Crude Oil
-
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…
Read More » -
“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…
Read More » -
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…
Read More » -
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…
Read More » -
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…
Read More » -
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…
Read More » -
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…
Read More » -
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…
Read More » -
WTI extends the rally above $63.00 on easing trade tensions
WTI price gains momentum to around $63.25 in Wednesday’s early Asian session. The US and China slash tariff rates by 115%,…
Read More » -
Let’s Talk Oil, NATGAS, Cocoa And Wheat
Oil: Oil continues to recover losses after China and the U.S. reached an agreement to significantly reduce tariffs. Since hitting…
Read More »
