Browsing: Market News

Downtrend Dominates There is a good chance of seeing a test of resistance around the 20-Day MA, now at $61.28.…

Abu Dhabi’s state oil giant ADNOC is reportedly on track to secure unconditional EU antitrust approval for its €14.7 billion…

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The OPEC price war has made landfall in the US.Following our report earlier that Saudi Arabia has declared a new price…

As always with volatile markets, it’s important not to read too much into a single-day reversal.SourceTuesday’s rebound came after hitting…

Coterra Energy is cutting back on its oil drilling in response to sagging crude prices and spending more on natural…

Oil prices rallied aggressively on Tuesday morning, recovering from the OPEC+-induced drop that was sparked by the cartel’s decision to…

Oil prices staged a robust comeback on Tuesday, clawing back ground lost after OPEC’s surprise weekend announcement to boost production…

Brent Technical Analysis The Brent market is currently hanging around the $60 level. And as you can see, the $60…

Daily Light Crude Oil Futures Tuesday’s gains were largely technical, with market participants reacting to perceived oversold levels. Analysts noted…