Tag Archives: Oil

Oil prices rose on Thursday for the fourth consecutive day as inventories of crude, heating oil and jet fuel grew tighter in the United States as a winter storm swept the country and travel was set to pick up for the holiday season. And by 0422 GMT, Brent crude futures …

Oil prices were little changed on Wednesday, as concerns about rising COVID-19 cases in China, the world’s largest oil importer, were offset by a larger-than-expected draw in US crude inventories. Brent crude futures rose seven cents, or 0.1 percent, to $80.06 a barrel by 0404 GMT, while US West Texas …

The United States has become a global exporter of crude oil over the past few years, but its exports have never exceeded its imports since World War II. This may change next year. US crude oil sales to other countries are now at a record 3.4 million bpd, with exports …

Oil prices rose in early trading on Tuesday, supported by a weaker dollar and the United States’ plan to rebuild its strategic reserves, but gains were limited by uncertainty over the impact of rising COVID-19 cases in China, the world’s largest oil importer. Brent crude futures rose 61 cents, or …

Oil prices surged on Monday on optimistic expectations and hopes for China’s economy after news speaking about relaxing COVID-19 restrictions. But, fears of a global recession would weigh on energy demand and therefore oil’s gains are limited.China is experiencing its first of three expected waves of COVID-19 cases after Beijing …

Crude prices edged lower on accelerating fears linked to global recession risks after another wave of central banks’ decisions regarding quantitative tightening. This is why oil’s latest rally faded as risk aversion grows wilder.The stronger US dollar makes oil more expensive for those using other currencies. Oil prices slid about …

US crude oil futures prices achieved the bullish target that should be touched during the previous report at 77.40, recording a high of 77.72. Technically, by looking at the 240-minute chart, we find that the simple moving averages are still holding the price from below, and support the possibility of …

crude oil futures prices achived strong gains within the expected bullish path during the previous analysis, touching the retest target 75.30, surpassing the required target, and recording a high of 76.35. On the technical side today, and with a closer look at the 4-hour chart, we find that stochastic started …

US crude oil futures prices jumped to achieve the required intraday rise during the previous analysis within retesting 72.50, to reverse the expected bearish trend yesterday, recording a high of 74.20 during the early trading of the current session. On the technical side today, the simple moving averages are still …

In an interview on Dubai TV, Monday, Mohamed Hashad, Head of Research and Development at Noor Capital and member of the American Association of Technical Analysts, commented on the most important developments in global financial markets on the first day of trading during this week, most notably the Federal Reserve’s …