Oil prices rebounded on Thursday amid supply concerns as the war between Russia and Ukraine escalated. In the previous session, oil ended down as US crude inventories came in higher than expected. The war between Russia and Ukraine escalated on Thursday as the two countries exchanged missiles. This came after Ukraine used US missiles to Read More…
Crude Oil Futures Introduction Crude oil futures are showing some bullish support after testing the $68 level again. This level is proving to be a fortress for bulls, requiring significant selling pressure to break lower. At the moment CL looks bullish and there are a few things that we can look at to reinforce this. Read More…
Introduction Today, we have another amazing withdrawal and trader story to share with you: the inspiring story of Geoffrey, a registered nurse from the United States who has successfully balanced his full-time healthcare career with a funded trading account at OneUp Trader. In just six days, Geoffrey withdrew $13,000 from his funded account, with each Read More…
Oil prices fell on Wednesday and Thursday as traders digested the implications of a Trump presidency. At the same time, dollar strength has weighed on prices by making oil more expensive for foreign buyers. Meanwhile, market participants awaited the FOMC policy meeting, which is coming later on Thursday. Dollar vs Brent (Source: Bloomberg, ICE) Results Read More…
Oil prices gained over 2% on Wednesday and continued to climb on Thursday after an unexpected drop in gasoline and crude inventories. At the same time, a report that OPEC+ might delay its planned production increased boosted prices. Oil futures (Source: ICE) Data on Wednesday revealed that gasoline inventories fell by 2.7 million barrels last Read More…
CL futures suffer worst day in two years Crude oil markets experienced their steepest single-day decline in nearly two years on Monday, with WTI crude plunging over 6% to settle at $67.38 per barrel. The sharp selloff came as traders unwound risk premiums built up in anticipation of potential disruptions to Iranian oil facilities, which Read More…
