US Crude Oil

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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
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Oil Prices Slammed, WTI Tests Through Trendline Support

Oil prices have been crushed after a brutal turn earlier this week. Can sellers continue to drive the breakdown move?

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November 16, 2023 04:28 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?

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November 13, 2023 10:45 AM

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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

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.

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

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September 20, 2023 07:12 AM

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?

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August 9, 2023 11:57 AM
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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 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.

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June 6, 2023 01:00 PM

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.

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May 25, 2023 09:19 AM
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.

Oil rig in the sea

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

Oil extraction

WTI falls as demand concerns intensify

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

Oil rig in the sea

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...

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August 3, 2022 12:47 PM
Oil extraction

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
Oil rig on an grey day

Oil Slips Ahead of OPEC+ Meeting

Oil prices fell to a 4-week low overnight, during their most bearish session in 3-months.

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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.

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