Tag Archives: Oil

Gold prices rose today, Thursday, supported by the decline in the dollar, while investors await US inflation data that may affect the path of the Federal Reserve (US Central Bank) regarding interest rates. And gold in spot transactions increased 0.4% to 1883 dollars an ounce, and US gold futures rose …

Positive trades dominated the prices of US crude oil futures contracts, invalidating the official bearish scenario as we expected after it managed to build on stability above the support level of 74.30 and after succeeding in breaching the resistance of 75.60, explaining that the rise above 75.60 can thwart the …

The US Dollar Index has displayed negative performance for the second consecutive day around seven-month low. Dovish comments from Fed officials as well as mixed US data are among factors that do renew hopes for slowing down the pace of rate hiking and this tendency could hamper the DXY. Risk-on …

Commodity prices, particularly crude oil, are expected to corelate will China’s reopening after Lunar New Year celebrations later in January, according to Goldman Sachs Group Inc.“What is the best reopening play? It is oil,” Jeff Currie, the bank’s global head of commodities research said in a Bloomberg Television interview on …

Oil prices rose slightly on Wednesday, amid an unexpected increase in US crude and fuel inventories, global economic uncertainty and China’s reopening of its economy. Brent crude futures rose 53 cents, or 0.7 percent, to $80.63 a barrel by 0921 GMT. US West Texas Intermediate crude futures rose 41 cents, …

Oil prices fell on Wednesday, giving up gains from the previous session, after sector data revealed an unexpected increase in US crude and fuel inventories, which raised concerns about fuel demand. West Texas Intermediate crude futures fell 59 cents, or 0.8 percent, to $74.53 a barrel by 0134 GMT, while …

Mixed movements are still controlling the prices of US crude oil futures contracts to move in both the bearish and bullish paths without getting a solid directional signal. The technical outlook remains unchanged, with oil’s stability moving below 75.60. We find the 50-day simple moving average, continuing the negative pressure …

WTI crude oil rose for a fourth-straight session, on Tuesday. WTI price is boosted by optimism due to the reopening of China’s borders. The Federal Reserve is expected to finetune the pace of future rate hiking in the light of Thursday’s reading of Consumer Price Index, in focus. The US …

US crude oil futures prices reversed the expected bearish trend mentioned in the previous analysis, in which we relied on trading stability at the time of writing the report below the resistance level of 75.60, explaining that if the level mentioned above is breached, oil prices may recover with the …

Oil prices rose on Monday, a day after an influx of travellers into China following the reopening of borders raised expectations for fuel demand and partially offset fears of a global recession. Brent crude futures rose 90 cents, or 1.2 percent, to $79.47 a barrel by 0520 GMT, while US …