Tag: CRUDE OIL PRICES

“The current pullback is likely to take crude oil prices down to $50.50, before the bulls return…” This was the last sentence of the...

The last three weeks have been very interesting for the oil market. First it was Vienna, where OPEC members agreed to cut production by...

Crude oil’s December futures contract just climbed to 47.37 dollars a barrel in what is supposed to be a rally, inspired by hopes that OPEC...

The price of crude oil recently climbed to 52.20 dollars a barrel, but has been declining ever since. Currently, the black gold is trading...

The price of crude oil initially rose to $44.68 on Monday, but then the bears took over again, which led to a decline to...

Crude oil took a hard hit during the last two years. A barrel cost more than $107 in June, 2014. By February, 2016, it...

It was a roller-coaster week for crude oil prices. The market moved sharply up on Monday, September 5th, climbing to 46.51 during the European...

Crude Oil was timidly trying to recover in the beginning of March, after falling to as low as 26.03 a month earlier. Just 3 months...

Last week, the price of crude oil fell to 43.02. This week, it seems determined to reach the 50-dollar mark. From surplus, through production...

It was not the best start of a week for crude oil. The commodity’s price fell to 43.02 dollars a barrel on Tuesday, May...

The world was hoping that the biggest oil producers were going to reach an agreement to freeze output during their meeting in Doha on...

It was an interesting and, more importantly, volatile week for the price of crude oil. It initially fell to $35.20 on Monday, but the...

Yesterday, March 24th, crude oil fell to 38.32 a barrel and people were rushing to offer an explanation for the weakness. Some said that...

The start of this week was not the best possible for crude oil, since the price fell as low as 35.95 dollars a barrel...

If we need to provide a definition for a “market bubble”, we would describe it as a part of the economic cycle, which characterizes...

Crude oil rose from 38.50 to 50.03, before falling to 43.85 again. The black gold has been consolidating ever since, which makes us wonder when...

In our previous post about crude oil we thought the “black gold” is in a post-triangle wave 5. That is why we said it was not...

The bulls took over the control over crude oil in the middle of last month and led its price above $59 per barrel as of...

What is not to love about cheap oil? Low oil prices reduce our monthly fuel costs, moreover they leave us with more leftover cash...

After a long and steep decline, the 30-minute chart of crude oil suggests it may be time for a larger recovery. It shows a...

The last time we talked about crude oil was on 12th September in an article, called “A Major Bottom for Crude Oil Prices?”, where...

Crude oil is trading more than $20 below the 2013 highs. Should we expect more weakness? Traders and investors may be willing to find...