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Latest Oil News

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Russia Plans to Launch Oil-Backed Cryptocurrency

Feb 26, 2019
Maya Mandz
Russia considers to launch its own oil-backed cryptocurrency and adopt a legislative act on digital coins. How will this benefit Russia and OPEC?
Qatar Announces Withdrawal from OPEC
Qatar Announces Withdrawal from OPEC
Dec 03, 2018
Maya Mandzikasvili
From January 1, 2019, Qatar will withdraw from OPEC. This decision was announced on Monday by the new Minister of Energy of the country, Saad Al-Kaabi. How did this news impact the trading of oil?
Petro to Enter OPEC as Unit of Oil
Petro to Enter OPEC as Unit of Oil
Nov 13, 2018
Redwan Eid
Constant attempts to rescue the economy after the government's bankruptcy, and the Petro looms in the horizon as a solution.
Members of the Organization of Petroleum Exporting Countries (OPEC) emerged from a summit on Friday with an agreement to boost crude oil production. In the meantime, how is the black gold trading? A technical picture is painted in the following 22 June WTI Crude Oil Technical Analysis.
Oil is set to continue Monday's bounce into fresh multi-year highs. But what could knock crude lower? Gain insight with today's 22 May WTI Crude Oil Price Technical Analysis.
WTI price is off-highs as it flirts with $66 ahead of US rigs data. Peer into the 2 February WTI Price Fundamental Forecast for more details.
Venezuelan Oil-backed Cryptocurrency Petro ICO is about to take place in March. It appears that investors from Brazil are ready to invest $300 million in Venezuela, starting with a $100 million inversion investment.
The prices of the West Texas Intermediate are dropping further south, trading at fresh 4-day lows. What factors drove oil prices down? Gain insights on the black gold with today's, 1 March WTI Price Technical Forecast. 
How will the oil market situation unfold in the upcoming year? We discuss the five 2018 Oil Market indicators investors should watch.
Light Crude Oil prices reverses at Fibonacci Retracement 61.8% at 47.24 and now finds resistance at 50.00
14/05 Crude Oil falls back
14/05 Crude Oil falls back
May 03, 2018
Amandeep Sonewane
Crude Oil falls back from session high on report of stronger production.
Oil dropped after Iranian nuclear deal
Oil dropped after Iranian nuclear deal
May 03, 2018
Edmundas Povilavicius
Oil dropped after Iranian nuclear deal! It has been over a decade of negotiations with finally some good results, now that the Iranian nuclear deal is reached...
22/09 Crude Oil jumped 4%
22/09 Crude Oil jumped 4%
May 03, 2018
Amandeep Sonewane
Crude oil jumped higher on Monday, following a report from OPEC which had they forecasting the price of crude oil moving back to $80 per barrel in year 2020...
Barclays Head of commodities: Oil is trading up
Barclays Head of commodities: Oil is trading up
May 03, 2018
Edmundas Povilavicius
Oil's current supply and demand equilibrium is the dominating catalyst, according to Barclays head of commodities, and scope for oil is towards $50 a barrel
30 Sept 2014 Light Crude Oil Analysis
30 Sept 2014 Light Crude Oil Analysis
May 03, 2018
Amandeep Sonewane
Oil and gas supplies tighten as refinery failures force unplanned repairs while seasonal maintenance are carried out, Light Crude Oil off lowest for the year.
Gains in light crude oil prices are short lived as $78 resistance yesterday saw price slide back towards this year's low.
Falling oil prices took some respite from the retracement but fails to over come $55 barrier as the week begins with Light Crude Oil trading below $53
Light Crude Oil prices show signs of resistance at 53 just below the previous resistance price at 53.55
With its descending triangle formation will the USDCAD break above or Break below? Follow the statements from BOC and the FED
Light Crude Oil prices broke above the yearly resistance at 54 with candles now looking to continue rising towards the next key price level at 60