Crude Breaking HigherOil prices are this week trading at their highest levels since April. Crude futures have put in a solid rally over the last month, rising by over 17% from the July lows. Price is...
Weak USD & Fresh China Measures Supporting Crude
Oil Rallies on Weak USDOil prices are climbing on Thursday following the July FOMC yesterday which has seen USD coming under fresh selling pressure. Crude futures are now trading back up towards the...
Crude Breaks Out As China Announces Fresh Econ Support
Oil On the RiseCrude prices were seen breaking out to their highest levels in over 3 months yesterday. The rally came amidst the broad uptick in risk appetite we saw in response to the Chinese...
Crude Calm Ahead of Central Bank Storm
Oil Holding Near HighsCrude prices are sitting just below last week’s highs as we kick off a key week of central bank meetings. Rapidly increasing interest rates have been a major headwind for oil...
Crude Steady Following Fresh EIA Deficit Data
Fresh Inventories Deficit SeenCrude prices continue to hold within last week’s range as the latest EIA inventories yesterday failed to provide the catalyst for a fresh directional move. The EIA...
Crude Recovery Stalling As China Data Concerns Weigh
Crude Caught Between Opposing DriversOil prices are looking a little more stable today on the back of two days of heavy selling. An uptick in USD alongside fresh fears over the health of the Chinese...
Crude Breaking Out Ahead of EIA Inventories Release
Oil RallyingOil prices are trading firmly higher into the middle of the week with crude futures expanding on last week’s gains. The rally has seen futures trading higher by around 12% off the June...
Crude Rallies As Data & OPEC Cuts Support
Cuts Supporting Oil PricesCrude oil prices are rising into the end of the week with crude futures once again testing the 72.61 level. Fresh production cuts from Saudi Arabia and Russia at the start of...
Fresh Cuts Announced Ahead of OPEC+ Meeting Tomorrow
What is OPEC?The Organization of the Petroleum Exporting Countries (OPEC) is a collective organization of 13 oil-producing nations that aims to coordinate and unify their petroleum policies....
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