Tag: OIL

Correct us if we are wrong, but shouldn’t a supply increase lead to lower prices? Well, at least that was the cause and effect...

Between January 25th and February 9th, WTI crude oil’s price plunged from $66.62 to $58.06 a barrel, losing 12.8% in just 12 trading days....

As WTI crude oil approaches the $60 mark, we could conclude that it was not a smooth ride at all. The price has been...

The price of WTI crude oil surpassed the $58 a barrel mark this week. The last time it traded at that level was in...

Here we go again. The last time hurricanes had something to do with crude oil, the price of the commodity, according to popular media,...

If you were bullish on the price of crude oil, last week was nothing short of wonderful for you. The commodity opened the weekly...

As if Harvey was not enough, the United States now braces for Irma, which in turn is expected to be followed by Jose and...

It has been a good week for bullish crude oil traders so far, who saw the price of WTI move from $45.63 on Monday...

In our previous article you saw that a bearish reversal in the price trend of crude oil could be predicted, even when OPEC extends...

Yesterday was an important day for crude oil traders, who have been waiting for OPEC to extend the production cuts in an effort to...

The price of WTI crude oil plunged from $53.74 to as low as $43.73 between April 12th and May 5th. This 10-dollar sell-off surely...

Last week, WTI crude oil prices climbed to $53.74 a barrel, maintaining the uptrend from $47.08, which began a month ago. But instead of continuing...

It recently became clear that OPEC members have not been following their own output cut agreement very strictly, which could be an explanation of WTI...

“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...