Crude Oil Technical Forecast 3Q-2020: Range Potential in Focus
CRUDE OIL PRICE OUTLOOK 3Q-2020: CHARTS TO WATCH AMID SECOND WAVE RISK Crude oil technical outlook is downgraded to neutral headed into the second half of the year with a… Read more »
Tag: oil
Oil Futures and US Stocks Recovered After Positive Data
Despite oil prices doubling since April, some analysts expect some companies from the US energy industry to go bankrupt, as some of them were struggling before the Covid-19 outbreak. Oil… Read more »
Crude oil inventories -7195K vs. -500K estimate
Crude oil inventories -7195K vs. -500K estimate Coming Up! Title text for next article LON +1 SDNY+10 NY -4 TYO +9 GMT Weekly… Read more »
Oil Markets Give Up Gains, US Stocks Closes Best Quarter
Yesterday, oil markets moved backwards giving up part of yesterday’s gains, in light of the possible return of Lybian production and the advance of the Covid-19 outbreak around the world. On… Read more »
Crude Oil Futures: Scope for extra consolidation
CME Group’s preliminary figures for Crude Oil futures markets saw open interest shrinking for the second session in a row on Tuesday, this time by nearly 2K contracts. On the… Read more »
As COVID-19 Cases Continue to Rise, Will Negative Oil Prices Return?
Although lockdown measures have been easing across the world, the coronavirus pandemic is far from over. In fact, the situation is actually getting worse in a number of countries, such… Read more »
Oil Markets, US Stocks Recover as Optimism Takes Over Market
Markets keep getting mixed signals about the state of the global economy. Yesterday, oil markets recovered after two consecutive days of losses, as demand for crude recovers and despite the… Read more »
Nasdaq 100, Crude Oil and EURAUD Stage Head-and-Shoulders Patterns
Nasdaq 100, Crude Oil and EURAUD Talking Points: Head-and-shoulders patterns are one of the most often talked about patterns, likely because it is considered a reversal backdrop While the simple… Read more »
Crude Oil Futures: Scope for extra losses
In light of flash data for crude oil futures markets from CME Group, open interest rose for the second session in a row at the end of last week, this… Read more »
Crude Oil Prices May Fall on Rising Virus Cases. Growth Outlook at Risk?
Source: IG Charts OUTLOOK: BEARISH Crude oil prices may retrace gains if coronavirus cases grow, impeding growth prospects Powell, Mnuchin testimonies and FOMC minutes may cast a dark, deep bearish… Read more »