Crude Continuing HigherCrude oil prices continue to rally this week with the market breaking out to fresh highs for the year. The market has been firmly bullish on the back of the recent news that...
Oil Surges As Saudi Arabia & Russia Extend Production Cuts
Oil Cuts ExtendedCrude prices broke out to yet further new highs for the year yesterday. The move was driven by news that Saudi Arabia and Russia have extended their additional production cuts through...
Crude Higher on OPEC+ Expectations
OPEC+ Supply Cut Expectations Driving CrudeCrude prices are starting the week on a softer footing after breaking out to their highest levels since November 2022 on Friday. The main driver behind the...
Crude Turning Higher Ahead of EIA Release
Weaker USD Helping Oil BullsCrude prices are rising today ahead of the next EIA release scheduled for later this afternoon. The current weakness in USD is helping underpin the market, which is also...
Crude Heavily Lower Ahead of EIA & US PMIs
Crude Slumps on China ConcernsCrude oil has taken a further turn lower this week. After a sustained rally over July which saw prices hitting fresh highs for the year earlier this month, crude futures...
Crude Rallies On Lower OPEC Exports
OPEC Cuts Supporting OilOil prices are starting the week on a solid footing with crude futures in the green across early European trading on Monday. News of reduced oil exports from OPEC+ this month...
Crude Pulling Back Over China Economic Fears
Oil Under PressureOil prices have pulled back sharply this week with crude futures dropping around 5% from last week’s YTD highs. The driver behind the current weakness has been an uptick in concerns...
Crude Breaks Out to Fresh YTD Highs
Crude Continuing HigherCrude prices today broke out to their highest level since November 2022 as the rally off the YTD lows continues to gather pace. Crude futures are now up more than 30% off the...
Crude Capped by Rising USD & Weak China Data
Rising USD Stalls CrudeCrude prices are reversing this week following a solid rally over July that saw crude futures gaining almost 20% off the lows. Price made it as high as a test of the 82.59 level...
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