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Oil Daily Review August 10, 2017

Oil Daily Review for August 10, 2017

Crude Oil Price Forecast: Counter Trend Pattern Favors Pending Upside

Crude Oil Bulls may be discouraged that the recent EIA report has no brought more buyers in, but the patterns may show the just needs

 

Crude Oil Prices Stuck in a Triangle Consolidation

Crude oil prices have gone nowhere in the past 12 months. Prices appear to be nearing the end of a triangle pattern.

 

Oil futures gain on crude inventory drop

Oil futures finished higher Wednesday after the Energy Information Administration reported U.S. crude inventories fell 6.5 million barrels last week,

 

EIA reports crude oil inventories fell 6.5 million barrels last week

U.S. crude oil inventories fell by 6.5 million barrels to 1.15 billion barrels while gasoline inventories rose 3.4 million barrels to 231.1 million ba

 

WTI Crude Oil and Natural Gas Forecast August 10, 2017

The WTI Crude Oil market went back and forth during the day on Wednesday again as we continue to hover just below the $50 level. It looks as if this area is …

 

ECOPETROL: Profit Rises 65.8% In The Second Quarter With Higher Oil Prices

Colombian oil company Ecopetrol reported a 1.305 billion pesos (US$ 430 million) in the second quarter of 2017, a 65.8% increase from the same period of 2016, while sales rose 11.

 

Crude Oil Prices May Fall as OPEC Data Shows Glut Persisting

Crude oil prices may turn lower as monthly OPEC data reveals struggle to offset swelling US output with coordinated output cuts. Gold prices may fall

 

Have a nice trading!




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