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Category: Oil

  • 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…

  • Rubis overtakes TotalEnergies as second largest oil marketer in Kenya

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    Investor Empires

    French oil major Rubis has overtaken TotalEnergies Marketing to become Kenya’s second largest oil marketer on the basis of market share. New official data from the Energy and Petroleum Regulatory Authority (Epra) shows that Rubis’ market share rose to 15.56 percent or 850.194 billion liters as of June this year…

  • Rubis overtakes TotalEnergies as second largest oil marketer in Kenya

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    Investor Empires

    French oil major Rubis has overtaken TotalEnergies Marketing to become Kenya’s second largest oil marketer on the basis of market share. New official data from the Energy and Petroleum Regulatory Authority (Epra) shows that Rubis’ market share rose to 15.56 percent or 850.194 billion liters as of June this year…

  • 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…

  • Asian Stocks Poised to Track US Gains; Oil Drops: Markets Wrap

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    Investor Empires

    Breadcrumb links BMN Business Asian stocks are poised to track another strong performance on Wall Street, with stocks hitting all-time highs. The price of oil fell as concerns about Israel attacking Iranian energy facilities eased. Article writer: Bloomberg News Jason Scott Posted on October 14, 2024 • 4 minutes read…

  • Chinese Stocks Gain in Volatile Trade, Oil Falls: Markets Wrap

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    Investor Empires

    (Bloomberg) — Chinese stocks erased declines to advance in choppy trading as investors weighed the impact of measures announced by the Finance Ministry to revive growth. Most read from Bloomberg The local stock index rose as much as 1.7%. The yuan fell as oil fell, reflecting doubts among some traders…

  • Chinese Stocks Gain in Volatile Trade, Oil Falls: Markets Wrap

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    Investor Empires

    (Bloomberg) — Chinese stocks erased declines to advance in choppy trading as investors weighed the impact of measures announced by the Finance Ministry to revive growth. Most read from Bloomberg The local stock index rose as much as 1.7%. The yuan fell as oil fell, reflecting doubts among some traders…

  • Pemex’s Deer Park oil refinery scales back operations after fatal accident By Reuters

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    Investor Empires

    MEXICO CITY/HOUSTON (Reuters) – Mexico’s national oil company said in a statement late on Friday that Pemex’s Deer Park oil refinery near Houston would operate over the weekend at a reduced level after a deadly chemical leak two days earlier. The state-owned oil company said it was continuing to investigate…

  • Exclusive-Stop Israel from bombing Iran’s oil sites, Gulf states urge US By Reuters

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    Investor Empires

    Written by Samia Nakhoul, Parisa Hafezi and Bisha Majed DUBAI (Reuters) – Three Gulf sources told Reuters that the Gulf states are pressuring Washington to prevent Israel from attacking Iranian oil sites because they fear that their oil facilities will come under fire from Tehran’s proxies if the conflict escalates.…

  • 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…

  • Forexlive Americas FX news wrap: Oil continues to rally as Middle East response awaited

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    Investor Empires

    High risk warning: Foreign exchange trading involves a high level of risk that may not be suitable for all investors. Leverage creates more risk and exposure to loss. Before deciding to trade foreign exchange, carefully consider your investment objectives, level of experience and risk tolerance. You may lose some or…

  • Dow, S&P 500, Nasdaq slide as 10-year Treasury yield, oil jump

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    Investor Empires

    US stocks fell on Monday afternoon as the 10-year Treasury yield (^TNX) jumped above 4% for the first time since August a week before key inflation data and the start of earnings season. The Dow Jones Industrial Average (^DJI) fell 1.2%, about 400 points, after hitting a new record high…

  • Britain’s FTSE 100 rises as oil price jump boosts energy shares By Reuters

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    Investor Empires

    Written by Shubham Batra and Khushi Singh (Reuters) – The British index rose on Monday, supported by gains in energy stocks and a weak labor market report, although losses at precious metals miners capped gains. The FTSE 100 blue-chip index rose 0.3%, while the mid-cap index fell 0.2%. Oil and…

  • Britain’s FTSE 100 rises as oil price jump boosts energy shares By Reuters

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    Investor Empires

    Written by Shubham Batra and Khushi Singh (Reuters) – The British index rose on Monday, supported by gains in energy stocks and a weak labor market report, although losses at precious metals miners capped gains. The FTSE 100 blue-chip index rose 0.3%, while the mid-cap index fell 0.2%. Oil and…

  • Olive oil prices set to halve as Mediterranean bumper harvest looms

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    Investor Empires

    Olive oil prices are expected to fall significantly in the coming months, with experts predicting a potential 50% drop as the largest producing region in the Mediterranean, Andalusia in Spain, prepares for a bumper harvest. The end of prolonged drought conditions is expected to increase production by 77%, with the…

  • Olive oil prices set to halve as Mediterranean bumper harvest looms

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    Investor Empires

    Olive oil prices are expected to fall significantly in the coming months, with experts predicting a potential 50% drop as the largest producing region in the Mediterranean, Andalusia in Spain, prepares for a bumper harvest. The end of prolonged drought conditions is expected to increase production by 77%, with the…

  • 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…

  • Oil price surge draws stock-trading ‘tourists’ into the market

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    Investor Empires

    Reza Delmaghni mostly trades stocks, but he has been moving in and out of the oil market over the past week, weighed down by the biggest weekly rise in crude oil in nearly two years. “Since we got to $67, the price has been rising steadily and quite orderly,” said…