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Crude Oil

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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.

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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?

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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.

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May 3, 2024 01:11 PM

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Energy

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

Energy

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.

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May 2, 2024 05:02 AM
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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

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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

Energy

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.

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April 28, 2024 03:00 PM
Oil drilling in sea

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.

Energy

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.

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April 19, 2024 04:35 AM
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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.

Energy

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.

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April 17, 2024 04:02 AM
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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.

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April 10, 2024 07:07 AM
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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.

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April 8, 2024 03:33 AM
Energy

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.

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April 4, 2024 06:32 AM
Energy

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.

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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.

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March 18, 2024 04:00 PM

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Oil refinery

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.

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March 18, 2024 06:10 AM
Energy

Crude oil analysis: WTI breaks $80 barrier

Factors supporting oil price include optimism over China, bullish forecast from IEA and general strength in commodities.

Research

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

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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.

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March 4, 2024 03:30 PM
Energy

WTI crude oil bulls eye a break to $80

WTI crude oil has managed to rise mostly as a function of short covering. And whilst it looks set to make a break for $80, a fresh catalyst may be required before we should expect runaway gains.

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February 28, 2024 12:00 AM
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WTI Crude Oil Forecast: Rejected at Resistance but Bullish Structure Remains

Oil prices have been very range-bound over the past few months but breakout potential remains as WTI has built an ascending triangle inside of the recent range.