Noor Trends News, Technical Analysis, Educational Tools and Recommendations
Oil, Crude, trading
Read More »Oil Awaits The Bullish Scenario
Crude Prices Fall by More Than 1%, But Achieve a Weekly Gain of 9%.
Oil prices fell on Friday (October 9th) by more than 1% after a strike by oil workers ended in Norway, which will raise crude production even though Hurricane Delta forced US energy companies to cut production. Brent futures fell 49 cents, or 1.1%, to settle at $ 42.85 a barrel, …
Read More »Oil Workers Strike Ends in Norway After an Agreement With Companies Over Wages
Negotiators from the oil companies and trade unions in Norway Friday, October 9th, said that officials from the two parties have concluded an agreement on wages, thus ending a strike that had threatened to cut the country’s production of oil and gas by nearly 25% next week. Last Monday saw …
Read More »Oil Heading For a Weekly Gain on Norway’s Supply Cuts
Oil prices retreated, to fall at the end of a week in which it made big gains due to the risk of a possible decrease in supplies from Norway by up to 25% due to a strike by workers in the sector. Before the opening of European markets, Brent crude …
Read More »Oil Bullish Bias After Breaching The Resistance
Oil, Crude, trading
Read More »Oil Prices Resume Gains on Output Disruptions
Oil prices returned to gains due to a number of support factors, led by the output disruptions in North America and Europe. Brent crude futures are up by 2.02%, trading at $42.84 a barrel, while the US West Texas Intermediate (WTI) futures are up by 2% at $40.75 a barrel. …
Read More »Strike in The Norwegian Oil Sector Will Affect 966,000 Barrels Per Day of Oil Equivalent
The Norwegian Oil and Gas Union said Thursday (October 8th) that the current shutdown in production due to the ongoing strike in the oil and gas sector will increase to 966,000 barrels of oil equivalent per day by October 14 unless a solution to the crisis is found for the …
Read More »Oil Prices Rise as a Hurricane Delta Enters The Gulf of Mexico
Oil prices rose Thursday as workers in the oil sector evacuated platforms in the Gulf of Mexico in the United States before Hurricane Delta, but fears of fuel demand continued due to the dissipation of the prospects of a US stimulus agreement and after an increase in US crude stocks. …
Read More »Oil Needs a Stronger Direction
Oil, Crude, trading
Read More »Oil Falls as Crude Stockpiles Rise
Oil prices declined on Wednesday, after official data showed a the first rise in four week in US crude inventories. This also comes after the complications facing a new economic stimulus package. Nonetheless, declines were limited due to recent output disruptions, which helped crude prices finish above session lows. Brent …
Read More »