Weekly crude oil inventory build of 4.633M vs estimate 3.144M
Crude oil 4.633M vs estimate of 3.144M. Gasoline -0.151M vs estimate of -0.006M Distillates -2.051M vs -1.634M estimate Cushing _1.472M vs a gain of 0.872M...
Tag : Oil
Brent Oil Price Forecast: Supply Concerns and Technical Analysis
Supply concerns are supporting Brent crude oil prices. OPEC+’s decision on whether to maintain or adjust oil supply cuts beyond April is uncertain, with factors...
Oil – private survey of inventory shows a larger headline crude oil build than expected
more to come — Expectations I had seen centred on: Headline crude +2.2 mn barrels Distillates -3.5 mn bbls Gasoline +0.8 mn — This data...
Long yields, U.S. dollar and oil
There’s a new scorecard by which to measure President Donald Trump ‘s economic prowess, according to Gavekal Research. Roughly one month into Trump’s return to...
CAD Slipped on Headline CPI but Rebounded on Oil and Core Inflation
Canadian inflation ticked higher in January, but core pressures stole the spotlight on Tuesday. Headline CPI edged up 0.1% on the month, pushing the annual...
Chart Art: WTI Crude Oil (USOIL) Approaching Wedge Resistance
WTI crude oil has been on a bullish run so far this week, but are the rallies about to hit a roadblock soon? Or is...
Trump said he may not let Venezuela export oil, petroleum products, via firms like Chevron
Trump said he may not let Venezuela export oil and petroleum products via companies like Chevron “We’re looking at that now” Less oil (like cutting...
OPEC+ reportedly mulling pushing back oil supply increases that are due in April
That won’t make Trump too happy as he wants lower oil prices. The report says that the bloc is viewing that the oil market remains...
Crude Oil Weekly Forecast – 16/02: Lower Prices (Chart)
Created on February 16, 2025 WTI Crude Oil day traders looking for a sustained trend downwards did not have an easy time last week. Yes,...
Citi project Brent crude oil prices to average between $60 and $65 during second half 2025
Citi Research on how a resolution to the Russia-Ukraine conflict could influence global oil markets. The firm indicates that shorter oil tanker routes following a...