oil

Dollar Continues to Fall Ahead of NFP The US index fell deeper towards the 90 handle yesterday as it closed 0.42% lower. Whilst economists are expecting a fifth straight monthly increase in jobs, the figures are likely to miss… Read More

Crude oil prices are trading flat near the resistance level of 45.00. This comes as price action is consolidating here for the past few sessions. The commodity held its ground despite OPEC+ agreeing to increase oil output, rather… Read More

Dollar Freefall Continues The US index accelerated its decline yesterday, closing 0.24% lower towards the 90 handle. Currencies that comprise the dollar index such as the euro, Swiss franc, and sterling have reached multi-year highs,… Read More

Risk On Mode Helping Oil Crude prices have been helped higher again this week by the continued improvement in risk appetite. Markets are focusing more on more on incoming vaccine news. This week Pfizer and Moderna announced both have… Read More

Oil prices are trading bullish with price action rising over 2.5% intraday. The gains come as oil prices get a boost from a weaker US dollar. Furthermore, the weekly inventory report also saw a modest decline. This sent oil prices to… Read More

Oil prices are trading weaker on Tuesday. The declines come despite the US dollar taking a strong hit. The move to the downside comes after oil prices failed to make any big moves to the upside. As a result, WTI crude oil was… Read More

Oil prices are down about one percent intraday. The declines come as OPEC leaders meet in Vienna. Rumors over the weekend suggested that OPEC+, which includes Russia, will keep the present production cuts in place. Technically, oil… Read More

Oil prices pared losses to close on a bullish note on Friday. This put price action back near Wednesday's highs close to the $45.50 levels. The overall short term momentum is to the upside in the oil markets. However, watch how prices… Read More

Dollar Shows Modest Gain, But Worries Continue The dollar index rose by 0.10% yesterday but failed to break the 92 handle, on a quiet Thanksgiving holiday. President Trump has signaled that he is prepared to leave the White House,… Read More

Oil Boosted By Better Risk Sentiment Crude prices have enjoyed a strong rally this week with the market breaking out to its highest level since March in response to the ongoing pickup in risk markets. Traders are encouraged by the recent… Read More