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Crude oil looking fatigued after its breakneck run higher
But with fundamentals underpinning the rally, near-term weakness will provide an opportunity to add or establish fresh longs.
Crude oil looking good as fundamentals, technicalsalign
Crude oil looks set to resume its battle with sellers parked around the $84 per barrel level.
Crude oil outlook: OPEC gap finally closed
While I am waiting for a technical reversal signal for confirmation, fundamentally my crude oil outlook is bullish.
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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.
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.
Crude oil takes another plunge
This time on report that the OPEC+ to discuss production hike by 500K bpd
OPEC+ agrees to a 2,000,000bpd cut!
How much higher will Brent Crude go? It may depend of the size of the energy crisis that is brewing throughout Europe, as well as the extend to any type of price cap placed on Russian oil.
OPEC+ agrees to a 2,000,000bpd cut!
How much higher will Brent Crude go? It may depend of the size of the energy crisis that is brewing throughout Europe, as well as the extend to any type of price cap placed on Russian oil.
European Open: DAX to extend its countertrend bounce? OPEC in focus
Whilst futures markets point towards a retracement against yesterday’s gains across European cash markets, we’re looking for support to hold and break above yesterday’s highs.
European Open: DAX to extend its countertrend bounce? OPEC in focus
Whilst futures markets point towards a retracement against yesterday’s gains across European cash markets, we’re looking for support to hold and break above yesterday’s highs.
OPEC+ Preview: Will 1,000,000 bpd cut it?
If OPEC+ cuts 1,000,000bpd, be careful of a “buy the rumor, sell the fact” trade.
OPEC+ Preview: Will 1,000,000 bpd cut it?
If OPEC+ cuts 1,000,000bpd, be careful of a “buy the rumor, sell the fact” trade.
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...
Crude Oil continues bounce on OPEC comments
Comments from OPEC+ officials regarding possible supply cuts are currently outweighing fears of a recession. As a result, the price of WTI Crude Oil is moving higher.
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...
WTI lower, but it has little to do with the upcoming OPEC+ meeting
With negative manufacturing data beginning in China and continuing throughout the US session, WTI Crude Oil has been trading lower, down nearly 5% on Monday.
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Two trades to watch: GBP/USD, Oil
GBP/USD rises as USD eases ahead of PCE inflation. Oil steadies ahead of OPEC+ announcement.
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.
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.
Oil slips on the last day of (another good) month ahead of OPEC
Whilst oil prices rallied for six consecutive months for the first time in 11-years, its last day of the month was a bit of a let-down for the bull camp.
Asian Open: Keep an eye on AUD/JPY with sentiment on the back ropes
It was a volatile session for investors overnight which saw US indices trade sharply lower, with AUD/JPY showing the potential for a swing high.
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