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Crude oil outlook: WTI extends recovery
After Tuesday’s sharp recovery off the lows, crude oil prices have pushed higher, erasing much of the post OPEC dump. As prices reverse, this continues to bolster the short-term crude oil outlook.

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.

WTI, ASX 200, AUDJPY analysis: Oil prices gap higher on Saudi cuts
Oil prices gapped higher at the Asian open following the weekend's news that Saudi Arabia are to cut oil production by 10% from July, whilst improved appetite for risk helped the ASX 200 and AUD/JPY rally on Friday.

WTI Crude Oil Analysis: The Debt ceiling bill makes it to Biden’s desk
It appears that US congress actually want to enjoy this weekend, having managed to get the debt-ceiling bill passed through the House and Senate and onto Joe Biden’s desk for his signoff - with a full business day remaining.

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, Gold Analysis: RBNZ hike, UK CPI data and Fed minutes loom
FX markets were quiet ahead of the Fed minutes and UK CPI data, excluding the Kiwi dollar which plunged as the RBNZ delivered a dovish hike.

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.

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

WTI Forecast: Crude likely heading higher after OPEC+ cuts
The OPEC+ decision means nearly 1.7 million barrels of oil per day will be held back from global supply. This should help to keep the WTI forecast supported.

A surprise OPEC+ output cut is a thorn in the side for disinflation
I imagine quite a few central bankers and politicians will be rolling their eyes or shaking their fists OPEC's way, as the surprise oil production cut adds inflationary pressures back into the mix.

European Open: WTI back above $70, yen remains firm
Competing themes has seen oil prices rally thanks to risk-on sentiment, yet the yen is the strongest major likely due to the repatriation trade

European Open: UK inflation up next, then focus shifts to the FOMC meeting
Today’s UK inflation print could be the difference between a final 25bp hike from the BOE tomorrow, or a pause. Then our attention turns to the FOMC meeting.

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

European Open: GBP/USD implied volatility spikes ahead of UK wages and US CPI
Whilst US CPI is likely the main event of the week, UK wages data could also turn the dial for the BOE, which is why GBP/USD implied volatility has spiked.

European Open: $82 continues to defy WTI crude bulls
Despite hopes of a rebound in demand due to China’s reopening, oil bulls have repeatedly failed to help WTI crude oil close above $82 – and momentum now points lower.

Oil hovers around 2023 highs ahead of a busy week
After rising 8% last week oil hovers around its year to date high, boosted by China re-opening and expectations of a less hawkish Federal Reserve.

Recession concerns and a stronger US dollar send WTI back below $80
WTI suffered its worst day in 30 yesterday, with a combination of a stronger US dollar, recession concerns and weaker natural gas prices all playing their part for a bearish session.

European Open: EUR/GBP rally stalls at key highs, German data in focus
We see a technical case for EUR/GBP to top out over the near-term, which could be helped if Germany deliver a soft inflation report today.

OK Fed followers: When is a pivot, not a pivot?
Jerome Powell hit the wires and effectively confirmed that the Fed will slow their pace of tightening, reigniting the argument over what a ‘pivot’ is.

Crude oil takes another plunge
This time on report that the OPEC+ to discuss production hike by 500K bpd

European Open: Index futures dragged lower on China’s COVID woes
COVID cases continued to rise over the weekend, and that has weighed on sentiment overnight with oil prices and index futures trading lower.

European Open: USD to regain strength after hawkish Fed comments?
The dollar caught a bid following hawkish comments from two Fed members late in the US session, which leaves the potential for a follow-through today.