Crude Oil

In today's Elliott Wave update of crude oil we examine three possible alternatives depending on what the price does next. Take a look.

Crude oil finished higher for the second week in a row despite OPEC cuts and the hit on demand a resulting recession might cause....

In today's Elliott Wave update we examine two possible alternatives for the price of crude oil going forward as well as the right way...

Crude oil gained almost $2 a barrel last week, but it was hardly enough to cheer the bulls, who have been beaten and bruised...

In today's Elliott Wave update of WTI crude oil, we examine the commodity's 1h chart for clues about its short-term direction. A clear pattern...

The price of WTI crude oil fell for the fourth straight week as recession fears kept intensifying despite the expected Fed rate hike pause....

Crude oil is attempting to stage a recovery after last week's sharp plunge. Currently near $73 a barrel, a very clear pattern has emerged...

WTI crude oil plunged sharply last week after weak demand data and recession worries outweighed the effects of the OPEC+ production cuts. In today's...

The price of WTI crude oil is crashing as concerns over the global economic outlook and rising interest rates outweigh tighter supply. Is there...

WTI crude oil fell for the second week in a row despite the increasing amount of OPEC+ production cuts and the global economy's resiliency....

Over three weeks ago, OPEC joined Russia’s 500,000 barrels per day decrease and announced significant oil production cuts of its own. The Organization of...

WTI crude oil bears are trying to build on last week's weakness as recession worries outweigh China's recovery and the OPEC production cuts. Is...

Production cuts by OPEC and Russia, as well as China's economic revival still couldn't prevent WTI crude oil prices from falling last week. The...

Despite the announced production cuts by OPEC and Russia, the price of crude oil is slowly losing ground and now on the verge of...

WTI crude oil notched up a fourth weekly gain in a row after lower-than-expected March inflation brightened the outlook for the economy and energy...

WTI crude oil is still hovering above $80 a barrel following OPEC's surprise production cut announcement the other week. Can the price breach this...

WTI crude oil surged sharply after OPEC announced a surprise production cut of up to 1.2 million barrels a day starting in May. Thanks...

OPEC's sudden production cut caught the market off guard and sent the price of crude oil surging sharply at the beginning of the week....

Lower-than-feared February inflation sparked optimism about a soft economic landing and therefore increased crude oil demand. Can the surge in WTI continue into April?...

Crude oil is up this week as expectations for a pause in rate hikes fuel hopes for an economic revival and stronger energy demand....

A banking crisis, recession worries and another Fed rate hike couldn't prevent WTI crude oil from rising last week. Can the bulls keep pushing...

WTI crude oil is up for the week so far as traders expect a less hawkish Fed later today to spark some optimism for...

The price of WTI crude oil fell last week after high February inflation and a string of US bank failures dimmed global economic outlook....

Crude oil dipped below $71 a barrel Tuesday. In today's Elliott Wave update we examine one of the possible paths the price can take...

WTI crude oil dipped last week, but remained within the boundaries of the range it has been trading in since late-2022. In this week's...

Jay Powell's hawkish comments in front of Congress raised fears that the Fed is going to cause a recession. WTI crude oil dropped as...

The price of WTI crude oil shot up last week after a sudden burst of optimism about China and the world economy led to...

The price of WTI crude oil is up slightly this week after the bears failed again to breach the support area in the mid-$70s....

WTI crude oil dipped below $74 a barrel last week before closing at exactly the same price level it had closed the week before....

WTI crude oil is slowly losing ground as expectations for more rate hikes raise the probability of a recession and therefore lower energy demand....