Crude Higher on Bullish Demand OutlookCrude prices continue to climb as we move through the back of the week with crude futures on course for the best run since March. Expectations of a lift in demand...
What's Driving Crude Prices Higher?
Summer Demand ExpectationsCrude prices are shrugging off the impact of a stronger US Dollar and weaker China data this week with crude futures seen pushing up to fresh highs for the month. The market...
Crude Recovery Hinges on Fed Tomorrow
Crude Attempting to RecoverCrude prices are looking a little softer through the European morning session on Tuesday, but remain well up off last week’s lows. Crude futures are currently sitting just...
Crude Bulls Hoping For Weak NFP Today
Crude ReboundingCrude prices are trading up off the weekly lows ahead of the all-important NFP release later today. Crude futures have recovered more than 4% following heavy selling at the start of...
Crude Plunges As Bearish Sentiment Builds
OPEC+ Concerns Hit OilOil prices have collapsed lower this week with crude futures down more than 6%, fast approaching a test of the YTD lows. The move comes on the back of the OPEC+ meeting over the...
Crude Struggling to Rally Despite Fresh OPEC+ Extension
OPEC+ Extends FurtherCrude prices are seeing very muted action at the start of the week with crude futures roughly flat across early European trading on Monday. The lack of volatility comes despite...
Crude Recovering Off Key Support
Crude Pops on Weak USDCrude prices are turning higher today with crude futures seen rallying back above the 77.64 level following a breakdown below the level last week. A weaker US Dollar is certainly...
Oil Testing Key Support After EIA Data
Crude Drops on USD RallyOil prices continue to trade lower this week as a resurgent US Dollar and hawkish Fed expectations weigh on sentiment. Crude futures have slipped by almost 4% this week and are...
Crude Holds Key Support After Channel Break
Middle East ImpactFollowing the heavy sell off on May 1st, oil prices have been muted over the month so far with crude futures settling into a tight range. Price have been caught between support at...
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