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Oil Daily Review August 9, 2018

Oil Daily Review for August 9, 2018

Venezuela In Crisis: Biggest Risk To Maduro Is Cash And Vanishing Oil

Failed drone strikes by mysterious enemies may be the least of Nicolas Maduro’s problems.

 

Crude Oil Price Forecast: Institutions, Trade War Threats Drop WTI

WTI has fallen below the 100-DMA after the weekly EIA Inventory report showed a smaller draw than expected as longs continue to curb their positions

 

Weekly Technical Perspective on Crude Oil Prices (WTI)

Crude oil is down more than 10% off the July high with price now approaching long-term uptrend support. Here are the key price levels that

 

Kuwait Deputy OilMin: Oil prices to remain at current levels through end of year

Kuwait News Agency Kuna in the last hour reported that the deputy oil minister stated that oil prices were expected to remain at current levels throug

 

EIA: Commercial crude oil inventories decreased by 1.4 million barrels from previous week

Below are the key takeaways from the weekly report published by the U.S. Energy Information Administration. U.S. crude oil refinery inputs averaged

 

A $160 million corruption scandal in Argentina is roiling its financial markets | Markets Insider

More than a dozen former Argentine government officials and business executives have been arrested in a large scale corruption scandal. The investigation …

 

Crude slides after China announces tariff on US oil products | Markets Insider

Oil prices fell more than 1% early Wednesday. Beijing announced American crude exports to China will be subject to a 25% retaliatory tariff. Watch oil tra…

 

U.S. oil closes at nearly 7-week low as U.S. inventory data whack market

Oil prices settled sharply lower Wednesday as the bullish narrative that had buoyed crude futures for the past two sessions-supply disruptions and str

 

Oil prices retain sharp losses after EIA inventory report

Oil prices held on to losses late=morning Wednesday after the Energy Information Administration reported that domestic crude supplies declined by 1.35

 

WTI Crude Oil and Natural Gas Forecast August 9, 2018

The WTI Crude Oil market fell rather significantly during the trading session on Wednesday, and then got an extra boost as although inventory was taken out i…

 

RBNZ Hurt NZD. USD, Oil Fell. FX Eye Sentiment – Asia Market Open

A dovish RBNZ hurt the New Zealand Dollar after sentiment deteriorated as the US Dollar, crude oil and S&P 500 fell. FX looks to how

 




WTI oil: off 7-month lows, trades around $67.00

Currently, the US oil prices are trading at $67.00, having hit a seven-week high of $66.36 yesterday. The escalating US-China trade tensions and sign

 

Oil Technical Analysis: Rising wedge breakdown favors re-test of lows seen yesterday

15-minute chart Current Price: $72.46 Daily High: $72.57 Daily Low: $72.19 Trend: Bearish Resistance R1: $72.49 (June 18 low) R2: $73.20 (5-d

 

Have a nice trading!




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