Oil News: Crude Oil Slips Below 50-Day MA Ahead of EIA Inventory Release
Crude oil slips below the 50-day MA as traders await U.S. inventory data and Fed signals. Geopolitical tensions and OPEC output weigh on the oil outlook.
Oil prices hold steady as markets await Fed rate decision
Oil prices held steady in early trading on Wednesday, after rising more than 1% in the previous session on drone attacks on Russian ports and refineries, while traders awaited an expected rate cut from the U.S. Federal Reserve.
Crude Oil News Today: Risk Premium Creeps Back on Russia Refinery Hits
Ukraine's drone campaign has targeted Russian refineries for six months, shifting market focus from OPEC+ back to geopolitical risk.
Crude Oil Price Outlook – Crude Looks Sideways at the Moment
The crude oil market continues to see a lot of sideways action, as we are waiting for the Federal Reserve announcement on Thursday, and perhaps more importantly, waiting for that all-important press conference.
Crude Oil Price Outlook – Crude Oil Rallies in Early Friday Hours
The crude oil market continues to see buyers on dips, as it looks like we are trying to find some kind of floor in this market. Oil has a few different issues to worry about, as the oversupply issues and of course the idea of a slowing economy are things
OPEC sticks to oil demand forecasts, says economy doing well
OPEC made no changes on Thursday to its relatively high global oil demand growth forecasts for this year and next, and said the world economy was maintaining a solid growth trend in the second half of this year.
Oil Giant Saudi Arabia Is Emerging as a Solar Power
The kingdom is betting that sunshine can power new AI data centers and help boost oil exports.
Oil and Natural Gas Technical Analysis: Geopolitical Tensions and Weak Demand Drive Price Swings
Oil and natural gas prices are reacting to geopolitical tensions and shifting macro trends, while the U.S. dollar index remains under pressure ahead of key inflation data
Oil and Natural Gas Analysis: Modest OPEC+ Output Increase Amid Geopolitical Risks
Oil and natural gas prices rebounded as OPEC+ announced a modest supply hike and geopolitical tensions raised fears of tighter Russian exports.
The Oil and Gas Investor Timeline
People often ask me, "How long does the drilling operation take?" It's a good question, because if you want to invest in an oil operation, you should know when you'll recoup your funds.
OPEC+ to Boost Oil Output Further Despite Supply Glut Concerns
Eight OPEC+ members say they will boost production by 137,000 barrels a day in October, beginning to roll back some voluntary cuts previously put in place.
Oil News: Oil Demand Concerns and OPEC Output Plans Drive Bearish Crude Oil Outlook
Oil demand fears and rising U.S. stockpiles pressure crude futures. Unless OPEC+ holds output steady, the forecast points to further price weakness.
