Crude Oil
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Crude Prices Finish Sharply Lower on Fears of a Global Oil Glut
June WTI crude oil (CLM25) Thursday closed down -1.53 (-2.42%) and June RBOB gasoline (RBM25) closed down -0.0356 (-1.64%). Crude…
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Chart of The Day – OIL
Oil drops 3% in response to progress in nuclear negotiations between Iran and the U.S. After months of talks, both…
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WTI drops to near $60.50, crude Oil slides 3% on US-Iran nuclear deal hopes
WTI price dropped by about 3% on Thursday due to escalating fears of a global supply surplus. Trump commented, “I…
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“Iran is ready to sign a nuclear deal” if sanctions lifted
Iran would agree to sign an agreement today if all economic sanctions removed Ali Shamkhani, a top political, military and…
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Crude Prices Pressured as Weekly EIA Crude Inventories Increase
June WTI crude oil (CLM25) Wednesday closed down -0.52 (-0.82%) and June RBOB gasoline (RBM25) closed up +0.0040 (+0.18%). Crude…
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U.S EIA Crude Oil Inventories Higher But Gasoline Stocks Drop
EIA Crude Oil Inventories: 3.454M (Forecast -2.209M, Previous -2.032M) EIA Gasoline Inventories: -1.022M (Forecast -0.938M, Previous 0.188M) EIA Crude Cushing: -1.069M…
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OPEC leaves forecasts for global oil demand growth in 2025 and 2026 unchanged
The monthly OPEC report Says 90 day US-China trade deal suggests potential for more lasting agreements, likely supporting normalisation of…
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Oil: Iranian sanctions – ING
ICE Brent rallied by almost 2.6% yesterday, reaching its highest since late April. A weaker USD following a cooler-than-expected US consumer…
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WTI: Bulls have the upper hand while above $62.00/200-period SMA on H4
WTI drifts lower on Wednesday and snaps a four-day winning streak to over a two-week high. The technical setup favors…
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Crude Sharply Higher on Dollar Weakness and Additional US Sanctions on Iranian Oil
June WTI crude oil (CLM25) Tuesday closed up +1.72 (+2.78%), and June RBOB gasoline (RBM25) closed up +0.0329 (+1.54%). Crude…
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