March 17 2023 🕓 3 min
Oil set for the most significant weekly decline in multiple months
A very bearish week for oil is set to end with further losses on Friday. Where can the black gold be heading after the weekend?
Tag: crude oil
March 16 2023 🕓 3 min
Banking is re-gaining confidence – crisis averted?
It seems like the bank business is holding together for now. Multiple entities stepped in to help each other out of a crisis situation.
March 14 2023 🕓 3 min
Oil falls amid rising yields – US inflation is out
It looks like oil could return to the $70s as a large technical formation might signal further losses.
March 10 2023 🕓 3 min
Oil spikes after hot US jobs data
Volatile oil trading was observed after this week’s headline US macro data.
March 8 2023 🕓 3 min
More Fed fears are fueling increased volatility
Fed char Powell keeps traders on the edge as rates might be hiked more rapidly again. Next stop, NFP data on Friday.
March 6 2023 🕓 3 min
The markets reflect anticipation of a big data week
Traders are on their feet at the start of a mega data driven week. This has not been in favor of the US dollar so far.
March 6 2023 🕓 3 min
Crude oil skyrockets above $80
Crude oil has entered the area above the level of $80. China's economic recovery is still crucial for the commodity as nervosity raises.
March 1 2023 🕓 2 min
Rally in crude oil seems short lived – where is oil heading now?
Crude oil's rebound seems to have been short lived as prices fall back down after the US session opens.
February 22 2023 🕓 3 min
Traders prepare for a bumpy season in crude oil
Volatility in crude oil continues and fear of further development pushes commodity traders to reduce their money in markets.
February 14 2023 🕓 3 min
Oil trades lower as new data hit the market
WTI oil headed lower today as a combination of negative news undermined the commodity.
February 9 2023 🕓 3 min
Oil slips after a short-term rally
It looks like this week’s uptrend might be over as oil remains below $80.
February 7 2023 🕓 3 min
Macro data slashed the crude oil down – can it go lower?
Last week was not very good for crude oil. Fed, OPEC, and fear of recession negatively affected the black gold, which went under $73.