Crude Oil

  • Newest
  • Popular
Oil rig on an grey day

Crude oil analysis: WTI sinks further below $70

Crude prices remain on a slippery slope after the OPEC+ failed to impressive with their voluntary output cuts last week. From Thursday’s high point, oil prices have now fallen about 12% so far. On Wednesday, brent dropped below $75 and WTI took out $70, with both contracts falling in excessive 3.5% each on the day.

default avatar
December 6, 2023 01:00 PM

FTSE and crude oil analysis: Will rebound in oil finally lift UK index?

Can rebounding oil prices fuel rally in energy stocks like BP and Shell? FTSE technical analysis hints at potential recovery for UK index. Meanwhile, Brent crude oil rises above 200-day average ahead of OPEC meeting.

Oil rig in the sea

Crude Oil Analysis: WTI, Brent Bounce, OPEC+ Uncertainty Remains

The tail risks of a failure for OPEC+ to reach an agreement is on the rise, presenting an underappreciated potential for even more volatility in the crude oil market...

Why trade with

Tight spreads on 80+ FX pairs

Nearly 2,500 markets including Stock CFDs, Indices & Commodities

Award-winning platforms with fast & reliable execution

Course thumbnail of course:  What are commodities by

Crude oil analysis: WTI off lows as focus turns to OPEC+ meeting

Crude oil analysis: Investors await OPEC+ meeting on Nov 30. We expect rollover of Saudi and Russia cuts, which could help to support prices. WTI needs an interim higher high above $77.60-$78.50 to signal trend reversal after intense selling over the past several weeks.

default avatar
November 27, 2023 11:30 AM
Close-up of market chart showing downtrend

Crude oil, GBP/USD analysis: OPEC delays meeting as US data lifts dollar

What does the OPEC+ delaying meeting means for oil prices? And GBP/USD is in focus as pound drops after autumn statement. But was that because of the overall recovery in US dollar, following the release of mostly stronger data?

default avatar
November 22, 2023 10:30 AM

Crude Oil Analysis: WTI, Brent Gain Ground Ahead of OPEC+

Both WTI and Brent crude oil could rally further from here after breaking out of their bearish channels...

default avatar
November 20, 2023 03:26 PM
Oil drilling in sea

WTI analysis: Crude oil bounces off key support

Crude oil prices started the week on the backfoot before turning positive at the time of writing. The recovery comes after prices started to stabilise at the end of last week, following a sharp 3-week decline despite Israel’s increased military operation in Gaza. Have oil prices finally bottomed?

default avatar
November 13, 2023 10:45 AM
Oil rig in the sea

Crude Oil Analysis: WTI and Brent Dump to Multi-Month Lows

The bullish supply-demand picture from the third quarter has reversed, driving crude oil prices sharply lower so far this week

Screen showing share price of 22,450

Nasdaq 100, WTI crude oil: Divergence beckons as lead economic indicators roll over

It feels like we’ve reached the part of the economic cycle where the pain sets in. For the Nasdaq and crude oil, such a scenario points to the likelihood of divergent performance over the medium-term.

default avatar
November 7, 2023 07:36 PM
Oil rig in the sea

Crude oil outlook remains positive despite drop

Crude oil prices have fallen back at the start of the new week, with Brent shedding over 3% and WTI losing 2.3% at the time of writing. In other words, oil prices haven’t moved further higher despite Israel’s increased military operation in Gaza. But prices could easily bounce back as I will discuss in this article.

default avatar
October 30, 2023 12:07 PM
Oil rig on an grey day

Crude oil outlook remains bullish despite recent weakness

Crude oil outlook boosted above all by OPEC+ supply cuts/ Supply fears re Middle East could intensify again. Oil prices are demand inelastic, which means downside should be limited from fears about weakening global economy.

Close-up of market chart

Crude oil, USD/CNH, EUR/USD outlook in focus - Technical Tuesday

Welcome to another edition of Technical Tuesday, a weekly report where we highlight some of the most interesting markets that will hopefully appease technical analysts and traders alike. In this week’s report, we will get technical on crude oil, USD/CNH, EUR/USD and bond yields.

Oil rig in the sea

Crude oil outlook: WTI could rise further as traders eye MidEast situation

Following the 5% rise on Friday, crude oil prices gave back some of those gains on Monday. However, this could be a temporary respite before oil prices rise again.

default avatar
October 16, 2023 01:00 PM

Crude oil, gold surge as geopolitical risk premium priced in

Crude oil and gold prices have spiked in response to renewed conflict in the Middle East, helping to partially reverse ugly declines recorded last week.

default avatar
October 8, 2023 09:26 PM
Oil rig in the sea

WTI analysis: Crude oil in spotlight – Technical Tuesday

Investors’ focus will remain on oil prices after their recent sharp gains amid the ongoing supply cuts by the OPEC and allies, and in light of today’s bullish reversal. Owing to concerns over a crude supply deficit, there is a good chance we could see oil prices climb above $100 and thus stoke inflationary worries further.


Crude oil: WTI correction a healthy development for longevity of the bullish trend

The pullback in crude oil could be deemed a healthy development, correcting an unsustainable, one-sided trade which left the contract overbought and over-loved.

default avatar
October 2, 2023 08:05 PM
Oil rig in the sea

Oil prices flirt with $100 handle

WTI crude has risen to $91.65 per barrel (bbl) at time of writing, with a $93.44 high Brent crude oil has risen to $94.58 per barrel (bbl) at time of writing, with a $95.66 high The US dollar index has risen to 105.2 with strong momentum

default avatar
September 20, 2023 07:12 AM

Open an account in minutes

Experience award-winning platforms with fast and secure execution, and enjoy tight spreads and thousands of markets.
Trading view chart close-up
Oil extraction

Crude oil: risk-laden week and bullish sentiment pose a threat to fresh longs

A decent pullback in crude oil is not a stretch given how lopsided near-term sentiment and positioning appears to be.

default avatar
September 18, 2023 08:02 PM
Oil rig in the sea

Crude oil looking good as fundamentals, technicalsalign

Crude oil looks set to resume its battle with sellers parked around the $84 per barrel level.

default avatar
August 31, 2023 09:34 PM
Close-up of market chart

AUD/USD, NZD/USD and WTI outlook - Technical Tuesday

Welcome to Technical Tuesday, a weekly report where we highlight some of the most interesting markets that will hopefully appease technical analysts and traders alike. In this week’s report, we are getting technical on the AUD/USD and NZD/USD, as well as WTI crude oil, as traders await key data in the second half of the week.


Crude oil outlook: WTI could be heading to $80

The momentum is clearly to the upside, which means the crude oil outlook is still positive. Next week's key event is likely to be the data dump from China.

Oil rig on an grey day

Crude oil outlook: Brent jumps on Saudi, Russia voluntary cuts

Our bullish crude oil outlook has been provided a fresh impetus as we start a new quarter.

Oil refinery

Crude oil outlook: WTI to start Q3 with some bullish momentum

Our crude oil outlook remains positive after much of the selling pressure was absorbed successfully in June, with WTI refusing to remain below $70.