Crude Oil
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Crude Oil Week Ahead: OPEC Meeting, Key US Data, and Key Levels
Crude Oil Week Ahead: Crude oil faces volatility risks ahead of the OPEC meeting, now rescheduled for Wednesday to accommodate all members and avoid a clash with the Gulf Summit. Sideways price movements persist, leaning towards a bearish bias for 2025.
Oil Price Forecast: Oil Bears Reassert Control– Crude Support in View
Oil prices reversed from yearly open resistance this week with the bears aiming back towards multi-month range lows. A multi-timeframe view of the oil technical charts.
Crude Oil, GBPJPY Forecast: Ceasefire Potential, Trump Tariffs, and Inflation Rates
Crude Oil, GBPJPY Forecast: The lingering effects of Trump-era policies continue to shape broader market trends. Expectations of war resolutions are pressuring oil prices into a neutral stance, while tariff policies are fueling volatility across the US dollar rally.
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WTI Forecast: Israel-Lebanon Ceasefire Drives Crude Oil Back Toward $69
How could a potential Israel-Lebanon ceasefire impact oil prices and what are the key levels to watch?
Crude Oil Week Ahead: Upside Risk and Wars vs Sunday's OPEC Meeting
Crude Oil Week Ahead: Crude oil’s 4-year support level has amplified its importance as supply disruption risks rise again amid the Russia-Ukraine conflict. Meanwhile, OPEC’s upcoming meeting on Sunday could reshape production quotas and influence market dynamics.
Market Wrap: Bitcoin Nears $100K, Gold and Crude Oil Stay Bullish
Welcome to Friday! Bitcoin inches closer to $100K, with spot and futures markets hitting record highs. Gold breaks above its 50DMA, bolstering bullish picture, while crude oil builds momentum despite lighter volumes. ASX 200 futures remain a buy-on-dips play, edging closer to record highs. EUR/USD stays under pressure, hitting fresh 2024 lows.
Crude oil outlook remains bearish despite 3% rally
Given the rise in non-OPEC supply growth, the OPEC+ will be under pressure to support prices. But the group has said that it will gradually restore withheld supplies after multiple delays. What’s more, we could see a sharp rise in US drilling activity under Trump’s plans. As a result, we could potentially see a boost in both OPEC and non-OPEC production by 2025 and beyond.
Crude Oil Week Ahead: 4-year Support, G-20 Meeting, Flash PMIs
Crude Oil Week Ahead: Crude oil prices face mounting pressures between clean energy transitions, geopolitical risks, and surplus concerns for 2025. Prices are now testing a critical 4-year support zone, challenging the continuation of the broader downtrend.
Crude oil forecast: WTI could drop below $65 amid rising supply
Crude oil prices came off their earlier lows by mid-day in London. But the path of least resistance remains to the downside, and I would be rather surprised if a breakdown does not occur in the coming days, barring a surprise supply-side shock.
Oil Price Forecast: Crude Oil Spills Back into Support
Oil prices plunged more than 8% off the monthly high with WTI approaching critical support near the yearly lows. A multi-timeframe view of the Oil technical charts.
Crude Oil Analysis: Upside Risks for 2024, Downside Risks for 2025
Crude Oil Analysis: As China’s deflationary pressures deepen, OPEC cuts its oil forecasts further, and Trump’s energy agenda looms on the horizon, 2024’s geopolitical risks are set against bearish expectations for 2025.
Crude oil outlook: WTI could be heading sub-$65
Highlighting demand concerns, the OPEC has today cut its oil demand growth forecast again. This is the fourth month in a row that it has done so. Weak oil demand in China, the world’s largest oil consumer, remains the primary driver of falling prices.
Crude Oil Week Ahead: OPEC Report, Chinese Data, and US CPI
Crude Oil Week Ahead: With volatility still restrained post-US election and FOMC week, crude oil markets remain poised for a potential breakout as key events from OPEC, the IEA, and economic data from China and the US are on the horizon. The longer the price remains within this tight range, the more significant any upcoming breakout may be.
Crude oil forecast: Increased drilling under Trump could weigh on prices
The immediate response in the commodities space to the Republican’s clean sweep victory has been a bearish one - especially for industrial metals. Copper and silver fell over 4% each, tracking weaker iron ore prices, while gold was off by around 3%. Crude prices fell too but came sharply off their earlier lows.
Gold, Oil Outlook: US Elections, FOMC, and Possible Domino Effects
Gold, Oil Outlook: Following a period of geopolitical and USD-related uncertainty, gold’s uptrend has stalled below $2,800, while oil remains in a tight consolidation below $72. Markets are calm and appear poised for a potential spark.
USD/JPY, gold, and crude oil forecast: election day set to unleash major market moves
With the US election on the horizon, uncertainty looms over key markets like USD/JPY, gold, and crude oil. Discover how potential political outcomes could trigger explosive volatility and reshape trading strategies in the days ahead.
Crude Oil Week Ahead: US Elections, FOMC, and Geopolitical Tensions
Crude Oil Week Ahead: In the coming week, crude oil markets face heightened volatility risks due to a closely contested US election on Tuesday, uncertain FOMC meeting on Thursday, and persistent geopolitical conflicts.
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Crude Oil Forecast: Will the 2021 Support Hold Amid Global Shifts?
Crude Oil Forecast: The December 2021 support level remains a key factor amid shifting data on US inventories, Middle East conflicts and ceasefire hopes, economic indicators, and supply quotas. Will it hold through 2024?
Crude Oil Forecast: Oil Erases October Rally- Key Support in View
Oil prices plunged nearly 15% off the monthly high with WTI now approaching key technical support at the yearly lows. A multi-timeframe view of the Oil technical charts.
Oil, DAX Forecast: Two trades to watch
Oil slumps 5% as the geopolitical risk premium falls. DAX rises ahead of a key week for global risk events.
Crude oil plunge provides invitation for traders to close the opening gap
Israel’s weekend retaliation against Iran was in line with media reports earlier this month, avoiding a provocative attack that could have escalated the conflict further. Given the lack of surprise, there may be a temptation among traders to close the opening gap created by the headlines.
Crude Oil Week Ahead: Ceasefire Uncertainty
Crude Oil Week Ahead: Crude oil prices gained 4% last week, closing near $71.70 as escalating strikes in the Middle East fueled uncertainty around a potential ceasefire or further retaliatory actions. With strong upside risk, oil prices are expected to navigate a busy week packed with key events related to employment and economic growth indicators.
Crude Oil Analysis: Upside Risk Persists
Crude Oil Outlook: In October 2024, open interest on Brent oil options surged to a record high as markets hedge against supply concerns stemming from the Middle East, the region that holds nearly 55% of global oil reserves.