Crude Oil Weekly Forecast – Geopolitical Chaos Keeps Market Trapped
Crude oil markets have had a tough week yet again, as the headlines are continuing to cause chaos for traders to deal with.
Oil Ticks Higher, U.S. Futures Steady Ahead of Jobs Report
Investors stood their ground ahead of a hotly anticipated jobs report and potential progress in Middle East talks.
Oil rises on concerns over Strait of Hormuz reopening plans
Oil continued its rise on Friday amid further concerns around the opening of the Strait of Hormuz as Iran, working with Oman, suggested banning vessels deemed hostile from the strait and heavily fining those who violated the proposed rules.
Crude Oil Price Forecast: Reversal Tests Key Support
WTI crude oil's one-day reversal puts the 200-day moving average at the center of the outlook, with a reclaim targeting higher resistance and failure exposing deeper support.
Chip Stocks Weaken, Oil Steady as Investors Await Hormuz Progress
Chip stocks fell in Asia and the U.S. as investors once again grew nervous about the durability of artificial-intelligence spending, while oil held steady in early European trade.
Oil Declines Amid Growing Optimism Over Reopening of Strait of Hormuz
Oil declined in early Asian trade amid growing optimism over the reopening of the Strait of Hormuz.
U.S. Futures Higher, Oil Holds Around $80 on Hopes for Imminent Hormuz Reopening
A rally across global stock markets continued, with sentiment boosted by the prospect of a U.S.-Iran agreement to reopen the Strait of Hormuz.
Oil steadies after two-day slump as investors eye Hormuz traffic
Oil steadied on Wednesday after steep falls in the previous two trading sessions, as investors waited to see if efforts to end the U.S.-Iran war and restore traffic through the blockaded Strait of Hormuz were making progress.
Crude Oil Price Forecast: Sellers Target Deeper Pullback
WTI crude oil breaks below key moving-average support, exposing lower Fibonacci targets while remaining within a larger symmetrical triangle with bullish potential.
Oil Prices and Energy Stocks Sink on Expectations of a Deal to Open the Strait of Hormuz
Oil and gas stocks are sliding on signs the Strait of Hormuz could reopen soon.
Hormuz supply disruption reshapes economics for Dune Oil's Turkish oil block
The largest oil supply disruption in recorded history is playing out against an unusual backdrop for a small Vancouver-based energy company: a flagship exploration block in southeastern Türkiye whose independent resource valuation was built on oil prices roughly 50% below where the market is trading today. Dune Oil Corp (CSE:DUNE, OTCQB:TRLEF, FRA:Z620) holds a 29% working interest in Block M47, located in the Cudi-Gabar province of southeastern Türkiye.
