Crude Oil

In a world where every drop of oil and every puff of emission is scrutinized, the Organization of the Petroleum Exporting Countries, or OPEC, has stood as a bastion of optimism by reportedly raising its medium- and long-term oil demand outlook, which will be highlighted in a...

Oil market spectators anticipate a decrease in gasoline prices in the coming months, thanks to Saudi Arabia’s production cuts that have led to high crude prices. According to a report by Business Insider, energy expert Paul Sankey expressed his views on CNBC. He stated that the...

Over the past five trading sessions, crude oil has gained significant attention from traders and investors. Crude oil prices have plummeted over 12% since briefly touching the $95.03 mark. I've delved into the fundamental landscape for this pullback: Producers are lessening their short...

As the world’s fastest-growing economy, the small South American nation of Guyana is projected to double in size over the next five years, driven primarily by its burgeoning oil industry. What Happened: A recent report by CNBC indicates that Guyana, a country with close to 800,000 inhabitants...

Crude oil has captured the attention of investors and traders over the last month due to supply constraints resulting from OPEC+ pressure. Additionally, domestic rig counts have driven crude oil to reach over $90. However, the prevailing question is its ability to maintain these current levels or...

Could the price of oil potentially reach $100 per barrel? This question is currently at the forefront of investors’ minds in the current market landscape with WTI oil trading around $92 per barrel and Brent oil sailing above $95. This psychological milestone could be a cause for concern for a...

As the world watched for a general decline in inflation, a potential 2023 economic surprise might be right around the corner: oil prices surpassing $100 a barrel. Fueled by supply constraints from major oil-producing nations such as Saudi Arabia and Russia, and coupled with an unexpected display of...

WTI crude prices have blasted through the $90 per barrel mark on Friday, hitting levels not seen in the last 10 months. This upward trajectory in oil prices is primarily attributed to an improving global demand outlook coupled with tightening supplies. Over the past three months, the U.S. oil...

Despite the pickup in momentum seen in late August, the market has gone back to its cautious ways with the start of September. Typically, September is one of the weakest periods for the market but analysts see a silver lining in the cloud. They point to the trend of September bucking the historical...

Saudi Arabia and Russia announced Tuesday an extension of crude oil production cuts until December, sending shockwaves through the energy market. The move, which came on a longer time frame than initially anticipated by market participants, is set to have a profound impact on oil prices and...

The crude oil market has been highly volatile, swinging from a high of $129 per barrel in March 2022 to a low of $63 in May 2023. Last week, the market reached a pivotal moment when crude oil prices broke through a key resistance level at $83. The volatile crude oil market has experienced...

By RoboForex Analytical Department The commodity market has stabilised as the new week begins. The price of a barrel of Brent is hovering around 85.40 USD. The price recovery is observed for the third consecutive day. Market expectations are tied to China: there are reasons to believe...

To gain an edge, this is what you need to know today. Consumer Price Index Ahead Please click here for a chart of Apple Inc (NASDAQ: AAPL). Note the following: The Morning Capsule is about the big picture, not an individual stock. The chart of AAPL stock is being used to...

Saudi Arabia has indicated that it might further reduce its oil production. This comes as the country continues its voluntary agreement with Russia to limit oil supply for another month. This decision is made despite the recent increase in crude oil prices, which could potentially reignite...

Crude oil has gained five weeks in a row, almost undetected by investors who are completely focused on the stock market surge fueled by AI stocks and the significant reduction in inflation. Such a winning stretch has not occurred in the oil market in over a year and a half, with the most...