Category: Crude
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Crude oil bounces as Fed rate cut hopes outrank demand worries (NYSEARCA:USO)
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Slavko Sereda/iStock via Getty Images Crude oil futures ended a five-session losing streak on Wednesday, as renewed hopes for a Federal Reserve interest rate cut in September outweighed concerns about demand after data showed a build in US crude oil and fuel inventories. US Treasuries rose on Wednesday afterward Private…
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Commodity Roundup: Crude oil down 2%, gold subdued as dollar firms (Commodity:CL1:COM)
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to imagine Gold prices (XAUUSD:CUR) fell on Tuesday as the US dollar held firm, with focus turning to jobs data, while oil extended its declines after hitting a four-month low, as investors continue to weigh OPEC+ production decision. Bullion rose on Monday The data also showed that manufacturing activity in…
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Crude Oil Technical Analysis – Strong growth data boosts prices
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Basic overview The price of crude oil has declined steadily since it reached the $87.50 level following tit-for-tat reprisals between Iran and Israel. The decline came as a surprise as the market did not respond favorably to global growth expectations amid policy easing by China and other major central banks,…
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Crude oil futures trade to new session highs
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Crude oil futures are trading between the 100 and 200 week moving averages Crude oil futures are trading up about $1 on the day at $77.85 (up 1.25%). Today’s low extended to $76.18. This was the lowest level dating back to February 26th. This week, the price is currently down…
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Crude oil for July settled at $79.58
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Crude Oil Futures Bring Back Wind That Brings Our Tailor At $79.58. At $0.84 per day. The selling price is close to today’s high. The low for the day was $78.61. During the trading week, the price rose by 1.87%. Technically, the price is trading between the 100-day moving average…
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U.S. crude oil, natgas post back-to-back gains on supply data, rate cut hopes
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Slavko Sereda/iStock via Getty Images U.S. crude oil futures rose to their highest levels in a week on Thursday, extending gains from the previous session sparked by data showing slowing U.S. inflation and weekly storage data that pointed to a decline in domestic oil inventories. the The smaller-than-expected rise in…
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Oil turns higher as U.S. inflation cools, crude stocks drop more than expected
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Slavko Sereda/iStock via Getty Images Crude oil futures reversed course to close higher on Wednesday, as US government data showed a slight decline in inflation and a larger-than-expected decline in crude oil inventories. The Consumer Price Index rose 0.3% last month after rising 0.4% in March and February, while the…
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Crude oil futures settle at $79.12
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Crude oil futures settled at $79.12. This comes out to $0.86 or 1.1%. Crude oil is trading above and below the 100-day moving average Today, the high price reached $79.46. The low price was $77.81. The commodity’s 100-day moving average is $78.38. The price traded above and below the moving…
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Chart Art: WTI Crude Oil (USOIL) Head and Shoulders Breakdown
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Did you miss the neckline breakdown on crude oil? Here are some retracement levels you can watch for if you are still bearish on the commodity. West Texas Intermediate (USOIL) Chart by TradingView Easing geopolitical conflict in the Middle East and a surprise increase in EIA crude oil inventories sent…
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Crude oil trading at session lows going into the settlement
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Crude oil The price of crude oil is trading in the most settled session. The price just reached $78.21. This decreased by $0.74 per day. Looking at the daily chart, the price is moving to new lows during the week and new lows dating back to March 13th. It is…
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Oil prices tumble to seven-week lows on surprise build in U.S. crude stocks (NYSEARCA:USO)
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Slavko Sereda/iStock via Getty Images Crude oil futures fell to their lowest levels in seven weeks on Wednesday after US data showed a sudden and sharp weekly increase in crude oil inventories, as exports fell and refineries reduced their capacity use. The US Energy Information Administration reported Crude oil stocks…