Oil Price Outlook Mired by Rebound in Crude Production

2020-08-29

  Chart created with TradingView Oil Talking Points The price of oil pulls back from a fresh monthly high ($43.78) even though US Crude Inventories contract for six consecutive weeks, and energy prices may continue to consolidate over the coming days as the Organization of the Petroleum Exporting Countries (OPEC)Read More →

Crude Oil Stalls Ahead of OPEC Meeting

2020-08-14

  Source: IG Charts IG Charts Crude Oil Fundamentals Highlights. Crude oil blocked on the upside O PEC meetings U.S.-China compliance review to set early tone   of clients are net long. The client is a net short. Change exquisite short (finance) OI daily 13% -12% 1% weekly -4% 5%Read More →

Crude prices slide on signs of rising U.S. inventories

2019-06-12

Crude prices fell Wednesday after a report on U.S. crude supplies indicated a sharp jump in inventory, ahead of official data from the Energy Information Administration later. West Texas Intermediate crude for July delivery CLN19, -2.55%  fell 89 cents, or 1.7%, to $52.39 a barrel on the New York MercantileRead More →