Crude Oil
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Crude oil analysis: Have oil prices formed a low?
WTI formed a bullish signal Wednesday after the DoE reported a drop in stockpiles, while the uptick in refinery utilization rate was welcome news ahead of the US driving season. Meanwhile, oil prices may also be closer to bottom as investors have now mostly priced out the risk of a wider conflict in the Middle East.
Shorting crude oil could be getting ‘long’ in the tooth
Oil bears have been busy over the past few weeks helping to send crude oil prices over 12% lower since the April highs. Yet recent price action suggests it could be set for a bounce.
Crude oil analysis: Could oil prices stage a recovery?
Our crude oil analysis suggests prices may bounce back after having fallen sharply in recent weeks amid waning risks of supply disruptions in the Middle East.
Crude Oil Price Forecast: WTI Volatility Drops
Crude Oil price forecasts lean towards bullish sentiment as volatility drops towards decade lows. Is this the calm before the storm?
Crude oil analysis: Brent aims to find a low after sharp drop
War risk premium fades but OPEC+ cuts and reduced fears about Eurozone economy keep oil prices supported. Brent oil technical analysis suggest prices are now at key support zone.
Crude Oil Analysis: USOIL and Saudi Aramco Base Oil Test Significant Lows
WTI Crude Oil prices are on edge as anticipation mounts ahead of June's pivotal OPEC meeting
WTI crude oil forecast: Key moment looms with bullish uptrend under threat
WTI crude was looking suspect even before Wednesday’s significant swoon, leaving the price teetering on key uptrend support dating back to the Fed’s rate cut pivot in December. Should it give way, there’s not standing between a larger flush to the mid-$70 per barrel region.
WTI Crude Oil Charts: Oil Demand vs FOMC Statement
WTI Crude Oil takes a dive as market anticipations steer the wheel towards lower demand expectations
U.S. Crude Oil Outlook: WTI Oil Market Trends Amid Fed Rate Decisions and PMI Results
WTI Crude Oil Outlook: From pipelines to policies, mapping Crude Oil market trends amid Fed rate decisions, employment indicators, and PMI results
Crude oil analysis: WTI on course to finish higher for fourth month
Crude oil investors eye clues about demand outlook ahead of busy week, as OPEC+ cuts and reduced fears about Eurozone economy keep oil prices supported. WTI technical analysis suggests trend is still bullish.
Crude oil outlook remains positive despite reduced war risk
Crude oil demand outlook will come into a sharp focus this week with the release of the global manufacturing PMI data, US GDP and the Fed’s preferred measure of inflation this week. Still, Middle East tensions remain the key driver of short-term price action. Meanwhile, WTI technical analysis suggests the longer-term trend is still bullish.
Crude oil spikes on reports of Israeli airstrike, gold threatens new high
WTI crude oil was up over 4% during the Asian session on reports that Israel’s middles had struck a site in Iran, further fans fears of a broader-scaled war in the middle East.
Crude oil analysis: WTI drops amid demand concerns
Middle East concerns should keep the downside limited for crude oil, after prices slid 3% as demand concerns intensified on weaker Chinese industrial data and amid the prospects of higher interest rates for longer. WTI technical analysis suggests the longer-term trend remains bullish, with the first short-term support level to watch coming in around $82 area.
WTI crude oil forecast: Price action unconvincing despite strong tailwinds, fat tail risks
Crude oil appears toppy after a mammoth rally since February, unable to push higher despite some seriously strong tailwinds stemming from geopolitics, supply curbs and ongoing strength in the US economy.
EUR/USD, USD/CHF, Crude Oil key levels heading into US inflation, FOMC mins
The economic calendar is beginning to ramp up with a key US inflation report, Fed members speaking ahead of the FOMC minutes and a BOC cash rate decision. Today we look at key levels for EUR/USD, USD/CHF and crude oil.
Crude oil, gold pullbacks unlikely to last long with inflation expectations so elevated
It’s not just fundamentals and technicals driving the rally across large parts of the commodity complex right now, but also a collective rethink from traders about what more than 250 basis points worth of rate cuts from the Federal Reserve this cycle will mean for the long-term global inflation trajectory.
Crude oil forecast: Bullish golden cross looms as WTI hits 2024 highs
The crude oil rally has seen the 50-day moving average flick sharply higher, putting it on track to generate a Golden Cross as it moves above the 200-day moving average. History suggests this may fuel further gains despite the price sitting in overbought territory.
Crude oil analysis: WTI steady ahead of inventories data
Crude oil looks set to end March and the first quarter higher. Oil prices have been buoyed by easing demand concerns and sustained supply cuts by the OPEC+. Meanwhile WTI technical analysis points higher, for as long as $79-$80 support area holds.
Crude oil analysis Strong Chinese demand fuels rally
Crude oil analysis: China set to import record volumes of Russian oil in March, as oil extends weekly breakout ahead of a busy week for financial markets.
Crude oil consolidates bullish break, gold heavy after record run
How many rate cuts the Federal Reserve signals for 2024 could have an outsized impact on how commodities such as crude oil and gold perform longer-term.
Crude oil analysis: WTI breaks $80 barrier
Factors supporting oil price include optimism over China, bullish forecast from IEA and general strength in commodities.
Crude oil outlook: WTI briefly rises above $80
Crude oil outlook boosted from multiple sources today, including a weaker US dollar, a bigger than expected crude product draw, and positive risk sentiment after China set ambitious growth target
Crude oil analysis: WTI looks poised to extend gains despite weak start
What does OPEC’s decision mean for oil prices is discussed in this article. We also take a look at the WTI chart, with technical analysis pointing higher. But bullish momentum needs to resume and fast.