Crude Oil Futures
Fundamental Analysis

Oil Prices Hold Flat Amid US Holiday and Mixed Data

Oil prices held flat on Thursday as the US observed the Thanksgiving holiday. Moreover, US crude and gasoline inventories data in the previous session revealed a mixed picture of demand.  Data on Wednesday revealed that US gasoline inventories increased by 3.3 million barrels. Meanwhile, economists had expected a 46,000 barrel draw. At the same time, Read More…

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Announcements

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Introduction Attention traders! OneUp Trader is running a limited-time promotion: 35% OFF on all regular evaluations. This is your chance to take advantage of our premium product at a fraction of the cost. You can redeem this code once per email, and you can get funded on up to three accounts at the same time! Read More…

Crude Oil Futures
Fundamental Analysis

Oil Prices Rebound as Russia-Ukraine War Escalates Supply Concerns

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 (CL)
Technical Analysis

Crude Oil Futures Weekly Technical Analysis – November 18, 2024

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…