Crude Oil

After last week’s failure to break higher in Brent and WTI, which showed a clear bearish signal on the weekly chart, both crudes declined sharply at the beginning of this week. Brent declined all the way to $50 while WTI Crude managed to touch 47 during yesterday’s trading. However, both Brent and Crude recovered some of their last week’s decli...

2017-08-16 Nour Eldeen Al-Hammoury Read more
Crude Oil_WTI_0106

Once again Crude Oil Prices showed further signs of weakness, despite all of the measures that have been taken by the Oil producers, whether OPEC or Non-OPEC members. Every day we are receiving new statements by many of the producers saying that Crude Oil stabilization is the goal and that the commitment ratio for the output cut is more than 10...

2017-08-11 Nour Eldeen Al-Hammoury Read more
Oil prices

Since the announcement of the OPEC deal in December, there are no doubts that Crude Oil prices have stabilized, including Brent Crude and WTI Crude. However, since the beginning of the year, the prices have been trading within a tight range and stuck below key technical levels. In today’s article, we will take a look at these levels, why the pr...

2017-01-12 Nour Eldeen Al-Hammoury Read more