News Oil Reviews 

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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News Oil Reviews 

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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Oil Daily Review July 25, 2019

Oil Daily Review for July 25, 2019 Are Some On Wall Street Being Complacent Over Bearish Oil Price Stances? Oil price is staying range-bound despite re-emergence of geopolitical risk as a market variable and for good reasons.   Swiss Franc Price Chart: USD/CHF Coils – Breakout Imminent The Swiss Franc virtually unchanged against the Dollar in 2019 with price now straddling the yearly open. Here are the levels that matter on the Swissy charts (USD/CHF).   Crude Oil Prices Back in Contango, GBP Jumps as EUR/GBP Suffers – US Market…

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Oil Daily Review July 24, 2019

Oil Daily Review for July 24, 2019 Oil technical analysis: WTI stabilizing above $56.00 a barrel after last week decline WTI (West Texas Intermediate) stabilizing above 56.00 as the market is trading below its main daily simple moving averages (DSMAs). The market is con   USD/CAD erases majority of daily gains on oil recovery, trades above 1.31 The USD/CAD pair climbed to its highest level since late June at 1.3164 today but came under modest bearish pressure in the last couple of hours as th   Britain styling out a…

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Oil Daily Review July 23, 2019

Oil Daily Review for July 23, 2019 Oil technical analysis: WTI consolidates heavy losses below $57.00 a barrel WTI (West Texas Intermediate) is consolidating the losses seen last week as it trading below $57.00 a barrel . The market is trading below its main d   Iran is squirrelling millions of barrels of crude oil in Chinese ports to avoid breaching US sanctions | Markets Insider Iran is squirreling away millions of barrels of oil in storage tanks at Chinese ports, avoiding a breach of US sanctions while providing its…

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Oil Daily Review July 22, 2019

Oil Daily Review for July 22, 2019 Oil Price Climbs as Iran Seizes British Ship in the Strait of Hormuz Crude Oil futures climbed after the Iranian Revolutionary Guard seized a British oil tanker, which adds more tension in the Strait of Hormuz days after the US shot down an Iranian drone.   Crude oil: Recent sell-off likely to reverse itself – Rabobank Analysts from Rabobank, see recent moves in crude oil prices as a knee-jerk reaction to a misleading headline which will ultimately reverse itself. Ke   Oil recovers…

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News Oil Reviews 

Oil Daily Review July 19, 2019

Oil Daily Review for July 19, 2019 Crude Oil Bounces From July Lows – Can Buyers Take Control? Crude oil sellers have come back into play this week to push prices down to July support. But a bounce has since developed to push prices back to prior support.   Oil technical analysis: WTI continues bleeding, trading near $55.00 a barrel WTI (West Texas Intermediate) is melting it is now trading near $55.00 a barrel and well below its main daily simple moving averages (DSMAs). Oil 4-ho   USD/CAD spikes to…

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Oil Daily Review July 18, 2019

Oil Daily Review for July 18, 2019 Crude Oil Price Triangle Breakdown Could Give Pause to USD/CAD The Canadian Dollar has been able to take advantage of the weak US Dollar, strong crude oil price environment over the past six weeks. Will it continue?   Crude Oil Prices Rebound as Iran Rejects US Claims – US Market Open Crude Oil Prices Rebound as Iran Rejects US Claims – US Market Open   Oil technical analysis: WTI gets hit again as it trades near $57.00 a barrel WTI (West Texas Intermediate)…

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Oil Daily Review July 17, 2019

Oil Daily Review for July 17, 2019 Oil Is Fueling the Commodities Rally: 2019 Halftime Report Commodities were on mostly sound footing in the first half of 2019. The S&P GSCI returned more than 13 percent as of June 30, one of the best first six months in recent memory. In a repeat of last year, crude oil was the top performing commodity, up 28.76 percent as of June 30.   Oil Price Outlook: WTI Crude Oil Price Action Builds Bear Flag Crude oil prices have crossed back-below the 60-handle,…

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Oil Daily Review July 16, 2019

Oil Daily Review for July 16, 2019 Oil: Current supply and demand conditions suggest a period of lower prices – BBVA According to Marcial Nava, economist at the Research Department at BBVA, the slowdown in crude oil demand will continue to be the primary factor that   EIA forecasts U.S. shale oil output to climb by 49,000 barrels a day in August Crude-oil production from seven major U.S. shale plays is forecast to climb by 49,000 barrels a day in August to 8.546 million barrels a day, according to a……

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