Barrel

News of a demand downgrade for crude oil, and reports that Israel will avoid hitting Iranian oil facilities, prompted another big drop for oil prices.

2024-10-15T22:59:13+0100

​​​WTI crude oil price remains under pressure​ for fundamental and technical reasons and may reach the $64.00-to-$62.00 region.​

2024-09-09T23:24:08+0100

Rising US employment costs elevate the dollar, amplifying expectations of prolonged high rates pre-FOMC, impacting oil market outlooks.

2024-05-01T06:32:15+0100

Marginal Cushing stock build could limit oil upside, IEA revises oil demand growth lower; brent crude oil flirts with the 200-day SMA and WTI testing major zone of resistance into the end of the week.

2024-02-16T04:19:56+0000

The group decided to reduce production by an additional one million barrels per day.

2023-11-30T16:09:49+0000