WTI price drifts lower to around $60.90 in Wednesday’s early Asian session. Hope for progress in US-Iran nuclear talks and potential higher OPEC+ output weigh…
WTI price steadies near $61.25 in Tuesday’s early Asian session. OPEC+ moves the July output meeting by one day to May 31. Trump’s EU trade…
The Oil market is trading firmer this morning after President Trump said he would delay the deadline for tariffs on EU goods until 9 July.…
The oil market is under renewed pressure as noise builds around what OPEC+ will do with their July output levels, ING’s commodity experts Ewa Manthey…
WTI price drifts lower to near $60.75 in Friday’s early Asian session. Oil inventories rose by 1.328 million barrels in the week ended May 16,…
WTI snaps a two-day losing streak, key resistance sits at $65. Price reclaims 21-day EMA, technical momentum improves as RSI turns neutral. Iran nuclear deal…
OPEC has also confirmed its forecasts for Oil demand, Commerzbank’s commodity analyst Carsten Fritsch notes. OPEC revises its forecast for non-OPEC+ supply downwards “It continues…
OPEC+ is implementing another aggressive supply hike. Effective in June, this increase solidifies a shift in policy. With prospects of further large supply increases in…
WTI price loses momentum to near $55.75 in Monday’s Asian session, down 4% on the day. OPEC+ is set to further speed up oil output…
The Organization of the Petroleum Exporting Countries and allies (OPEC+) is set to further speed up oil output hikes. Citing five sources, Reuters reported that this could bring back…