Speculators last week in WTI Crude Oil got rather solid price range from Monday until mid-Friday. A price realm between 61.600 and 63.300 dominated most…
According to a Bloomberg survey, the nine OPEC countries bound by production targets increased Oil production by nearly 200 thousand barrels per day in May,…
The International Energy Agency published a report on investments in the energy sector yesterday, Commerzbank’s commodity analyst Carsten Fritsch notes. US shale Oil production is…
During trading on Thursday, we saw the Light Sweet Crude / West Texas Intermediate Crude Oil market rally a bit, as we continue to see…
WTI trades around $62.80 on Thursday, up 1.20% but below the session high of $63.30. Price action breaks out of bullish flag pattern, confirming short-term…
U.S. Gasoline stocks increased beyond expectations last week. Saudi Arabia is pushing OPEC+ countries to hike output again in August. WTI Oil prices remain contained…
The West Texas intermediate market has seen crude oil initially gap higher, only to pull back and turned around to show signs of bullish pressure.…
WTI Crude Oil trades near $63.06, up nearly 2% intraday on Tuesday. Canadian wildfires disrupt 350,000 barrels per day of oil output, fueling supply concerns.…
The eight OPEC+ countries with voluntary production cuts decided at the weekend to increase Oil production by 411 thousand barrels per day in July. This…
The crude oil market has rallied rather significantly in the early hours on Monday as the reports of the Ukrainian drone strike in Russia had…