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Oil markets spiraled on the news, falling as much as 4% on Thursday. A report that Saudi Arabia would ditch its unofficial crude price target sent crude oil prices sharply lower on Thursday.
Brent crude futures rose to $74.60 a barrel on Tuesday and US West Texas Intermediate crude was up at $71.66 a barrel. For the year, Brent declined 3.2%, while WTI was down 0.1%. For the year ...
U.S. crude oil and distillate inventories were expected to have fallen last week, while gasoline stocks likely rose, a preliminary Reuters poll showed ahead of a report from the American Petroleum ...
Earlier this week, the Energy Information Administration (EIA) said it forecasts Brent crude oil spot price will increase from an average of $78 per barrel in December to an average of $84 in the ...
Crude oil continues to sit still and wait for the OPEC decision coming out of the meeting. This is a market that still has plenty of support underneath though. Crude Oil Price Forecast – Crude ...
Based on the current price at $69.01, the direction of the October WTI crude oil market today is likely to be determined by trader reaction to the Fib level at $68.46. A sustained move over $68.46 ...
Based on the early price action, the direction of the June WTI crude oil futures contract the rest of the session is likely to be determined by trader reaction to the steep uptrending Gann angle ...
The crude oil markets have rallied a bit during the course of the trading session on Friday, to close out the week on the highs as momentum continues to pick up. Crude Oil Price Forecast – Crude ...