OPEC

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.

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 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 Week Ahead: the crude oil market is expected to remain volatile this week with the Chinese economic stimulus, shifts in US monetary policy expectations, and supply concerns between hurricanes and geopolitical tensions. This will coincide with the release of OPEC and IEA Oil monthly reports and 2024-2025 forecasts.

Crude Oil Weekly Outlook: Oil prices face uncertainty as OPEC's potential December output hike awaits support in Wednesday's meeting. Meanwhile, escalating Middle East tensions and political assassinations heighten concerns of a regional conflict.

Crude Oil, USDJPY Analysis: Crude oil is approaching the crucial $65 level after OPEC’s downward revision of its 2024-2025 demand outlook, while USDJPY faces pressure at the 140-mark due to the potential divergence in monetary policies between the Fed and BOJ.

Crude Oil Outlook: Oil stands at critical levels as we enter the second week of September, poised to face additional headwinds with the upcoming OPEC monthly report, EIA short-term energy outlook, Chinese economic data, and US inflation data.

Crude Oil Update: Bearish pressures have driven oil prices back below the $70 barrier, erasing 2024 gains. This drop follows weaker-than-expected Manufacturing PMI results from China and the US, coupled with the risk of increased output. Will there be another intervention?

Crude Oil Analysis: supply and demand metrics lie at a critical juncture with OPEC meeting expectations leaning towards an unchanged policy

WTI Crude Oil prices are on edge as anticipation mounts ahead of June's pivotal OPEC meeting

After last week’s hammer candle, today’s upside follow through would appease the bulls. Crude oil prices turned sharply higher after BP paused all Red Sea oil shipments following the rebel attacks. WTI has likely formed a bottom after bouncing from its 200-week average last week.

The tail risks of a failure for OPEC+ to reach an agreement is on the rise, presenting an underappreciated potential for even more volatility in the crude oil market...

But with fundamentals underpinning the rally, near-term weakness will provide an opportunity to add or establish fresh longs.

Crude oil looks set to resume its battle with sellers parked around the $84 per barrel level.

While I am waiting for a technical reversal signal for confirmation, fundamentally my crude oil outlook is bullish.

The OPEC+ decision means nearly 1.7 million barrels of oil per day will be held back from global supply. This should help to keep the WTI forecast supported.

I imagine quite a few central bankers and politicians will be rolling their eyes or shaking their fists OPEC's way, as the surprise oil production cut adds inflationary pressures back into the mix.