Crude Oil

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Crude oil price forecast: WTI spills into trend support

Crude oil prices plummeted more than 22% off the January highs with WTI now testing multi-month downtrend support. The levels that matter on the WTI weekly chart.

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March 20, 2023 02:54 PM
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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

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EUR/NOK running higher as ECB members remain hawkish

Despite the NorgesBank saying that it will hike rates 25bps at in March, the ECB has pre-committed to increasing rates by 50bps and says that there is more to come.

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February 7, 2023 11:03 AM

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OPEC+ preview: Will OPEC+ cut production again?

According to recent “sources”, OPEC+ is likely to leave production unchanged when it meets virtually on December 4th.

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November 30, 2022 11:05 AM

Crude oil takes another plunge

This time on report that the OPEC+ to discuss production hike by 500K bpd

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November 21, 2022 11:00 AM
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WTI falls as demand concerns intensify

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

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Crude oil: WTI reversing yesterday’s surge, OPEC+ on tap next week

With most producers already operating at or above capacity and growing signs that the global economy may be slowing, some reduction of supply is looking increasingly likely in the coming months...

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August 30, 2022 10:42 AM
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Growth concerns return to the forefront

Crude leads commodities slump on weak Chinese data and US Empire Manufacturing Index plunges into negative

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Crude oil drops again with WTI below $90

US crude oil prices could be heading towards low- to mid-$80s.

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US open: Stocks rise as corporate earnings heat up

US stocks open higher ahead of a busy week for earnings and as aggressive Fed bets ease.

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Crude oil off lows after slump

The focus for oil and other investors will turn to the latest Chinese and US data...

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July 14, 2022 12:06 PM
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Recession Trade Keeps Risk Assets Under Pressure

Fears over a recession continues to drive financial markets, with commodities feeling the heat

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What’s driving the global markets right now?

Everything you need to know about the current economic and monetary policy environment, and what it all means for financial markets

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OPEC preview: Will OPEC+ increase output in August?

When OPEC+ meets later this week, it is unlikely to increase output more than the expected 648,000 bpd.

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June 27, 2022 03:39 PM
Currency prices

Lira slumps further as crude oil nears $122

Lira slumps further as crude oil nears $122

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USD/MXN looking to push to pre-pandemic lows

Both a hawkish Bank of Mexico and the rise in Crude Oil prices have been pushing USD/MXN lower.

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June 7, 2022 11:36 AM
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OPEC + hikes output more than expected

The rumors are still making the rounds that OPEC+ may suspend Russia and that Saudi Arabia may increase production as price continues to soar.

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June 2, 2022 11:59 AM

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Canadian inflation remains excessively high. What does it mean for USD/CAD?

The Canadian CPI print confirmed what the markets had already expected: that inflation continues to rise and will force the BOC to raise rates further.

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May 18, 2022 10:50 AM

6 reasons Crude Oil is lighting it up; USD/HUF along for the ride

There is a strong positive correlation between the direction of WTI Crude Oil and USD/HUF

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March 23, 2022 02:41 PM

Oil back above $100 as Russia/Ukraine tensions heat up

Rumors of a large convoy of military trucks and armored vehicles heading toward the capital of Kyiv are driving oil prices higher.

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March 1, 2022 09:23 AM
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Is WTI Crude Oil on its way to $109?

If price does pullback, it doesn’t mean it can’t go higher later, possibly even towards the double bottom target near $109.

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Oil dips below $90 as Russia turns down the heat. What’s next?

If Russian/Ukraine tensions escalate, or if OPEC+ can’t keep up with their quotas, price may increase once again.

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February 8, 2022 10:59 AM
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2 ways to use correlations to help trade

Traders should look for readings below -0.80 or above +0.80 for the correlation coefficient to be considered significant

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December 29, 2021 11:10 AM