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Crude oil price drops below $80 and might extend losses

Key Highlights crude oil price declined below the $81.50 and $80.00 support levels. It traded below a m...

August 24, 2023, 3:28 am

Crude oil price loses grip as despite optimism taking hold. where to for wti?

Crude oil prices are under pump going into Thursday’s trade and ahead of the Fed’s Jackson Hole symposium later today. If the Fed messages a more ...

August 24, 2023, 2:00 am

Oil prices fall on weak economic data, interest rate worry

Oil prices slipped in early Asian trade on Thursday as weak manufacturing data in major economies outweighed optimism around a larger-than-expected dr...

August 23, 2023, 8:38 pm

Podcast – yen rallies on soft us pmis, foot locker cuts guidance again, eia report highlights a tight market

OANDA Senior Market Analyst Ed Moya joins Nick Syiek (Trader Nick) to discuss the latest global PMI readings, Foot Locker earnings, and the EIA...

August 23, 2023, 8:10 pm

Wti crude futures settle at $78.89

Today, crude oil futures fell back below the $79 level that has been a decent support level and resista...

August 23, 2023, 6:43 pm

China – oil prices experience decline amid demand worries

Oil prices faced a downward trajectory on Tuesday, with investors remaining cautious due to the prevailing uncertainties surrounding China’s economi...

August 23, 2023, 3:05 pm

Crude oil prices lower again as markets fret chinese demand

A slowing Chinese economy and the chance of ‘higher for longer’ US interest rates doesn’t make a bullish mix for oil prices......

August 23, 2023, 1:15 pm

Crude inventories fall more than expected but oil markets remain under pressure

Oil traders focus on recession risks after the release of weak Manufacturing PMI reports....

August 23, 2023, 10:46 am

Crude oil price forecast – crude oil markets drop after pmi numbers disappoint

Crude oil markets have fallen significantly during the trading session on Wednesday, as PMI numbers in the European Union and the United Kingdom have ...

August 23, 2023, 10:01 am

Wti crude oil technical analysis - another drop in sight?

The summer rally in crude Oil seems to be coming to an end as the sentiment turns sour due to the weake...

August 23, 2023, 7:20 am

Oil prices edge lower on continued china demand worries

Oil futures lost ground early Wednesday on worries about the demand outlook, while traders awaited official data on U.S....

August 23, 2023, 6:58 am

Oil prices forecast: opec production cuts challenge china’s demand dip

This week’s crude Oil price action highlights the balance between China’s waning demand, OPEC+ prod...

August 23, 2023, 6:22 am

Commodity market: crude prices extend decline; gold rebounds from 5-month low

Meanwhile, gold prices rebounded from a five-month low as decline of the US dollar from its two-month high supported gold’s resurgence. However, gol...

August 23, 2023, 3:59 am

Gold price signals bearish breakdown, pmi’s next

Key Highlights Gold price is moving lower below the $1,900 zone. A major bearish trend line is forming with resistance near $1,900 on the 4-hour chart...

August 23, 2023, 3:12 am

Oil prices forecast: opec production cuts challenge china's demand dip

This week's crude Oil price action highlights the balance between China's waning demand, OPEC+ producti...

August 23, 2023, 2:22 am

590,000 b/d tmx crude pipeline in canada will likely start commercial "later" in q1 2024

Via media reports (Argus) comes news of the 590,000 b/d Trans Mountain Expansion (TMX) crude pipeline i...

August 22, 2023, 10:48 pm

Oil prices ease on concerns over rate hikes, china gloom

Oil prices eased in early trade on Wednesday, weighed down by fears U.S. interest rates could stay higher for longer and economic growth could slow fu...

August 22, 2023, 9:07 pm

Oil, dollar prices fall on tuesday as gold rise

Benchmark US crude oil for September delivery fell 37 cents to $80.35 a barrel Tuesday. Brent...

August 22, 2023, 7:59 pm

'fragile five' oil producers will have more oil in market than demand, says citi's edward morse

Ed Morse, Citi Research head of global commodities, joins 'Power Lunch' to discuss Morse's thoughts on the supply and demand picture for...

August 22, 2023, 3:09 pm

Crude oil price forecast – crude oil markets pulled back slightly

The crude oil markets have dropped a bit during the trading session on Tuesday, as it looks like we are...

August 22, 2023, 10:03 am


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