Tag Archives: Oil

The US and India made progress on price cap talks, according to Wally Adeyemo, the US Deputy Treasury Secretary. India has emerged as one of Russia’s largest oil customers as it snaps up discounted barrels. The comments come after Indian officials have privately expressed reluctance about joining the price cap, …

Mixed trading dominated the US crude oil futures prices during the previous trading session to maintain positive stability, recording a high of $95.72 per barrel. Technically, we notice the negative signs coming from the stochastic that support a bearish bias in the upcoming hours, in addition to the decline of …

US crude oil futures prices managed to achieve the awaited bullish target at 95.70, to record its highest level during the last session’s trading at 95.67. Technically and carefully considering the chart, we find the simple moving averages still support the possibility of a rise, and we find the RSI …

Investors have an eye on digesting the latest US economic data and another eye on the signals that could be contained in Fed Chair Jerome Powell’s speech before Jackson Hole Symposium on Friday. Fed’s annual event will host global economists and policymakers to discuss a variety of topics. Market players …

A spokesperson for Iran’s Foreign Ministry said on Wednesday that Iran has received the United States’ response to the draft agreement proposed by the European Union.The Iranian official has also said Tehran has started assessing the US comments on the draft deal. With the initial market reaction to this headline, …

As we expected, US crude oil futures prices achieved noticeable gains, touching the official target price station during the last analysis at 94.00, recording its highest level of 94.19. Technically, the positive motive from the simple moving averages supports the continuation of the rise, which comes in conjunction with the …

OPEC stands ready to cut output to correct a recent oil price decline driven by poor futures market liquidity and macro-economic fears, ignoring extremely tight physical crude supply, OPEC’s leader Saudi Arabia said on Monday. Saudi state news agency SPA cited Saudi Arabia’s Energy Minister Prince Abdulaziz bin Salman as …

Mixed trading tilted to the positive dominated the US crude oil futures prices yesterday, to witness the current movements return to the bullish track and hovering around its highest level during the early trading of the current session 91.00. Technically, the positive motive for the 50-day simple moving average supports …

Although safe-haven flows dominated the financial markets for the majority of the day on Monday, Wall Street’s main indexes managed to close the day modestly higher.Gold suffered heavy losses and dropped toward $1,770 on Monday. With the 10-year US T-bond yield edging lower during the American trading hours, XAU/USD edged …

US crude oil futures prices achieved the upside, as we expected at the end of last week’s trading, touching the required price station at 92.00, recording its highest level last Friday of $92.08 per barrel. Technically, and with careful consideration on the 4-hour chart, oil prices found strong resistance at …