Tag: OIL PRICES

Despite OPEC's best efforts to boost the price, WTI crude oil keeps plunging on soft demand and oversupply fears heading into 2024. Is there...

WTI crude oil added a seventh straight week to its losing streak despite OPEC's efforts to boost prices by promising to cut supply in...

Crude oil 's losing streak continues as the price is down for the seventh straight week. Is there any hope left for the bulls?...

The bulls fought a good fight, but still couldn't prevent WTI crude oil from extending its losing streak to six weeks in a row....

The price of crude oil is up in anticipation of OPEC's meeting on November 30th as traders bet on prolonged supply cuts. In our...

November is shaping up as another bad month for crude oil bulls as the price fell in each of the four weekly trading sessions...

WTI crude oil is up this week as traders brace for additional production cuts to be announced at OPEC's meeting over the weekend. How...

Crude oil finished in the red for the fourth straight week on weak economic data from the US and Asia and abundant inventories. This...

The price of any commodity, crude oil included, is determined by the balance or imbalance between supply and demand. This year, there have been...

WTI crude oil is up this week on bets that the economy might avoid a recession following lower than expected October inflation. In today's...

The decline in crude oil intensified last week and the price was briefly down by $20 a barrel from its late-September peak at $95....

WTI crude oil is down sharply for the third week in a row following a string of reports showing the economy might be slowing....

It was a volatile week for WTI crude oil, in which it looked like the price was going to find a bottom, but eventually...

It seems odd that crude oil is falling at a time when there are two wars concerning multiple big oil exporting countries, but there...

Warren Buffett once said that investors shouldn’t bet on which industry is going to have the biggest impact on society and the economy. Instead,...

Despite receiving help from the support at $82 a barrel, the bulls still couldn't save the week and crude oil closed the session in...

In a bearish reversal, which Elliott Wave analysis had prepared us for, the price of crude oil is down by nearly $5 a barrel...

After climbing to nearly $90 a barrel during the week, the price of crude oil dropped a bit to settle above $88 for the...

The price of WTI crude oil is up for the second week in a row, but can it breach the resistance near $89 or...

Crude oil surged sharply last week, opening with a gap to the upside as the market fears supply constraints due to the Israel-Hamas war....

The attack by Hamas on Israel sent shockwaves through the global energy markets. WTI crude oil is up sharply this week. Can it keep...

The price of crude oil plunged last week after US data showed weak gasoline demand. Is this just a dip to buy or the...

The price of crude oil is down this week as rising yields spark recession and energy demand fears. Is the uptrend still intact? Read...

WTI crude oil almost touched $95 a barrel last week, but the bulls couldn't maintain momentum and allowed a close below the $91 mark....

Crude oil is up this week as Russia's exports ban on diesel and gasoline puts another strain on global fuel supply. Has the uptrend...

Crude oil bears claimed their first weekly victory for the month after the bulls failed to breach the $93-$94 resistance area. Is a second...

The price of WTI crude oil is down for the week after it bumped into the strong resistance area near $93 a barrel. How...

WTI crude oil 's relentless rally continues for the fourth straight month in September as the price broke above the $90 mark last week....

In today's Elliott Wave update of WTI crude oil we examine the structure of the rally from $77.56 on the 1-hour chart. Is the...

WTI crude oil 's recovery continued last week as Russia and Saudi Arabia extended their production cuts through December. Does this mean it is...