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Today we have OPEC's Joint Ministerial Committee meeting. But the real potential market-moving event could be the end of the OPEC meeting tomorrow. With brent refusing to fall below the $100/bbl level, there is a lot of speculation about…
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StockWatch: BP Pulls Out of Russia!

BP is abandoning its stake in the Russian oil giant Rosneft. This marks the most significant move yet by a Western company in response to the invasion of Ukraine. This now puts a spotlight on other Western companies with operations in…
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Brent Oil Started Course in Final 5th Leg

The UKOIL structure shows a bearish impulse. It consists of primary waves ①-②-③-④-⑤. It is likely that the correction wave ④ has completed on a triple zigzag (W)-(X)-(Y)-(X)-(Z) pattern. Its final wave (Z) ended with an ending diagonal…
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brent oil

What to Expect Out of OPEC Meeting

StockWatch: BP Pulls Out of Russia!

Brent Oil Started Course in Final 5th Leg