oil price

Hello traders Here’s a clean technical setup developing on WTI Crude Oil (H1 chart): Technical Overview: Recent strong bullish momentum has driven prices higher. Currently, we’re seeing a healthy pullback phase. Price is approaching key support zones (marked on chart). As long as...

Oil prices face intense counterforces: a looming global supply surplus clashes with acute geopolitical risk. While Brent and WTI futures recently slipped below $64 and $60, respectively, this softness belies powerful, underlying pressures. The market must navigate oversupply from OPEC+ alongside...

Abu Dhabi National Oil Company (ADNOC) got listed on Sunday its drilling unit in a $1.1 billion initial public offering (IPO), the largest ever on the Abu Dhabi stock market. ADNOC Drilling, whose share offering received over $34 billion in demand, is expected to be among the 10 largest...

I don’t think it can go below $80, says Carl Larry, Oil Outlooks and Opinions, sharing his thoughts on OPEC’s high stakes game of chicken with oil prices… Video link to the topic (detalis) >>> http://businessmediaguide.com/crudes-big-slide-how-low-can-it-go/

As Syria’s civil war escalates, we see the situation get closer and closer to a larger military campaign with foreign intervention. So aside from the civilian catastrophe, how will this affect world crude oil prices? In recent days, a Syrian fighter pilot defected to Jordan along with his...