oil

Oil prices managed to make an impressive recovery with price action recovering nearly half of the declines set off in the previous two weeks. As a result, oil prices are now trading near the 41.00 level. There is, however, a strong… Read More

Muted QE Weighs in on the Greenback A tough day on wall street ensued as another slide in the technology sector helped pull indices lower. The ripple effects of the recent FOMC meeting were still filtering through as no further signs of… Read More

Oil prices made up for the losses set off last week. After breaking past the 38.83 level which did not offer much resistance, price action pulled higher. Late in the US trading session, oil prices briefly tested the 41.00 level before… Read More

Oil prices continued to push higher as price action cleared the previous resistance level near 38.83. Following the upside breakout, the commodity also pushed slightly higher to the levels near 40.00 before pulling back. If the… Read More

Oil prices are trading somewhat stronger despite the bleak assessment from the Paris based International Energy Association (IEA). The IEA trimmed its demand for the outlook for 2020, but the report did not see much reaction from the oil… Read More

Oil prices are trading soft with price action attempting to pare losses from last week. Still, prices are hovering near the 37.00 handle. To the upside, the main resistance is seen at 38.83, while to the downside, last week's lows… Read More

Oil prices have closed in the red for the second consecutive week. The declines have pushed the commodity down to a two-month low. To the upside, if oil prices continue with the higher low, we could see a rise back to 38.83.… Read More

Inventories Rise Crude oil prices have seen steady selling this week, fuelled in part by a bearish report from the Energy Information Administration. The EIA reported that in the week ending September 4th, US crude oil inventories rose… Read More

Crude oil prices are back trading on a weaker note a day after price posted a strong rebound. The declines came after the weekly US crude oil inventory report showed increasing stockpiles. With the oil markets already sensitive to… Read More

Oil prices are showing signs of life with price action up over 2% intraday on Wednesday. This comes after the commodity fell sharply on Tuesday to a three-month low. WTI crude oil reversed direction after hitting 36.50. With prices… Read More