Crude oil has broken below a major price level and currently trades at $54. The following Crude Oil Elliott wave analysis suggests further price decline.
Crude oil price spiked by as much as 19.5% as the markets reopened after the weekend attacks on Saudi Arabia’s biggest refinery.
Crude oil price extends its winning-streak into a fourth straight day today, rallying 1% to reach the highest levels since last Wednesday at $56.27.
Crude oil price broke its Asian upside consolidation phase in Europe and reached fresh 5-day highs at 55.28 before reversing sharply.
Crude oil price is seen consolidating the recent up move to two-week highs of $ 58.58, as the bulls take a breather ahead of EIA report.
Crude oil price falls sharply yesterday to settle at the $56.30 to $56.50 support area and the selling continues this morning.
Crude oil price gets the expected support from the $59.28 level, edges a bit higher to $59.5.during today’s early session.
As expected, Crude oil price recovers higher to the $55.73 resistance level after regaining traction during yesterday’s and today’s early session.
Crude oil price slips after the EIA released its weekly inventories report that showed that there was a drawdown of more than 1.396 million barrels per wee
Crude oil price jumped to a YTD high. Brent and WTI reached highs of $70.50 and $63.45 respectively. Will the upward trend continue?
Crude oil prices caught some lift on Thursday with WTI barrels knocking on 70.00 before settling just beneath the critical level heading through Friday's trading. What next can traders expect? Gain insight into this 3 August WTI Crude Oil Fundamental Forecast.
The barrel of WTI clings to moderate gains above the key $60 threshold. But the question is why did WTI prices surge above $60? Let's discuss this.
WTI meets fresh supply as it tests $ 62.50 ahead of US drilling data.Are the losses capped by a fresh USD selling? Details on this are provided on the 23 February WTI Price Technical Forecast.
The 4 January WTI Price is Above $62 as the sentiment was lifted by rising geopolitical tensions in the OPEC’s key producer Iran. What is Next?
Bahrain announced on Wednesday the size of the oil reserves in the giant discovery that it had made, and figures dwarf the proved reserves that the island kingdom in the Persian Gulf had prior to the latest oil find. What is the current estimate? Take a look at this 5 April WTI Crude Price Fundamental Analysis.
Get updated on the 9 January WTI Fundamental Outlook as the Iranian Oil Minister Zanganeh said that the OPEC doesn’t want oil prices above $60 per barrel.
According to a report, oil prices could rise due to the perfect storm of stagnant supply, geopolitical risk, and a harsh winter. Consequently, how are Expectations of rising US crude production and stockpiles weigh affecting the black gold? Gain insight into this 17 April WTI Crude Oil Price Technical Forecast.
The barrel of WTI stalled its recent up move and fell sharply towards the $63 threshold. You may want to know; Will WTI Crude Oil Price Regain $64 Mark?
The recent ramp-up in the Syrian civil war propped up oil prices significantly. However, how does the bolstering effect of tensions over American involvement in a missile strike on Syria's chemical weapons impacted the price of the black gold? Learn the answer from this 20 April WTI Crude Oil Fundamental Outlook.