Crude Oil
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EIA lowers forecast for US oil production – Commerzbank
The US Energy Information Administration (EIA) has revised its forecast for US crude oil production downwards, Commerzbank’s commodity analyst Carsten…
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Oil Extends It’s Rebound by 1.5% on The Back of U.S. China Talks
WTI crude oil futures (OIL.WTI) are heading for a positive weekly close, rising 1.5% on Friday, as investors hope for favorable outcomes…
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Crude Settles Sharply Higher as the US-UK Trade Deal Boosts Economic Optimism
June WTI crude oil (CLM25) Thursday closed up +1.84 (+3.17%), and June RBOB gasoline (RBM25) closed up +0.0575 (+2.84%). Crude…
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Elliott Wave Reaffirmed Our Direction in Crude Oil
Crude oil is bearish, and it’s coming nicely lower as expected by Elliott wave theory, even on the intraday basis…
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Crude Prices Rally as Oversupply Fears Recede
June WTI crude oil (CLM25) Tuesday closed up +1.96 (+3.43%), and June RBOB gasoline (RBM25) closed up +0.0417 (+2.06%). Crude…
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Commodities – Oil, Natgas, Gold And Cocoa
Oil OPEC+ has agreed to another substantial production increase for June, once again by 411,000 barrels per day, mirroring the…
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OPEC+ to further speed up oil output hikes – Reuters
The Organization of the Petroleum Exporting Countries and allies (OPEC+) agreed to accelerate oil production hikes for a second consecutive…
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OPEC+ Mulls Accelerated Output Hike in June, Eyes Increase of Up to 400,000 Bpd
The June WTI (CLM25) contract settled at 58.29 (-0.95) [-1.60%], high of 59.87, low of 57.74. Cash price is 59.24 (+1.04). Open interest…
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Crude Prices Climb as a Stock Rally Boosts Market Sentiment
June WTI crude oil (CLM25) Thursday closed up +1.03 (+1.77%), and June RBOB gasoline (RBM25) closed up +0.0315 (+1.56%). Crude…
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Commodity Market Roundup- April’s Top Performers and Underperformers
A weaker dollar index and a decline in the long-term bond prices were competing bullish and bearish factors for commodities…
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