Crude Prices continue to fall with a multi-year trend line broken to the downside The next support level to watch is $87.61 Inventory Report will be the main focus for Investors on Wednesday Crude Oil has traded down since our last technical analysis overview of the commodity with prices now at $85.47 per barrel. Once Read More…
The crude oil futures trades higher as the supply side faces several hindrances. EU’s embargo on Russian oil may result in higher crude oil prices. OPEC+ favors the limited price hike after the EU’s ban. The price of crude oil futures (CL) traded higher due to supply-side factors, such as the Organization of the Petroleum Read More…
Crude oil slips lower as the COVID spread in China deteriorates amidst lower risk sentiment. Higher interest rates are weighing on CL futures. Tight oil supplies provide some support to the falling prices. The crude oil futures (CL) price fell nearly 5% on Monday, extending a decline that began last week amid worries about the Read More…
Crude oil futures tend to fall further amid rising Covid in China. The release of the US oil supply may fuel the bears further. The technical bias remains on the downside. During mid-morning trading on April 11 in Asia, crude oil futures (CL) fell on concerns over China’s handling of the COVID-19 surge and stockpiling Read More…
Crude oil is one of the most popular commodities in the world. Most of the world’s crude oil is produced in the Middle East and Russia. The most important by-products are gasoline, diesel, and jet fuel. Common uses for crude oil include plastics, clothing, furniture, and food. There are different types of Crude oil futures. Read More…
Crude oil is a “spiky” commodity. Now and then, someone will truly require it, today, and can pay a high price for immediacy. The industry for oil in Cushing, Oklahoma may be moderately effective, but what occurs when somebody in Peoria requires oil now? A good business potential! Instead of managing a hotel, you construct Read More…
