekly Losses
Oil prices continued to rise on Friday for the second consecutive session, as the recent drop in U.S. crude inventories provided support to the outlook despite uncertainty about the OPEC+ agreement, but couldn’t recover all of its weekly losses. Brent Crude futures for September delivery rose $1.43, or 1.93%, to …
Read More »Mixed Performance of Oil in Light of The Decline in US Stocks And The Lack of an OPEC+ Agreement
Oil prices varied on Friday, July 9, and are still on track to incur a weekly loss, between optimism due to the decline in US inventories, and uncertainty about global supplies due to the impasse currently afflicting OPEC +. Brent crude futures fell only three cents to $74.09 a barrel, …
Read More »Oil Faces Selling Pressure, And Breaking Support Extends Losses
Oil, Crude, trading
Read More »Oil Rebounds Despite Recovery Concerns and Uncertainty
Oil prices rebounded on Thursday, recovering some of its recent huge losses, after data showed a drop in the U.S. crude oil inventories, despite uncertainty about the future of the OPEC+ output cuts. In addition, markets are seeing rising concerns about the pace of economic recovery and resurgence of the …
Read More »U.S. Oil Inventories Down for Seventh Week in Row
Crude oil inventories in the United States declined last week for the seventh consecutive week, according to official data released on Thursday. The U.S. Energy Information Administration (EIA) reported that crude inventories fell by 6.866 million barrels last week. The drop in oil inventories exceeded most market expectations of a …
Read More »Oil Prices Falling as Uncertainty Continues Over OPEC + Decisions
Oil prices continued to plummet, amid uncertainty about the outlook for the OPEC+ agreement and output policies. Major producers are in disagreement about extending the current output cuts, which are gradually being eased, with recent talks about quotas and production levels not leading to a consensus. Brent crude futures for …
Read More »Crude Oil Breaks Support And May Witness a Bearish Corrective Slope
Oil, Crude, trading
Read More »Oil Maintains Losses amid Continued Uncertainty
Oil prices continued to plummet on Wednesday, amid uncertainty about the outlook for the OPEC+ agreement and output policies. Major producers are in disagreement about extending the current output cuts, which are gradually being eased, with recent talks about quotas and production levels not leading to a consensus. Brent crude …
Read More »No OPEC+ Ministerial Meeting Planned This Week – TASS
According to Russian news agency TASS, OPEC+ producers will not be holding a meeting this week to break the impasse in the output strategy. “This week will be difficult. Negotiations are in progress, and there are no signs yet that the meeting will take place this week. The problem remains …
Read More »