News Oil Reviews 

Oil Daily Review August 16, 2019

Oil Daily Review for August 16, 2019 Oil Price Technical Analysis: WTI to 55 – Can Sellers Take Control? Oil prices were back on offer yesterday after a confluent level of resistance came into play. But can sellers continue to push down to big-picture support?   GBP/USD technical analysis: Cable off daily highs coiling near the 1.2116 level   Oil technical analysis: WTI consolidates losses below $55.00 a barrel   WTI Crude Oil and Natural Gas Forecast August 16, 2019 For additional up-to-date Forex Trading information: News (https://www.dailyforex.com/forex-news/page-1), Technical Analysis…

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Oil Daily Review August 15, 2019

Oil Daily Review for August 15, 2019 Downstream Efficiencies, Upstream Prudency Reshaping $16B OMV, Says Oil Company’s CEO In an exclusive interview, Rainer Seele says integrated Austrian company wants to become the most cost efficient refiner in Europe while participating in strategic upstream plays.   Crude Oil Price Triangle Persists – Downside Break May Help USD/CAD With the US economy in the spotlight thanks to speculation that bond markets are signaling a recession in 2020, crude oil prices are losing ground once more.   Crude Oil Prices Sink as Yield…

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Oil Daily Review August 14, 2019

Oil Daily Review for August 14, 2019 USD/CAD tests 1.32 handle pressure by rising crude oil prices on trade headlines The USD/CAD pair came under strong bearish pressure as the commodity-related Loonie gathered strength on the back of surging crude oil prices. After s   Oil futures climb by 4% to settle at a nearly 2-week high Oil futures settled 4% higher on Tuesday, as news that the U.S. will delay tariffs on some Chinese products to Dec. 15 and continue talks with China helped…   WTI Crude Oil and…

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News Oil Reviews 

Oil Daily Review August 13, 2019

Oil Daily Review for August 13, 2019 Trade War Worries Will Keep Brent ~$60 Unless OPEC Makes Draconian Oil Output Cuts Oil market will see a continued, sustained lower price environment unless the cartel ups its cuts by a further, and somewhat unlikely, 1 million bpd.   Crude Oil Prices Snap Back to 55 After Sellers Thwarted at Support WTI crude oil prices caught a reprieve after running into support last week around the June lows. But will buyers be able to constrain a third test?   WTI Crude Oil…

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News Oil Reviews 

Oil Daily Review August 12, 2019

Oil Daily Review for August 12, 2019 China Might Not Buy American Oil. So What? Panjiva Research thinks U.S. oil exports will find a new home if China “bans”. Meanwhile, Nomura sees a much weaker yuan.   Oil Markets Could See Volatility, Arbitrage As Shipping Fuel Shifts The global shipping industry is less than six months away from a U.N. deadline requiring its fuel to emit 85% less sulfur. While the switch improves air quality in port cities, moving to low and ultra-low-sulfur fuel oil could create crude oil price…

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Oil Daily Review August 2, 2019

Oil Daily Review for August 2, 2019 US Dollar Index technical analysis: Powell brings DXY up and Trump spoils the bull party   Oil technical analysis: WTI collapse below $55 barrel as Trump adds fuel to the trade war fire   USD/CAD technical analysis: Bouncing from daily lows as crude oil takes a dive   Oil futures drop ahead of the settlement as U.S.-China trade tensions worsen Oil futures saw a steep drop Thursday ahead of the day’s settlement, with U.S. prices falling by more than 7%. In a tweet,…

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Oil Daily Review August 1, 2019

Oil Daily Review for August 1, 2019 Buyouts And Consolidation Could Perk Up U.S. Midstream Oil And Gas Stocks Investor interest appears muted despite solid dividend yields but potential consolidation, M&A and leveraged buyout attempts could perk up share prices.   Crude Oil Prices Buoyed by Declining Crude Inventories – US Market Open Crude Oil Prices Buoyed by Declining Crude Inventories – US Market Open   U.S. oil futures climb as EIA reports a more than 8 million-barrel weekly fall in U.S. crude supplies The Energy Information Administration on Wednesday…

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Oil Daily Review July 31, 2019

Oil Daily Review for July 31, 2019 Gold Price, Crude Oil Price: Breakouts Ahead of Fed Rate Decision The technical set-up for both gold and crude oil remains positive with both breaking through resistance. Care needs to be taken however if the Fed disappoints later today.   Bitcoin Price Chart is Coiled like a Spring, will it Bounce or Break? Bitcoin has seen its trading range narrow as bulls and bears hash out price action on the ledge of nearby support which, if broken, could see BTCUSD price slump another…

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Oil Daily Review July 29, 2019

Oil Daily Review for July 29, 2019 Crude Oil Price Chart Outlook Anchored to Technical Confluence Crude oil price selling pressure has waned over the last week with the commodity aiming to consolidate at technical support before attempting to rebound higher and retest chart resistance.   United States Baker Hughes US Oil Rig Count fell from previous 779 to 776 United States Baker Hughes US Oil Rig Count fell from previous 779 to 776   Oil technical analysis: WTI is under pressure at 4-day lows as bears challenge $56.00 a…

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Oil Daily Review July 26, 2019

Oil Daily Review for July 26, 2019 Oil futures end slightly higher Oil futures ended with a modest gain Thursday. West Texas Intermediate crude for September delivery on the New York Mercantile Exchange rose 14 cents, or…   WTI Crude Oil and Natural Gas Forecast July 26, 2019 For additional up-to-date Forex Trading information: News (https://www.dailyforex.com/forex-news/page-1), Technical Analysis (https://www.dailyforex.com/fore…   Why Is This National Oil Company Planning An Investor Relations Call In August? Saudi Aramco plans to hold an investor relations call next month, a curious step for a private…

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