Tag Archives: Oil

Divergent movements still dominate the prices of US crude oil futures contracts amid conflicting data about the energy markets, reaching its highest level during the previous session’s trading of $86.00 per barrel. Technically, the 50-day simple moving average is still an obstacle in front of the price, and the bearish …

A downward trend dominated the movements of US crude oil futures prices after it gave up its recent gains that it achieved during last Thursday’s trading session to record as low as $83.17 per barrel. The technical outlook today tends to the negative, relying on the stability of daily trading …

The United Kingdom seized most of investors and traders’ attention. During London trading hours, the Financial Times suggested the Bank of England could delay the start of the quantitative tightening bond-selling program, sending the Pound up and adding pressure on the US dollar.However, the BOE quickly denied the news headline, …

Negative trading dominated the performance of US crude oil yesterday, within the expected bearish path, approaching by a few points from the published target of 84.40, recording its lowest level at 84.60. Technically, we notice that the simple moving averages continue to support the bearish scenario and the bearish technical …

US crude oil futures prices declined, nullifying the expected bullish context during the last analysis, in which we depended on the stability of daily trading above 86.65. Technically, and by looking at the 240-minute chart, we find the stability of the intraday trading below 87.00 that supports the decline, in …

US stocks fell on Friday, as rising inflation expectations kept alive fears that the path of aggressive Federal Reserve interest rate hikes could lead to a recession. In the final session of a volatile week, stocks opened higher before changing course after data from the University of Michigan showed consumer …

Oil prices compensated for losses incurred earlier in the session and rose in Asian transactions on Friday, supported by the weakness of the dollar and the decline in US fuel stocks. At the same time, a row continues between Saudi Arabia and the United States over plans by the OPEC …

US crude oil futures prices showed positive trading after it took advantage of the consolidation above the support floor of 98.65, which ended its trading today above it. On the technical side, we tend in our trading to the positivity, relying on the positive signals coming from the RSI and …

Oil prices fell for the third consecutive session on Wednesday as the dollar strengthened and investors prepared to receive US inflation data amid concerns about fuel demand raised by the risks of a global recession and the tightening of Covid-19 restrictions in China. By 0410 GMT, Brent crude futures fell …

Oil prices fell more than 2% on Tuesday, extending losses of about 2% also in the previous session, as fears of a global recession and an increase in Corona virus infections in China exacerbated concerns about slowing global demand. World Bank President David Malpass and International Monetary Fund Managing Director …