February 1 2023 🕓 3 min
Oil ticks higher amid unrest in Middle East
Oil advanced as investors expect the global demand to pick up, mostly due to China.
Tag: crude oil
January 26 2023 🕓 2 min
Crude oil goes to the side with the Fed ahead
Crude oil stays in close range thanks to weaker inventories and fear from China’s economic activity. Eyes on Fed rate decision.
January 23 2023 🕓 3 min
Oil stays up as China celebrates a week of the Lunar New Year
It is China's vacation week, therefore the rest of the world is trading oil mostly blindfolded. But no news equals good news.
January 19 2023 🕓 2 min
Will oil stay above $80?
Despite the negative sentiment in the markets, oil rose notably as reopened China boosts demand expectations.
January 15 2023 🕓 5 min
Commodities outlook for 2023 – where is gold, oil or wheat headed?
In this article, we take a look at the most traded commodities - gold, oil and wheat. Lets try to paint a picture for 2023.
January 12 2023 🕓 3 min
Oil after inflation data – hurrah for the bulls!
Oil is enjoying another green day after the US Consumer Price Index release. News are suggesting Fed could slow down the hikes even more.
January 5 2023 🕓 3 min
Oil erases gains on Thursday as sentiment stays bearish
Thursday's rally could prove short lived as bears tend to sell all the rallies in oil. 2023 does not look promising for the bulls so far.
January 3 2023 🕓 3 min
First day of trading sees huge moves all around
Tech selloff continues and will likely not stop soon. Recession fears feed the big oil bears.
January 3 2023 🕓 3 min
Oil stuck near strong resistance – fight for $80 continues
Bears remain in control of oil for now as sentiment remains pessimistic.
December 29 2022 🕓 3 min
Oil falls and stays below key support – where can it go next?
A weaker dollar helped to offset some of the worries about demand caused by the rising number of Covid cases in China.
December 27 2022 🕓 2 min
Oil attacks a significant level as sentiment improves
Should oil close above $80 again, it could lead to another rally in crude prices. China sparks positive sentiment for buying.
December 21 2022 🕓 3 min
WTI crude oil hints short term bullish run
The current pullback from $70 shows that the uptrend could last for a while, with the price going up to between $80 and $84.Â