Crude Oil Price Outlook: Upside Risk as OPEC+ Meets to Discuss Output
Crude oil price, news and analysis:
OPEC and its allies including Russia meet this week to reconsider their plan to ease their curbs on crude oil production from May 1.
The so-called OPEC+ group is widely expected to ease the restrictions as planned; the risk is that the easing is put on hold because of concerns about demand from countries like India that are struggling to contain the spread of Covid-19.
That would be positive for the crude oil price.
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Crude oil price to rise if OPEC+ changes its plans
WTI Crude Oil Price Outlook: Breakout Eyes Resistance- Bulls at Risk
2021-04-19 18:00:00
Michael Boutros,
Strategist
Crude Oil Technical Forecast: WTI Weekly Trade Levels
Crude Oilupdated technical trade levels – Weekly Chart
WTI breakout vulnerable near-term sub– rally may be vulnerable sub-62
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Oil prices have surged more than 11% off the March low with a breakout of a multi-month downtrend taking WTI into initial resistance targets. While the broader outlook remains constructive, the immediate advance may be vulnerable in the days ahead below this threshold. These are the updated targets and invalidation levels that matter on the oil price weekly chart. Review my latest Strategy Webinar for an in-depth breakdown of this crude oil price setup and more.
Oil Price Outlook: Crude Breakout Vulnerable at Multi-year Resistance 2021-02-20 16:00:00 Michael Boutros, Strategist
Crude Oil Technical Forecast: WTI Weekly Trade Levels
Crude Oilupdated technical trade levels – Weekly Chart
WTI breakout extends into multi-year trend resistance– rally may be vulnerable sub-62 Advertisement
Oil prices have surged more than 29% since the start of the 2021 with WTI attempting to mark a fourth consecutive weekly advance to fresh yearly highs. The rally takes price into critical multi-year trend resistance and leaves the immediate rally vulnerable while below this threshold- on the lookout for inflection in the days ahead. These are the updated targets and invalidation levels that matter on the oil price weekly chart. Review my latest Strategy Webinar for an in-depth breakdown of this crude oil price setup and more.
Oil Price Outlook: Crude Breakout Vulnerable at Multi-year Resistance menafn.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from menafn.com Daily Mail and Mail on Sunday newspapers.
Dow Jones & Crude Oil Forecast: Will a Crude Oil Breakout Boost the Dow?
2021-02-09 21:00:00
Peter Hanks,
Strategist
Dow Jones & Crude Oil Price Outlook:
Reflation hopes have propelled crude oil prices higher, leading to a subsequent uptick in energy stocks
Dow Jones & Crude Oil Forecast: Will a Crude Breakout Boost the Dow?
The Dow Jones trades at record levels once again after recovering from market turbulence in late January. Not to be outdone, crude oil prices have climbed to their highest levels since January 2020. Encouragingly for the Dow, the recent breakout in the fossil fuel should serve as a tailwind for energy stocks and could translate into greater gains for indices with energy exposure.