Crude Oil Futures
Technical Analysis

Technical Analysis Crude Oil Futures (CL)

Introduction Crude Oil Futures (CL) for the most part are trading in a consolidation phase. YTD CL is up 15%. However, the performance has been mixed, influenced by a stronger dollar and global economic concerns, such as the rebound in Russian crude exports​ (Barchart.com)​​ (Barchart.com)​. Weekly Chart Analysis The weekly chart shows CL recently had Read More…

Crude Oil Futures
Fundamental Analysis

Investor Concerns Over Middle East Tensions Lift Oil Prices

Oil prices increased slightly on Wednesday as investors worried about supply due to escalating Middle East tensions. These supply worries overshadowed an unexpected jump in US crude inventories last week. Since the start of the war between Israel and Gaza, there has been a risk of escalation that has supported oil prices. Moreover, ceasefire talks Read More…

Crude Oil Futures
Fundamental Analysis

Oil Declines as Inventory Surge Overshadows Demand Optimism

Oil prices fell on Wednesday as a surge in inventories overshadowed demand optimism and supply concerns. However, there was little volatility as US markets were closed for a holiday.  According to American Petroleum Institute figures, crude inventories rose by 2.264 million barrels last week. Meanwhile, economists had expected stocks to fall by 2.2 million barrels. Read More…

Crude Oil Futures
Fundamental Analysis

Oil Prices Surge After Soft US Inflation, Middle East Tension

Oil prices rose on Wednesday amid ongoing tensions in the Middle East and softer-than-expected US inflation data. However, a slightly hawkish Fed policy meeting at the end of the day capped gains. The ceasefire talks led by the US in the Middle East experienced challenges as Hamas made some unreasonable demands. As a result, this Read More…