WTI retreats despite EIA inventory miss. OPEC+ supply increases outweigh short-term US stockpile reduction, pushing WTI toward moving average support. Momentum indicators suggest that short-term…
WTI Crude trades near $65.50 as traders await key US Oil inventory data at 20:30 GMT. OPEC+ report signals rising supply through Q3, reinforcing pressure…
The Organization of the Petroleum Exporting Countries and allies (OPEC+) agreed on Saturday to hike their collective crude production by 548,000 barrels per day (bpd),…
The WTI price faces some selling pressure to near $65.00 in Monday’s Asian session. OPEC+ members agreed to increase oil production by 548,000 barrels a…
WTI Crude Oil remains under pressure near mid-$65s amid thin holiday trading and a lack of fresh catalysts. Traders remain cautious ahead of the July…
WTI Crude trades in a tight range near $64.50, consolidating after a sharp drop triggered by the Iran–Israel ceasefire. Geopolitical risk premiums unwind, with traders…
The eight OPEC+ countries with voluntary production cuts are likely to decide next weekend to increase oil production by 411 thousand barrels per day in…
WTI Crude Oil outlook turns bearish, trading below $65.00 Prax refinery insolvency sparks a brief WTI boost due to regional fuel supply concerns. US Crude…
OPEC Secretary General Haitham Al Ghais said on Tuesday that oil demand growth will remain robust over the next two and a half decades as…
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,…