Fresh Inventories Deficit SeenCrude prices continue to hold within last week’s range as the latest EIA inventories yesterday failed to provide the catalyst for a fresh directional move. The EIA...
Crude Recovery Stalling As China Data Concerns Weigh
Crude Caught Between Opposing DriversOil prices are looking a little more stable today on the back of two days of heavy selling. An uptick in USD alongside fresh fears over the health of the Chinese...
Crude Breaking Out Ahead of EIA Inventories Release
Oil RallyingOil prices are trading firmly higher into the middle of the week with crude futures expanding on last week’s gains. The rally has seen futures trading higher by around 12% off the June...
Crude Rallies As Data & OPEC Cuts Support
Cuts Supporting Oil PricesCrude oil prices are rising into the end of the week with crude futures once again testing the 72.61 level. Fresh production cuts from Saudi Arabia and Russia at the start of...
Fresh Cuts Announced Ahead of OPEC+ Meeting Tomorrow
What is OPEC?The Organization of the Petroleum Exporting Countries (OPEC) is a collective organization of 13 oil-producing nations that aims to coordinate and unify their petroleum policies....
Crude Caught Between Opposing US/China Views
Better US Data Supporting OilCrude prices are trading a little firmer on Friday with crude futures on course to end the week in the green. Better data out of the US is supporting the view that the US...
Crude Prices Rallying Ahead of EIA Release
EIA Up NextCrude oil prices are trading a little firmer today ahead of the latest update from the EIA due later today. On the back of the 3.1-million-barrel deficit reported last week, the market is...
Crude Futures Soften Ahead of EIA Inventories
EIA On WatchCrude oil prices are a little softer today ahead of the latest EIA inventories release due later. Last week, the EIA reported a larger-than-forecast inventories surplus, reflecting weaker...
Crude Rising on China Stimulus Hopes
Crude Testing ResistanceCrude oil prices are continuing to push higher across the European morning on Tuesday. Crude futures are on course for their third consecutive positive day so far, now up...
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