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Tag Archives: Oil

What could key assets expect in the new year?

Financial markets are poised for a challenging 2025, navigating corporate transformations, geopolitical uncertainties, and economic resilience. Key factors like government policies, market dynamics, and global events will significantly impact major sectors including oil, gold, the US dollar, and cryptocurrencies.The US election outcome could trigger a long-term economic upswing, driven by …

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Oil Markets Stumble as Supply Concerns Overshadow Demand Hopes

Oil prices retreated this week, unable to sustain the momentum from the previous day’s rally. A confluence of factors, including a downward revision to global oil demand forecasts by OPEC, a strengthening US Dollar, and ample supply prospects, weighed on market sentiment. The Organization of the Petroleum Exporting Countries (OPEC) …

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Oil extends gains 12/12/2024

US crude oil futures experienced significant upward momentum, breaking the pivotal resistance level of $68.60 to achieve the anticipated targets from the previous session, reaching $70.50 per barrel. Technical Analysis A closer examination of the 4-hour chart reveals: Support Levels: The price currently holds above minor support at $69.60, with …

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