Speculators sharply boosted their net long positions in ICE Brent and gasoil futures last week, driven mainly by new long entries as they focused on…
Oil prices edged higher yesterday, with Brent settling back above $70/bbl. This is despite ongoing uncertainty over tariffs, along with OPEC+ recently announcing a larger-than-expected…
Brent crude is showing bullish continuation signals after confirming a double bottom and breaking above its consolidation range, with momentum indicators pointing toward further upside,…
Brent crude continues to consolidate in a sideways pattern, with downward momentum still dominant. A potential base formation hinges on holding above recent lows and…
The price of Brent oil rose to more than $68 per barrel this week, reaching its highest level since the announcement of reciprocal tariffs by…
Brent crude has bounced from the lower limit of its downtrend but faces key resistance at $68.70–$70.50. A failure to break higher could trigger a…
In the wake of the sharp fall in oil prices, the time spreads, i.e. the price differentials along the forward curves, also narrowed significantly last…
Brent crude has extended its decline after breaching key support levels from earlier in 2024. While momentum indicators suggest the move is stretched, signs of…
The initial market reaction to Trump’s threat of secondary tariffs on Russian oil was muted. Oil prices only started to rise in the course of…