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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 06:47 PM
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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 09:39 PM
Energy

OPEC+ set for existing deal despite China, overcompliance concerns

The OPEC and its allies (OPEC+) are continuing to slowly relax the output cuts they introduced in 2020

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European Open: Lira today, ErdoGONE tomorrow

The Turkish Lira hit fresh new lows overnight as President Erdogan fired his Finance Minister (for opposing rate cuts, along with everyone else).

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Oil Slips Ahead of OPEC+ Meeting

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

Is USD/RUB ready for a bounce?

USD/RUB has been moving lower, however, the pair bounced off strong support at the 61.8% Fibonacci retracement from the January 2020 lows to the March 2020 highs

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October 28, 2021 11:04 PM
Energy

Oil jumps to 7 year high as OPEC+ sticks to output plan

OPEC+ agreed to stick to raising output by 400k bpd in November despite rising pressure from some countries to ease tightness in the oil market. Both oil benchmarks have seen oil prices surge to levels last seen in 2014.

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October 4, 2021 04:10 PM

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