Crude Stabilises Following Fresh Drop Lower - EIA Up Next
OPEC Cuts Demand Forecasts on China OutlookOil prices are looking tentatively more stable today following a sharp drop yesterday. Crude futures sank to their lowest level since May 2023 as concerns...
US Hurricane Risks Supporting Crude
Crude Holding at SupportCrude prices are looking a little more buoyant today following heavy selling over last week. Crude futures were seen sliding from the 77.64 level down to support at 67.45 where...
Crude Breaks Key Support Level
Crude Fall DeepensOil prices remain under pressure this week with crude futures falling to their lowest level since December 2023. The move comes despite ongoing weakness in the US Dollar and reflects...
Crude Higher On Elevated Middle East Tensions
Middle East ImpactCrude oil prices are looking more tentative across early trading on Tuesday. This follows a fresh push higher yesterday driven by heightened uncertainty linked to the ongoing...
Oil Recovering Following EIA Drawdown Data
Crude Fighting BackFollowing heavy selling across the start of the week, oil prices have since stabilised and are now starting to recover. Crude futures found support into the 72.61 level with the...
Oil Heavily Sold Despite USD Weakness
Crude Under PressureOil prices have been under heavy selling pressure over the last week with crude futures reversing sharply from highs around the $80 mark. Price is now testing the 72.61 level...
Crude Rally Fading Sharply As Demand Concerns Hit
Crude Under PressureFollowing a solid rally at the start of the week, oil prices have run into heavy selling interest over the week. Crude futures are down around 6% from the week’s highs as demand...
Oil Prices Soar on Rising Geopolitical Risks
Middle East Oil ImpactOil prices are trading higher at the start of the week with crude futures extending gains from last week. The market is now up around 8% from last week’s lows as bullish...
Crude Rallies on EIA Data & Middle East Fears
Fresh EIA Draw Boost OilCrude oil prices spiked higher yesterday after news of a larger-than-forecast inventories drawdown, as recorded by the EIA. Falling by a further 3.7 million barrels, US crude...
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