Crude oil prices may be challenging the $100 mark after eight consecutive weekly gains, propelled by heightened Russia-Ukraine tensions amid rising demand and supply constraints. Will they succeed?
Crude Oil Prices Eyeing $70 Amid Viral Concerns, Small Stockpiles Draw
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of clients are net short. Long
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of clients are net short. Long
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of clients are net short. Long
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CRUDE OIL PRICE OUTLOOK:
US crude inventories fell less than expected last week, exerting downward pressure on prices
Heightened Covid-related travel restrictions in China may cast a shadow over the demand outlook
Crude oil prices held steady during Wednesday’s APAC session after falling 4.7% over the last two days. A rapid Covid-19 flareup in China cast a shadow over its growth outlook amid an already slowing economy. Authorities have reported 353 locally transmitted cases since July 20, with the highly contagious Delta variant found in more half of China’s 3
Crude Oil Prices Eyeing OPEC Report as Stocks Rise, Gold Could Gain on the ECB 2021-03-11 06:00:00 Daniel Dubrovsky, Strategist
Crude Oil, Stocks, Gold, US Core CPI, OPEC, ECB, Commodities Briefing - Talking Points:
Crude oil prices shrugged off DOE report for broader risk appetite
Gold prices gained on soft US core CPI as the US Dollar weakened
WTI may gain as equities climb, gold could be boosted by the ECB
Crude oil prices aimed higher over the past 24 hours, brushing aside a fairly bearish inventories report from the Department of Energy (DOE). Last week, crude stockpiles surged 13.8 million barrels against expectations of a 0.33 million gain. The surge in supply reflected a combination of refineries struggling to come back online in the Gulf following last month’s winter storm as production in parts of Texas were restored.
Crude Oil Prices Eyeing OPEC Outlook Report After Saudi Output Cut, US Stimulus 2021-01-09 07:00:00 Daniel Dubrovsky, Strategist
Crude Oil Fundamental Outlook - Bullish
Crude oil prices may rise on Saudi Arabia output cut, US stimulus
Rising longer-dated Treasury yields may boost USD, slow oil gains
WTI event risk: OPEC monthly report, EIA storage, US retail sales
WTI crude oil prices spent most of this past week rallying amid a couple of fundamental developments that may keep energy prices afloat ahead. The first was Saudi Arabia surprising markets after the nation announced that it will cut output by 1 million barrels per day next month and in February, an outcome from the 13th OPEC and non-OPEC Ministerial Meeting.