Crude Oil Technical Analysis – We are back inside the old range
Fundamental Overview Crude oil eventually fell below the key 72.00 support zone and kept the bearish trend intact. The bulls will now need to see...
Tag : Crude
Chart Art: Another Pullback on WTI Crude Oil (USOIL)?
WTI crude oil continues to cruise inside its channel on the short-term time frame, and it looks like another correction is in the works. Is...
Crude Oil Weekly Forecast – 0/02: Bearish Momentum (Chart)
Created on February 09, 2025 WTI Crude Oil continues to see a bearish trend take hold in the commodity. After flirting with highs in the...
Crude oil futures settled at $71 a barrel
Crude oil futures settled $71 a barrel, up $0.39 or 0.55%. For the week, the price of crude oil has moved down -2.12% This article...
WTI crude oil falls to the lowest levels since December
Oil started US trading higher after Saudi Arabia raised prices on its barrels but talk of peace in Ukraine and Trump touting lower oil prices...
US crude oil futures settled at $71.03
US crude oil futures are settling at $71.03. That is down $1.67 or -2.3% Looking at the hourly chart, the price on MOnday, extended above...
U.S. Crude Oil Inventories Surge Much More Than Expected
The Energy Information Administration released a report on Wednesday showing U.S. crude oil inventories shot up by much more than expected in the week ended...
EIA weekly crude oil inventories +8664K vs +1962K expected
Prior was 3464K Gasoline +2233K vs +525K expected Distillates -5471K vs -1483K expected Production 13.478 mbpd These are bearish numbers for energy, even compared to...
Oil – private survey of inventory shows a headline crude oil build larger than expected
more to come — Expectations I had seen centred on: Headline crude +2 mn barrels Distillates -1.5 mn bbls Gasoline +0.5 mn — This data...
Crude Oil Technical Analysis – We are testing a key support zone
Fundamental Overview The bearish momentum waned recently as the price reached the key support zone around the 72.00 handle. We’ve got some spikes here and...