Tag: oil

Oil as one of the crucial commodities needs to be closely followed as it brings important data on several markets and can affect different asset classes as well.

Will oil stay above $80?

Will oil stay above $80?

Despite the negative sentiment in the markets, oil rose notably as reopened China boosts demand expectations.
WTI crude oil hints short term bullish run

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. 
USD/CAD falls amid surging oil, anti-dollar mood

USD/CAD falls amid surging oil, anti-dollar mood

Today, the US dollar was under pressure as the US manufacturing PMI and services PMI disappointed, while Oil prices recovered from this year's lows.
Traders await Fed’s decision next week

Traders await Fed’s decision next week

US markets today have been showing all kinds of results. Among others, oil seems to be oversold the most.
Markets calmed down as traders are expecting fresh big data

Markets calmed down as traders are expecting fresh big data

Stocks finally end losin streak despite markets on Thursday show lower volatility. Traders await more data next week.
Is energy sector undervalued despite its massive rally?

Is energy sector undervalued despite its massive rally?

Bulls must defend the 200-day average in order for the energy sector to remain in an uptrend.
Turbulence on the stock market, investors fleeing to dollar

Turbulence on the stock market, investors fleeing to dollar

Dollar kept its value on Tuesday, watching tech stocks and oil drop as investors flee amid recession fears.
Oil on a roll – will it close in green again?

Oil on a roll – will it close in green again?

US oil is shooting up for the third day in a row as US API Weekly Crude Oil Stock decreases by almost 8 million barrels.
Chevron receives permit for oil production in Venezuela

Chevron receives permit for oil production in Venezuela

Chevron has been given permission to resume oil production in Venezuela. All exports are expected to go back to the US.
Chinese oil giant invests nearly $2 billion in Brazil

Chinese oil giant invests nearly $2 billion in Brazil

China's CNOOC has bought a stake in a production-sharing contract in the huge offshore Buzios oil field in Brazil.