May 8 2023 🕓 3 min
Was there a speculative short selling on crude oil?
Crude oil keeps very volatile, from -17% to +15%. Was it a speculative short selling, or data-based price move?
Tag: crude oil
May 5 2023 🕓 3 min
Oil erases half of the week’s loss – will crude mark a red week?
Oil jumped on Friday after what has been the biggest selloff in recent weeks. Will oil break through and end the week in the green?
May 2 2023 🕓 3 min
Chinese manufacturing data slashed crude – will oil also react to Fed?
Lower than expected PMI number from the biggest crude oil consumer, China, negatively affects the price of the commodity.
April 25 2023 🕓 3 min
Oils’ earnings week is here – so is volatility
Big oil companies are in an earnings week as China opens the sky for air traveling after Zero-Covid policy restrictions.
April 20 2023 🕓 3 min
Oil prices continue Wednesday’s decline
Oil continues its path downward as the US dollar increases and stocks decline as well. More corrections are expected towards the pre-OPEC+ price.
April 12 2023 🕓 3 min
Where is crude going – technical analysis of oil after inflation data
Fresh inflation data kept oil up even with the fact that CPI leaves mixed signals all over the markets.
April 12 2023 🕓 4 min
Fresh data are in – oil reaches three-month highs
Bulls remain in charge, driving oil prices higher after US data. Oil looks like it is ready to reach new highs in a rally.
April 6 2023 🕓 3 min
Crude is building tension while waiting for new data
The crude market is experiencing a "calm after the storm" after the big pump that we have seen recently. Will the price hold?
April 3 2023 🕓 4 min
OPEC+ switched and sent crude oil above $80
OPEC+ switched its policy and shockingly cut the production of crude oil by 1 million barrels. Is $100 level back in the game?
March 30 2023 🕓 4 min
WTI advances toward previous support – more upside in the cards?
If oil is able to overcome recent resistance, we may witness another move upwards for this commodity.
March 28 2023 🕓 3 min
What should you know about Saudi Aramco’s trip to China?
The stabilizing situation in the banking sector calms investors. Fed dovishness weakens the USD and China is backing their demand for crude with Saudi Aramco.
March 22 2023 🕓 3 min
Oil is recovering before Fed’s rate announcement – will it hold?
The crudes outlook definitely seems positive for now. Will the sentiment turn after Fed announces it's decision?