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Kneejerk oil price rise fails to cap 50-day moving average despite saudi action

Saudi Arabia's unilateral crude production cut may have excited "permabulls" but oil benchmarks haven't...

June 5, 2023, 2:12 pm

Usd/ngn: nigerian naira faces an uphill battle as concerns mount

The Nigerian naira is sitting at its record low as concerns about the Nigerian economy continued and as crude<...

June 5, 2023, 1:59 pm

Gold gains as usdx slips, crude oil rallies

(Kitco News) - Gold prices are modestly up and silver a bit weaker in midday U.S. trading Monday....

June 5, 2023, 1:03 pm

Ism services survey highlights monday's us economic calendar

The new week kicked off with a bang as OPEC+ delivered cuts through 2024 and Saudi Arabia pledged to lower production by 1m bpd in July, and maybe lon...

June 5, 2023, 12:38 pm

Oil futures gain as saudi arabia signals more output cuts

Oil futures rose after Saudi Arabia announced it would reduce crude output by an additional 1 million b...

June 5, 2023, 12:05 pm

Wti crude oil technical analysis

On Sunday, the OPEC+ delivered some more bullish news for the oil market as it looks like they want to keep prices above $70 level. In fact, Saudi Ara...

June 5, 2023, 11:33 am

Ecopetrol's recent weakness spells opportunity

Ecopetrol's share price has been punished by crude oil prices, despite an announced repayment of owed g...

June 5, 2023, 11:26 am

Crude oil price forecast – crude oil markets gap higher

Crude oil markets gapped higher to kick off the week after OPEC extends production cuts, and doubles down on trying to push prices higher....

June 5, 2023, 10:40 am

Gold price and crude oil price weekly chart outlook

Gold price remains supported for more gains above $2,000. crude oil price is declining and might dive i...

June 5, 2023, 7:48 am

Oil cuts won't dramatically hit pumps just yet - analysts

Oil production cuts announced by Saudi Arabia's energy minister on Sunday have led crude prices margina...

June 5, 2023, 7:37 am

Kpler: saudi arabia will do whatever it takes to keep oil prices close to $80 a barrel

Viktor Katona, lead crude analyst at Kpler, discusses Saudi Arabia's move to cut an additional 1 millio...

June 5, 2023, 7:33 am

Usd/cad analysis: manages to defend 200-day ema, around 1.3400 amid bullish usd

Bullish crude Oil prices underpin the Loonie and might keep a lid on any further gains. Read Full Story...

June 5, 2023, 7:14 am

Crude oil prices rise 2.5% after saudi arabia says it's cutting 1 million barrels a day

The Saudi government's decision to cut production further is an effort to help shore up the flagging price of ...

June 5, 2023, 5:40 am

Us dollar holds the high ground while crude oil whips around. higher usd?

The US Dollar regained its ascendency after the US debt deal passed Congress and was supported by solid jobs data. OPEC+ announced output cuts and the...

June 5, 2023, 5:00 am

Oil price forecast: tighter supply expected as saudi arabia slashes output

Saudi Arabia’s additional production cut of 1 million barrels per day aims to counteract macroeconomic challenges in the...

June 5, 2023, 4:56 am

Crude oil price jumps again after opec+ announced production cuts. higher wti?

Crude oil prices made solid gains to start the week on the back of OPEC+ reduced output targets with Saudi Arabia making the largest sacrifice in an e...

June 5, 2023, 2:00 am

Oil price forecast: tighter supply expected as saudi arabia slashes output

Saudi Arabia's additional production cut of 1 million barrels per day aims to counteract macroeconomic challenges in the...

June 5, 2023, 12:56 am

Crude oil futures jump higher at the week's open on saudi output cut news

Adam had the news out of the OPEC+ meet meeting as it happened:Saudi Arabia to make 1m bpd production cut, others to extend cuts through 2024Oil futur...

June 4, 2023, 10:07 pm

White house focused on oil prices after opec+ move, official says

A White House official said on Sunday that the Biden administration is focused on oil prices and "not barrels" after Saudi Arabia planned to make a de...

June 4, 2023, 9:05 pm

Saudi arabia to slash oil production again as opec+ extends supply curbs

Saudi Arabia said it would slash oil output by another one million barrels per day for at least a month starting in July as part of an effort by the O...

June 4, 2023, 1:53 pm


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