EIA

Crude prices have become increasingly harder to predict, particularly in the medium- to long-term. Analysts have made a series of miscalculations about supply and demand, which has left some traders wondering if new models will be needed to…
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The price of crude oil has been a lot less volatile this week, slowly drifting higher. But WTI seems to be having some trouble breaking through the $75/bbl level. There are a lot of factors pushing and pulling crude prices, but they seem to…
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GBPUSD seeks support The pound’s rally stalled after Britain’s core CPI dropped below 3% in September. The pair’s recovery has picked up the pace after a close above the daily resistance at 1.3730. 1.3900 is the main hurdle and a…
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Later today, the EIA will disclose the latest crude inventory data from the US. What's been pushing the market lately was the EIA's monthly oil inventory report release. The contrast between their outlook and OPEC's views could be…
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Last night, Hurricane Ida hit Louisiana square in the middle of the heart of US oil transport and refining. While the press makes a comparison to Katrina, traders need to assess how this is likely to affect the markets. Experts…
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After falling through most of the month, crude prices finally hit a rebound this week. Generally, the weakness can be incidental to concerns over the potential slowing of the economy because of the delta variant. But that might be too…
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