Tag: CRUDE OIL PRICES

Crude oil climbed to $88 a barrel yesterday as a soft landing scenario for the US economy looks increasingly likely to economists. Does this...

Crude oil surged sharply last week after inflation and labor market data implied that the US economy might be headed for a soft landing...

Ironically or not, crude oil rose after traders interpreted the weak labor market data, which implies a cooling economy, as a positive sign. What's...

WTI crude oil closed below the $80 mark last week. In today's Elliott Wave analysis we examine two alternative scenarios and identify the key...

The price of crude oil is on the verge of sliding below $79 a barrel as China demand worries intensified after weak economic data....

WTI crude oil 's winning streak came to an end last week after China demand worries resurfaced following weak economic data. Can the slide...

The price of crude oil is down by over $2 a barrel this week. In today's Elliott Wave update we examine the structure of...

OPEC's supply/demand forecast suggests the crude oil market is likely to remain tight for the rest of 2023 as the economy keeps growing. Does...

The price of crude oil is up for the seventh week in a row and is now approaching a critical level of resistance on...

The price of WTI crude oil surged for the sixth straight week, but will the bulls be able to breach the strong resistance near...

The price of crude oil is up after US inventory data showed robust demand. Isn't it too late to join the bulls, though? Read...

WTI crude oil closed above $80 a barrel for the first time since April last week and is now up almost 25% from its...

The price of crude oil was up by over $3 a barrel earlier this week as recession worries fade and Asian demand ramps up....

Crude oil closed in the vicinity of $77 a barrel last week as traders put recession worries aside and OPEC cuts begin to take...

The price of crude oil is up for the fourth week in a row as recession worries fade and OPEC cuts begin to make...

Crude oil bulls seemed very determined through most of last week, but they couldn't maintain momentum above $77 and suffered a $2 drop. Is...

Crude oil briefly exceeded the $75 mark earlier this week as the OPEC cuts seem to be finally taking effect. Is the rally sustainable,...

Crude oil surged last week after Saudi Arabia extended its million barrel a day supply cuts announced in June through at least August. Have...

The price of crude oil is still gravitating around the $70 a barrel mark as traders weigh recession fears against decelerating inflation. In our...

Crude oil finished just above the $70 mark on the final day of June, but still unable to leave the range it has been...

It looks like even the almighty OPEC's production cuts cannot put the brakes on the decline in crude oil as prices keep falling. What...

The price of crude oil closed below $70 again last week and has been gravitating around this mark for quite a while now. Can...

The price of crude oil has mostly recovered from this week's initial dip and is now almost back where it started. Can the rally...

Things looked quite bad for crude oil bulls at the start of last week, but they managed to regroup and finish in the green...

The price of crude oil is in negative territory for the third week in a row despite piling production cuts by OPEC+. A trading...

Contrary to common sense, the price of crude oil actually fell in a week when Saudi Arabia announced an additional million barrels a day...

Crude oil opened with a gap to the upside on Monday, after Saudi Arabia said it would remove another million barrels a day from...

Crude oil fell sharply at the start of last week, but managed to recoup most of its losses by Friday following strong economic data...

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....