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Oil Daily Review July 11, 2018

Oil Daily Review for July 11, 2018

The oil market’s shock absorbers are nearly gone

The world was awash in crude oil just two years ago. Now there’s barely enough to meet the unquenchable thirst for energy.

 

Oil: Higher Prices To Come

Cycles point to higher oil prices. Here are the components of this energy picture.

 

DAX Chart Set-up; Technical Update for Gold Price, Crude Oil & More

Today, we looked at a couple of compelling charts of the DAX along with the technical outlook for other major indices, gold, and crude oil.

 

EIA forecasts 2018 US crude oil production to rise by 1.44 million bpd

The U.S. Energy Information Administration has recently published its short-term energy outlook with key quotes, via Reuters, found below. EIA fore

 

United States API Weekly Crude Oil Stock: -6.796M vs previous -4.5M

United States API Weekly Crude Oil Stock: -6.796M vs previous -4.5M

 

Oil falls over a percent on trade tariffs, WTI nearing $73.00

Crude oil is seeing declines with WTI knocking down to 73.40 as trade concerns take oil down the charts after a brief bullish period. WTI lifting bri

 

Have a nice trading!




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