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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.

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December 6, 2023 01:00 PM
Research

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.

Energy

Everything you need to know about the Exxon and Chevron acquisitions

The two largest US oil and gas companies both announced major acquisitions that will increase production while lowering taxable revenue in the near future. Learn more in our rundown of Chevron and Exxon here.

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November 28, 2023 02:05 PM

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Energy

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.

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November 27, 2023 11:30 AM
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.

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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.

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How to trade and invest in nuclear fusion stocks

Nuclear fusion stocks are a growing area of interest as scientific breakthroughs continue to boost the sector. Let’s take a look at how traders can get exposure to the trend.

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October 18, 2023 09:35 AM
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.

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October 16, 2023 01:00 PM
Oil refinery

Gold, WTI crude oil: Buy on dips until a de-escalation in Israeli-Hamas conflict

Given how quickly sentiment can change and the level of risk we’re confronted with, it’s difficult to see crude and gold being anything other than buy-on-dips prospects until we see a de-escalation of hostilities.

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October 15, 2023 11:02 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.

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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.

Energy

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.

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October 2, 2023 08:05 PM
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.

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September 18, 2023 08:02 PM
Oil refinery

Crude oil looking fatigued after its breakneck run higher

But with fundamentals underpinning the rally, near-term weakness will provide an opportunity to add or establish fresh longs.

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September 6, 2023 07:53 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.

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August 31, 2023 09:34 PM
Energy

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.

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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.

Oil rig on an grey day

Crude oil outlook: WTI could climb to $80

My crude oil outlook remains bullish and reckon WTI could climb to $80. The "weaker demand" narrative is likely priced in and OPEC cuts point to tight market.

Energy

WTI outlook: Oil prices extend rebound after NFP

After a big drop earlier in the week, WTI has staged an impressive bounce, boosting the WTI outlook, especially in light of the OPEC’s ongoing supply cuts

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May 5, 2023 09:26 AM
Research

Daily natural gas market update - 3 January [Institutional research preview]

Natural gas prices are in a steep freefall in today’s early trade following two weeks of heavy losses which have erased 2.125 or 32% from the spot contract.

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January 3, 2023 03:58 PM

Commodities slump as dollar rebounds

Chinese demand concerns on the rise amid Covid outbreak

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November 17, 2022 12:30 PM
Oil extraction

WTI falls as demand concerns intensify

Oil investors' focus is turning back to the demand side of things and in particular China...