News Oil Reviews 

Oil Daily Review June 25, 2019

Oil Daily Review for June 25, 2019 USD/CAD recovers early gains on oil selloff, trades near 1.32 The USD/CAD pair slumped to a daily low of 1.3175 earlier in the session but was able to stage a rebound as the commodity-sensitive loonie came under   Stocks end mostly lower as Iran sanctions hurt oil sector U.S. stocks ended mostly lower on Monday, with only the blue-chip Dow managing to hold onto slight gains, as geopolitical tensions in the Middle East weighed…   Weekly Trade Levels for US Dollar, Euro, Kiwi,…

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Oil Daily Review June 24, 2019

Oil Daily Review for June 24, 2019 North American Oil Drillers’ Shareholder-Friendly Antics Making Deleveraging Harder There is a heightened focus by exploration and production firms on stakeholder returns and that carries its own set of operational constraints.   Oil Price Weekly Outlook: Crude Rebound Face First Test of Resistance Oil prices have rallied more than 9% this week with the advance now testing initial resistance targets. These are the levels that matter on the WTI weekly chart.   Crude Oil Prices Cast Worried Eye on G20 Summit, Iran a…

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Oil Daily Review June 21, 2019

Oil Daily Review for June 21, 2019 Oil Prices Rise? Look To China And Rates, Not Iran Rising tensions between Iran and the United States are easy to blame for rising oil prices, but markets might be more focused on trade and rate cuts.   Crude Oil Prices Bottoming May Help USDCAD Topping Potential Crude oil prices are extending their gains amid geopolitical tensions between the US and Iran reaching a fever pitch.   CAD Soars, Oil Spikes on Drone Attack, USD Challenges 200DMA – US Market Open CAD Soars,…

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Oil Daily Review June 20, 2019

Oil Daily Review for June 20, 2019 Oil prices turn higher as EIA reports first U.S. crude supply decline in 3 weeks The Energy Information Administration on Wednesday reported that U.S. crude supplies fell by 3.1 million barrels for the week ended June 14. That followed…   WTI Crude Oil and Natural Gas Forecast June 20, 2019 The WTI Crude Oil market broke down a bit during the trading session initially on Wednesday but turned around of form a bit of a hammer. That hammer sits jus…   Cheer Up…

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Oil Daily Review June 19, 2019

Oil Daily Review for June 19, 2019 Pre-FOMC Price Action Setups in USD/JPY, AUD/USD, Crude Oil and Gold Tomorrow brings the FOMC, and there’s little expectation for any actual moves. The driver, and the devil, will be in the details, however.   Crude Oil Price Downtrend May be Over – Implications for USDCAD Rates Crude oil prices have closed below their daily 8-EMA every session since May 22. The bullish key reversal forming today suggests the downtrend may be coming to an end.   USD/CAD slumps below 1.34 as loonie…

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Oil Daily Review June 18, 2019

Oil Daily Review for June 18, 2019 Oil technical analysis: Black gold sticks to $51.50 a barrel undecided where to go next WTI (West Texas Intermediate) is in a bear trend trading below its main simple moving averages (SMAs). The price has been coiling around 52.50 since   EIA forecasts U.S. shale oil output to climb by 70,000 barrels a day in July Crude-oil production from seven major U.S. shale plays is forecast to climb by 70,000 barrels a day in July to 8.520 million barrels a day, according to…

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Oil Daily Review June 17, 2019

Oil Daily Review for June 17, 2019 Oil Price Not All That Impressed With Strait Of Hormuz Problems This is a look at the price of oil from the standpoint of chart movement — how seriously has news of oil tanker explosions affected price?   Why Investors Should Not Be Bullish On Oil Prices The U.S. should focus on resolving the trade war with China first before it starts another conflict in the most sensitive part of the world. Oil prices aren’t going to respond positively unless trade war tensions…

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Oil Daily Review June 14, 2019

Oil Daily Review for June 14, 2019 Two Tankers Explode Near The Persian Gulf, Many Blame Iran But Oil Markets Shrug Could the latest tanker incident in the Middle East cause a military conflict? Do oil markets even care?   Market Bounces As Rise In Oil Prices Fuels Jump In Energy Shares This morning, sentiment has shifted in an upward direction as energy shares and chipmakers help fuel buying.   Oil Price Volatility Hints at Emerging Markets Fallout Risk Volatility in crude oil could lead to contagion in emerging markets…

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Oil Daily Review June 13, 2019

Oil Daily Review for June 13, 2019 Crude Oil Price Reverses from Key Resistance: $50 in Store? Bears have taken control of Crude Oil Prices over the past six weeks, but sellers may have just found a stumbling block at a confluent area of Fibonacci support.   USD/CAD breaks above 1.3300 as the recovery strengthens and crude oil tumbles The Canadian Dollar is among the worst performers of the American session weakened by the ongoing sell-off in crude oil prices. The WTI barrel is movi   OPEC+ still expected to…

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Oil Daily Review June 12, 2019

Oil Daily Review for June 12, 2019 Oil technical analysis: WTI is under pressure below $54.30 a barrel Oil daily chart WTI (West Texas Intermediate) is under bearish pressure below $55.00 a barrel and its main simple moving averages (SMAs). Oil 4-hour c   EIA cuts forecasts on oil prices and U.S. crude-oil production The U.S. Energy Information Administration reduced its forecasts for oil prices and U.S. crude-oil production, according to its Short-term Energy Outlook…   Legacy Reserves to file for bankruptcy as oil and gas price downturn prompts financial…

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