Tag Archives: Oil

Oil prices rose on Monday, recouping some of their losses on Friday, as investors focused on expectations of tight global supply and a last-minute agreement to avoid a US government shutdown, which restored their risk appetite. By 0037 GMT, Brent crude futures for December rose 18 cents, or 0.2 percent, …

US crude oil futures prices achieved the bearish correction targets published during the previous technical report at 90.45, recording its lowest level at $90.40 per barrel. Technically, oil prices are pressing on the strong support floor 90.40, accompanied by continued negative pressure from the 50-day simple moving average and signs …

The decline in crude oil prices on Friday has sent the Canadian dollar back to recent lows. Market forecasts for the Canadian GDP missed, and economic growth is seen as flat. As the Canadian dollar declines and the US dollar rises, the USD/CANADIAN DOLLAR crosses a new weekly high.On Friday, …

Oil prices are heading to record a weekly gain of about two percent after achieving some increase on Friday, as the impact of strong demand during a holiday in China and continued scarcity in the United States overshadowed expectations of possible increases in supplies from Saudi Arabia. Brent crude futures …

Negative trades dominated the prices of US crude oil futures contracts to reflect the upward trend temporarily as a result of the collision with the psychological barrier resistance level of 95.00, explaining during the previous technical report that sneaking below 93.00 leads oil prices to make some random downward movements …

US crude oil futures prices jumped to achieve strong gains after ending the downward correction referred to in the technical report for this week, returning within a strong upward trend as we expected, exceeding the official target of 93.30, recording its highest level of $95.00 per barrel. Technically, by looking …

Oil prices rose in early trading on Wednesday, as markets focused on tight supplies ahead of winter and a “soft landing” for the US economy. By 0015 GMT, Brent crude futures rose 33 cents, or 0.4 percent, to $94.29 per barrel, while US West Texas Intermediate crude futures rose 31 …

US crude oil futures prices achieved the idea of a corrective decline published during the previous report, touching the first bearish correction target of 88.65, approaching a few points ahead of the second target of 88.00, recording its lowest level at $88.23. Technically, prices witnessed a rapid upward rebound due …

Oil prices fell in early trading on Tuesday amid concerns that fuel demand will be affected by major central banks keeping interest rates high for longer, even as supply is expected to tighten. Brent crude futures fell 87 cents to $92.42 a barrel by 0630 GMT, while US West Texas …

US crude oil futures prices declined during the previous trading session within the expected downward correction, touching the first downward correction target of 89.40, recording its lowest level of 89.08. Technically, by looking at the 4-hour time frame chart, we find that the simple moving averages have returned to pressure …