TAG: wti-crude-oil
Natural Gas and Oil Forecast: Middle East Risks Elevate Bullish Oil Trends
Market OverviewOil prices experienced a surge, driven by promising demand indicators from China and the U.S., alongside escalating Middle East tensions impacting supply concerns. Improved manufacturing activity in China and the U.S. hints at a robust dema...
6 months ago
Hang Seng Index, Nikkei 225, ASX 200: Forecasting Responses to US and China Indicators
US Equity Markets React to Inflation and Manufacturing PMIsOn Monday, the US markets had an opportunity to react to the US Personal Income and Outlays Report and Fed Chair Powell commentary. The Core PCE Price Index increased by 2.8% year-on-year in March...
6 months ago
Natural Gas, WTI Oil, Brent Oil Forecasts – Oil Tests New Highs Amid Rising Tensions In The Middle East
Natural GasNatural Gas 010424 Daily ChartNatural gas is moving higher as traders bet that it would not be able to settle below the key support at $1.60 – $1.65.If natural gas stays above the $1.80 level, it will head towards the resistance at $1.95 – $2.0...
6 months ago
Crude Oil News Today: Russia’s Taneco Refinery Attack Stirs Supply Worries
Light crude oil futures are showing significant strength on Tuesday, as they near levels not seen since October last year. This bullish trend is being fueled by a complex interplay of geopolitical events, evolving demand in key markets, and strategic move...
6 months ago
Crude Oil Price Forecast – Crude Oil Rallies Again
WTI Crude Oil Technical AnalysisThe WTI crude oil market has rallied rather significantly during the course of the early hours on Tuesday as we have now reached the crucial $85 level. $85 is an area that a lot of people will be paying attention to. It doe...
6 months ago
Natural Gas, WTI Oil, Brent Oil Forecasts – Oil Tests New Highs As Traders Stay Focused On The Middle East
Natural GasNatural Gas 020424 Daily ChartNatural gas is moving higher as the rebound continues. Colder weather forecasts provide support to natural gas markets.From the technical point of view, natural gas is moving towards the nearest resistance level a...
6 months ago
Hang Seng Index, Nikkei Index, ASX 200: Futures Flash Red Pre China Services PMI
US Equity Markets: US Factory Orders and Job OpeningsOn Wednesday, overnight US economic indicators warrant investor attention amidst increasing uncertainty about a June Fed rate cut.JOLTs job openings remained steady at 8.75 million in February after a d...
6 months ago
Crude Oil News Today: Will Escalating Global Tensions Further Boost Prices?
Week in Review: A Surge in Crude Oil PricesLast week’s oil market saw a significant rally, with Brent and West Texas Intermediate (WTI) crude oil benchmarks rising nearly $4 a barrel. This increase, reaching the highest levels since October, was spurred b...
6 months ago
Natural Gas and Oil Forecast: Oil to Exhibit Buying Opportunity Today
Market OverviewOil prices fell over $1 per barrel as tensions in the Middle East subsided, with Brent dropping below $90. This decrease followed Israel’s partial troop withdrawal from Gaza and its engagement in ceasefire discussions, tempering fears of su...
6 months ago
Crude Oil News Today: Gains Capped by Softening Middle East Tensions
Oil Market Gaps LowerLight crude oil futures are displaying notable movement on Monday, starting with a sharp 3% drop, followed by a partial recovery. This volatile movement is being primarily influenced by global events and economic data releases.At 09:4...
6 months ago
Crude Oil Price Forecast – Crude Continues to See Upward Pressures
WTI Crude Oil Technical AnalysisWest Texas Intermediate Crude Oil Market broke down below the $85 level. And as you can see, we have seen a lot of buyers and now it looks like we will continue to see a lot of upward pressure. That being said, I think this...
6 months ago
Natural Gas, WTI Oil, Brent Oil Forecasts – Oil Rebounds From Session Lows As Hamas Rejects Ceasefire Proposal
Natural GasNatural Gas 080424 Daily ChartNatural gas is moving higher despite weather forecasts, which indicate that demand will be weak in the upcoming days.In case natural gas manages to settle above the $1.85 level, it will head towards the nearest res...
6 months ago
Hang Seng Index, Nikkei 225, ASX 200: Futures Flash Green Ahead of the US CPI Report
US Equity Markets: US Consumer Inflation ExpectationsOn Tuesday, US consumer inflation expectations numbers from Monday warrant investor attention. Consumer inflation expectations remained steady at 3.0%. Economists forecast consumer inflation expectation...
6 months ago
Natural Gas and Oil Forecast: Brent at $90.50, WTI $86.50; Upside Next?
Market OverviewOil prices increased due to fading hopes for a ceasefire between Israel and Hamas, raising tensions in the Middle East. Brent crude futures climbed above $90.50, while West Texas Intermediate (WTI) crude reached above $86.50.The geopolitica...
6 months ago