Crude Oil Price Selloff May Resume on EIA Inventory Data
CRUDE OIL & GOLD TALKING POINTS: Crude oil prices paused to digest losses after suffering the longest losing streak on record. The spotlight now turns to EIA inventory flow data,… Read more »
Tag: oil
Oil steadies after worst slump in three years, what’s next?
Oil is finding some reprieve but supply issues aren’t going away just yet Just when you think oil can find some relief from talks of too much supply, the inventory… Read more »
How Much Further Can Oil Drop?
Short term Elliott Wave view on Oil suggests that the decline starting from Oct 3 high ($76.9) remains in progress as a 5 waves impulse Elliott Wave structure. Down from Oct… Read more »
Crude Oil Price Tumbles Below $60.00
15 November, 2018 by Aayush Jindal in Market Analysis Key Highlights Crude oil price extended losses and traded below the key $60.00 support against the US dollar. There was a… Read more »
OIL approaching first test of it’s recovery from 55.00
Oil up +1.94% at 56.80 Oil had a terrible day yesterday with one of the largest drops in a long time. 55.00 was the first bit of relief that Oil… Read more »
EUR Resilient Despite German Slowdown, OPEC Inspires Oil Bounce
MARKET DEVELOPMENT – GBP VOLATILITY CONTINUES, EUR RESILIENT DESPITE GERMAN GDP CONTRACTION GBP: Volatility is here to stay for the Pound with O/n vols via options suggesting break-evens of 148pips,… Read more »
WTI Crude Oil and Natural Gas Forecast
WTI Crude Oil The WTI Crude Oil market has broken down significantly during the trading session after initially gapping on Tuesday. We are now pressuring the $55 level, losing 8%… Read more »
Is oil headed for $50 next?
Oil turns from 4-year highs to plunge into bear market territory in just six weeks ForexLive What a remarkable turnaround for oil over the past month-and-a-half. At the highs in… Read more »
Oil Prices Slip After Plunging 7% Overnight By Investing.com
Investing.com – Oil prices slipped on Wednesday after diving 7% the previous day and suffered their biggest one-day loss in more than three years. declined 0.3% at $55.5 a barrel… Read more »
Brexit Headlines Driving GBP Prices Up, OPEC Sinks Crude Oil Hard
Asia Pacific Market Open – Crude Oil, US Dollar, Brexit, GBP, Australian Dollar, Canadian Dollar Wall Street little changed despite reduced US China trade war fears, culprit seemed to be… Read more »