US Crude Oil
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.
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.
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?
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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
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.
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
Crude oil outlook: WTI hits new 2023 high
WTI oil prices reached its highest levels since last November, breaking above the April high of $83.50 briefly, before coming off its best levels. Traders will be watching to see how oil prices will close the session today. The OPEC+ ongoing supply cuts are continuing to offset concerns over demand. But will WTI manage to climb to $85 and higher?
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.
Crude oil outlook: WTI erases losses
Crude oil prices turned positive, erasing earlier losses of around 2.5%, to make the short-term crude oil outlook more neutral-to-slightly positive.
Crude oil outlook: WTI struggles despite OPEC+ cuts, stronger US economy
Chinese concerns are offsetting OPEC cuts and strength in US demand. Given these mixed influences, the short-term crude oil outlook remains as clear as mud.
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.
Crude plummets - will OPEC come to rescue?
We might see an oversold bounce in prices soon but until something changes fundamentally, the path of least resistance would remain to the downside
WTI falls as demand concerns intensify
Oil investors' focus is turning back to the demand side of things and in particular China...
WTI crude oil: When prices can’t rally on good news…
Oil traders have now had two chances to bid up oil on better-than-expected news this week, and on both occasions, crude was trading much lower in just a handful of hours...
WTI: OPEC+ and inventories send US oil on a rollercoaster ride
Oil prices are on the verge of breaking below strong previous support at the 93.00 level...
Crude oil off lows after slump
The focus for oil and other investors will turn to the latest Chinese and US data...
BP to exit Russian State Owned Rosneft Stake
If there is one positive from Russia's attack on Ukraine, it has been how Putin's needless act of aggression has managed to unite a previously fragmented association of countries and their people into a global coalition fighting for Ukraine.
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What does todays escalation in Russian aggression mean for 4 key markets - Quick take
News reports that Putin has Authorised Special Military Operation in Ukraine’s Donbass has prompted a rapid repricing in risk assets and safe havens alike this afternoon.
Crude oil shrugs off dollar strength, extends rally to new 7-year highs
US crude oil has broken out to its highest level in over seven years above last week’s high near $88.00 and looking at the chart, there’s little in the way of meaningful resistance until above $90.00...
Crude oil verging on confirmation of yet another October high
Building on its 4% fall overnight, crude oil is extending losses during the Asian session to be trading below $77 per barrel, almost 10% below its October $85.41 high.
European Open: Brent Looks to Reclaim $84.0
Oil prices were higher overnight after Aramco raised their official selling price for crude, helping brent to rise to a 2-day high.
Oil Slips Ahead of OPEC+ Meeting
Oil prices fell to a 4-week low overnight, during their most bearish session in 3-months.
How to Trade Crude Oil Futures
Oil futures are the most traded commodity in the world thanks to their high volatility and global influence. Learn how futures traders buy and sell oil's two main benchmarks: WTI and Brent Crude.