Search Results for: oil
Oil prices dip on rising U.S. supply
October 3rd, 2018
Oil prices dipped on Wednesday, weighed down by a report of rising U.S. crude inventories and an expected increase in production. Despite this, prices remain near four-year highs reached earlier this week ahead of U.S. sanctions against Iran’s oil ...
Elliott wave Analysis: Triangle Finished on Crude Oil; More Upside in View
October 1st, 2018
Crude oil has recently fully unfolded a triangle correction in blue wave 4, which found support near the 67.00 area and from there broke higher. We can see a decisive break above the upper triangle line, which confirms a ...
Will oil prices pass $100 a barrel?
September 26th, 2018
Oil prices hit a four-year high of $82.01 a barrel on Tuesday after Saudi Arabia and Russia appeared to reject calls from the US to increase production amid looming sanctions against Iranian oil. Brent crude hit its highest level ...
Oil prices ease as trade row clouds demand outlook
September 17th, 2018
Global oil prices eased in early Asian trading on Monday on concerns that the United States is poised to impose additional tariffs on China, outweighing supply fears from upcoming sanctions on Iran. Brent crude oil futures dipped 16 cents, ...
Oil prices rose as U.S. drilling for new production stalled
September 10th, 2018
Oil prices rose on Monday as U.S. drilling for new production stalled and as the market eyed tighter conditions once Washington’s sanctions against Iran’s crude exports kick in from November. U.S. West Texas Intermediate (WTI) crude futures were at ...
Oil could surge 30% into the mid-$90s within months: Energy expert John Kilduff
September 4th, 2018
U.S. crude oil hasn’t traded at $95 a barrel in since 2014, but this is the year that could change. Energy expert John Kilduff counts Iran sanctions as the top reason West Texas Intermediate (WTI) could climb as much ...
Oil prices dips on concerns of slowing economic growth
August 20th, 2018
Oil prices dipped on Monday as concerns over slowing economic growth weighed on markets. International Brent crude oil futures were at $71.78 per barrel at 0019 GMT, down 5 cents from their last close. U.S. West Texas Intermediate (WTI) ...
Deutsche Bank traders reaped $35 million on Turkey turmoil
August 16th, 2018
Deutsche Bank AG fixed-income traders generated a $35 million profit in two weeks as economic turmoil in Turkey triggered a slump in assets across emerging markets, according to people with knowledge of the matter. The traders, who work on ...
Crude oil and NZDUSD Aiming for Weaker Prices – Elliott wave Analysis
August 9th, 2018
Crude oil is moving sharply lower after a very nice technical reaction lower from the upper channel resistance line that put highs in play for sub-wave 2) at 69.85. If that is the case, then current drop is part ...
Asian stocks advanced, oil price declined, gold traded around the lowest in a year
July 18th, 2018
Asian stocks advanced after an upbeat assessment on the U.S. economy from Federal Reserve Chairman Jerome Powell comforted investors wary of a blowout in protectionism. Equities climbed from Tokyo to Sydney and U.S. futures edged up after the Nasdaq ...
