Tag Archives: Oil

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 …

Oil prices rose on Monday as investors focused on expectations of tighter supplies after Moscow issued a temporary ban on fuel exports amid continuing concerns that another interest rate hike could dampen demand. Brent crude futures increased 69 cents, or 0.7 percent, to $93.96 a barrel by 0646 GMT, after …

A gradual rise in the prices of US crude oil futures contracts within the bullish context was expected during the previous technical analysis, approaching by a few points from the published target of 91.40, recording its highest level of $91.30 per barrel. Technically, with a closer look at the 4-hour …

The first interest rate cut in the USA is now expected in July 2024, pushed out from the June rate cut priced in before. The Fed’s updated economic outlook shows that the US economy has held up better than expected, with a modest cooling to 1.5% annual growth in 2024 …

Mixed trading dominated the prices of US crude oil futures contracts, moving in both upward and downward directions, approaching by a few points the first target published in the previous technical report, 88.20, recording its highest level of 88.40. Technically, by looking at the 4-hour chart, oil has achieved some …

Negative trades dominated the prices of US crude oil futures contracts during the previous trading session within a bearish context, gradually approaching the first target to be achieved at the price of 88.55, only to record its lowest level at $88.90 per barrel. Technically, with a closer look at the …

Oil prices fell, becoming further away from their highest levels in ten months on Wednesday, ahead of the announcement of the Federal Reserve’s decision on the interest rate, amid a state of uncertainty among investors about when interest rates will reach their peak and the extent of this impact on …

US crude oil futures prices reflected the expected bullish trend during the previous report, touching the stop loss order published at 91.30. As a reminder, we indicated that breaking the aforementioned level postpones the proposed bullish scenario, and we may witness a simple bearish correction aimed at retesting 90.20, recording …

US crude oil futures prices rose within the expected positive outlook, achieving gains towards the first expected target of 92.20, recording its highest level of $92.50 per barrel. Technically, we tend to be positive in our trading, relying on the price continuing to receive a positive stimulus from the simple …

Oil prices rose on Monday, supported by expectations of a widening supply deficit in the fourth quarter of the year after Saudi Arabia and Russia extended production cuts, in addition to optimism about the recovery of demand in China, the largest global importer of crude. By 0027 GMT, Brent crude …