Tag Archives: Oil

Oil prices rose about 1 percent on Friday, extending gains from the previous session, after data showed a decline in fuel stocks in the wake of the winter storm that swept the United States at the end of last year. And by 0203 GMT, Brent crude futures rose 79 cents, …

Mixed trading tended to limited positivity, dominating the prices of US crude oil futures contracts, trying to compensate for part of its losses, recording a high of 74.88. Technically, upon closer look at the chart, the simple moving averages continue to exert negative pressure on the price from above. Still, …

As we expected during the previous technical report, big losses were incurred by the prices of US crude oil futures contracts, touching the official target to be achieved at 73.40, recording its lowest trading for yesterday’s session at 72.80. Technically, with the continuation of the negative pressure coming from the …

Mixed movements tending to be negative dominated the prices of US crude oil futures contracts after it found a strong resistance level around the target to be achieved of 81.25, to record its highest level at 81.41 and start forming a solid negative attack. As a reminder, the previous technical …

Crude oil prices moved in a narrow range on Tuesday, as expectations about the future of demand were affected by a weekly survey that showed shrinking factory activity in China and the International Monetary Fund’s warning that the global economy will face a difficult year. Brent crude futures recovered from …

Positive attempts for US crude oil futures prices within the expected bullish path to touch the first target mentioned in the previous technical report, at 80.50, recording its highest level of $80.67 per barrel. Technically, by looking at the 4-hour chart, the simple moving averages support the possibility of an …

Though commodities have been the best-performing asset class for two years, according to Bank of America, experts have warned of market volatility as trading volumes of gold, oil, silver and copper have surged Retail investors are attracted to commodity trading after two consecutive years of plentiful returns, despite concerns that …

China has announced an extension of trading hours for foreigners on the yuan with the aim of supporting the currency’s popularity. Trading on the yuan will close at 3 am local time instead of 11:30 pm, starting on January 3, according to the People’s Bank of China. This decision comes …

Oil prices rose on Friday and were on course for the second year in a row, albeit small, in a year marked by tight supplies due to conflict in Ukraine, a strong dollar and weak demand from China, the world’s biggest crude importer. Brent crude futures were up 44 cents, …

Oil prices fell by more than one dollar on Thursday, as more countries ponder new restrictions on flight passengers coming from Chinese airports. This news is raising concerns over demand during a prevalent state of uncertainty about COVID-19 infections spreading in China.Conflicting headlines about demand from top oil importer China …