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Category: Crude

  • Factbox-US imports of Canadian and Mexican crude oil by company

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    Investor Empires

    New York (Reuters) – Many US oil refineries depend heavily on imported crude because their facilities are formed to operate heavier degrees, such as those coming from Mexico and Canada. Refiner refineries are awaiting clarity and preparedness for patients with the heavy patients of US President Donald Trump on raw…

  • Chart Art: WTI Crude Oil (USOIL) Testing Mid-Range Area of Interest

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    Investor Empires

    WTI prices appear to be stuck around the middle of their range at the moment! Is it about to bounce back to support soon or is it about to continue its climb to the top? Take a look at the near-term turning points I’m watching on the 4-hour time frame:…

  • Chart Art: WTI Crude Oil (USOIL) Just Bounced From a Range Support. Now What?

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    Investor Empires

    A rebound in crude oil prices has pushed West Texas Intermediate (USOIL) crude higher from a key technical support area. Will this cause USOIL to reconsider areas of highest interest? Let’s check the 4-hour time frame: West Texas Intermediate (USOIL) 4 hours Chart by TradingView If you read Thursday’s market…

  • Chart Art: WTI Crude Oil (USOIL) Triangle Pattern Forming!

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    Investor Empires

    WTI bulls appear to be ready for another rally, as the energy commodity found support at the bottom of a newly formed triangle pattern. Can you go north from here? Here are the upside targets I see on the 4-hour time frame: West Texas Intermediate (USOIL) Chart by TradingView Is…

  • Chart Art: Potential Trend Support Area For WTI Crude Oil (USOIL)

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    Investor Empires

    Remember the support zone we talked about a few days ago? Well, it turns out the bears had more fuel in the tank than we thought! Now, USOIL may get a bid from the trend line support that has been holding since early September. What do you think of this…

  • Chart Art: Is WTI Crude Oil (USOIL) Ready To Bounce From $70?

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    Investor Empires

    WTI crude oil is taking a break from its weekly losses by being in a key technical support area. Is the black crack ready for an upward swing? We take a closer look at the USOIL 4-hour time frame: WTI (USOIL) 4 hours Chart by TradingView In case you missed…

  • Chart Art: WTI Crude Oil (USOIL) Triangle Resistance Bounce

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    Investor Empires

    Are crude oil bears about to stay in the game longer? A look at the daily time frame of the energy commodity shows a large bearish triangle pattern that has been in place since November of last year. WTI (USOIL) daily Chart by TradingView Earlier this week, we looked at…

  • Chart Art: Break And Retest Setup For WTI Crude Oil (USOIL)

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    Investor Empires

    Do you remember the resistance area we identified a few days ago? Well, WTI has broken above the region! This time, we look at the possibility of a breakout and retest situation: West Texas Intermediate (USOIL) 4 hours Chart by TradingView In case you missed it today Daily market summaryYou…

  • Oil survey of inventory shows a headline crude oil build much larger than expected

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    Investor Empires

    Huge building — — The expectations I saw focused on: Main crude +2.0 million barrels Distillates -1.9 million barrels Gasoline -1.1 million — This data point is from a special survey conducted by the American Petroleum Institute (API). It is a study of oil storage facilities and companies The official…

  • Crude oil price forecast ?️?

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    Investor Empires

    Crude Oil Price Forecast: Navigating the Next Moves ?️? Hello traders and investors! This is it Itai Levitanan experienced market analyst at ForexLive.com, tracks crude oil for you today as well as what I’m looking for. Let’s dive into the insights you need to make informed trading decisions. ? Recent…

  • Chart Art: WTI Crude Oil (USOIL) Is Testing A Key Area Of Interest!

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    Investor Empires

    After the sharp rise seen earlier this week, US crude oil prices are back in the main area of ​​concern. Is the second time a charm for WTI bulls? We take a closer look at the 4-hour time frame! West Texas Intermediate (USOIL) 4 hours Chart by TradingView In case…

  • Chart Art: WTI Crude Oil (USOIL) Still Stalling Around Area of Interest!

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    Investor Empires

    WTI Crude Oil Traders Can’t Make Up Their Mind! The energy commodity is still trading in its visible zone of interest on the 4-hour time frame, with several inflection points extending across the area. Will the trend continue in the long term? Crude Oil WTI (USOIL) Forex 4 Hours Chart…

  • Oil survey of inventory shows huge headline crude oil draw, much greater than expected

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    Investor Empires

    Via oil price dot com on Twitter: — The predictions I saw focused on: Main crude oil -1.4 million barrels Distillates -1.1 million barrels Gasoline -0.02 million — This data point is taken from a special survey conducted by the American Petroleum Institute (API). It is a survey of oil…

  • Crude Oil Technical Analysis – Testing a key resistance

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    Investor Empires

    Basic Overview Crude oil remains supported as buyers may be looking at the implications of the Fed’s easing cycle on economic activity. As a reminder, crude oil positions are at all-time lows and sentiment is very bearish. These factors can generally provide great opportunities for reversal. The main reason that…

  • Crude Oil Technical Analysis – Testing a key resistance

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    Investor Empires

    Basic Overview Crude oil remains supported as buyers may be looking at the implications of the Fed’s easing cycle on economic activity. As a reminder, crude oil positions are at all-time lows and sentiment is very bearish. These factors can generally provide great opportunities for reversal. The main reason that…

  • Chart Art: Is WTI Crude Oil (USOIL) Ready To Extend Its Downtrend?

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    Investor Empires

    US Crude Oil Prices Just Showed A Red Candle Around A Major Turning Point! Are we witnessing the possibility of Black Crack extending its long-term downtrend? The 4-hour chart may give us more clues: Crude Oil WTI (USOIL) 4 hours Chart by TradingView In case you missed it, rising geopolitical…

  • Oil squeezes higher as specs bet heavy against crude

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    Investor Empires

    Oil daily We have seen this pattern several times recently: positioning data released late Friday shows a very negative situation in oil, and on Monday there will be bullish pressure. But unfortunately, the gains didn’t last, at least not recently. There are already signs of that with WTI crude rising…

  • Crude oil trades into negative territory

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    Investor Empires

    Crude oil is now trading in negative territory at $69.08, down from its high of $70.32. Looking at the hourly chart, the price of gold has moved above its 200-hour moving average (currently at $68.93) this week on its way to its highest level today. Today’s bullish move also broke…

  • Oil – private survey of inventory shows a headline crude oil draw vs. build expected

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    Investor Empires

    Figures via oilprice.com on Twitter: — The predictions I saw focused on: Crude oil rises by 1.0 million barrels Distillates +0.3 million barrels Gasoline -0.1 million — This data point is taken from a special survey conducted by the American Petroleum Institute (API). It is a survey of oil storage…

  • Brent crude closes at the lowest since 2021. Where is it adjusted for inflation?

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    Investor Empires

    WTI crude is still holding support but the picture is looking increasingly bleak for Brent crude. The global benchmark closed today at its lowest level since December 2021. We have seen a series of daily declines around these levels and there have been worse daily declines since 2021 but this…