Oil prices are up around 7% from last weeks lows as speculation mounts over further cuts by OPEC+ who meet later this month. Immediate resistance poses a hurdle but overall sentiment may prove to strong.
Oil prices failed to maintain yesterday's bullish momentum as markets anticipate a drop in demand in Q4 from both the US and Europe. Is WTI finally heading back to the 80.00 mark?
Oil prices continue to fluctuate on the uncertainties in the Middle East. A dip today as a deal has been struck with Venezuela, could we be in for a deeper retracement?
Oil prices have risen on concerns of supply disruptions as tensions in the Middle East continue to roil markets. Is an Oil Embargo akin to 1973 a possibility?
Oil prices continue their advance as the 14-day RSI rises toward the 80 mark. Fundamental factors continue to keep prices elevated as Investment Banks update their price targets for Q4 2023.