Record Breaking DealCrude oil prices remain under pressure through the middle of the week amidst news of the COP 28 climate deal. The almost 200 nations represented at the COP28 summit agreed on a...
Crude Recovery Continues... For Now
Crude BouncingCrude oil prices are rising today and are on course to post their fourth consecutive session in the green. However, the recovery looks tepid and bullish momentum looks weak against the...
Crude Sinks on China & Oversupply Fears
Crude Breaks SupportCrude oil prices sank to fresh 5-month lows yesterday as a combination of concerns over the Chinese economy and excess supply in the oil market weighed on sentiment. News that...
Crude Fails To Rally Following OPEC+ News
OPEC News Lacks BiteCrude oil prices remain mostly muted as we move through the European morning on Tuesday. Just days on from OPEC+ announcing an extension of its current production cuts, the market...
Crude Falls on Signs of OPEC Tensions
Crude LowerCrude prices have turned lower into the end of the week following yesterday’s OPEC+ meeting. The market was widely expecting the group to announce an extension of current production...
Will OPEC Make Or Break Crude Recovery Rally?
OPEC in FocusCrude oil futures are hovering around the $78 mark today ahead of the OPEC+ meetings taking place later. The market has seen better trading over the last few days, taking advantage of a...
Crude Under Pressure Ahead of OPEC+ Meeting
Crude Lower on MondayOil prices are under pressure on Monday as traders brace for the latest OPEC+ meeting later this week. The cartel and associated allies are widely expected to extend and/or deepen...
USD Weakness Driving Crude Recovery
Crude Rallying on USD WeaknessCrude oil is starting the week in a healthier fashion with the crude futures extending the gains seen on Friday through early trading today. The main driver behind the...
Oil Slump Deepens On US/China Econ Fears
Crude Pushing LowerOil prices have broken down to fresh four-month lows this week as bearish sentiment continues to build. Crude futures are now down around 25% from YTD highs and look poised for...
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