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Oil Daily Review February 11, 2019

Oil Daily Review for February 11, 2019

Energy Sector Turns South As Crude Oil Retreats Amid Global Growth Worries

After Asian and European shares were mostly lower, US stocks appear poised for a third down day in a row as China, eurozone growth worries continue to weigh on the market


Oil Forecast: Fears of Slowing Global Growth to Limit Further Gains

Crude oil prices came under pressure this past week in response to the return of market angst over slowing global growth and a surprising US


Oil Technical Analysis: WTI ending the week hugging $53.00 a barrel

Oil daily chart Crude oil WTI is trading in a bear trend below its 200-day simple moving average. Oil 4-hour chart Crude oil is trading betw


United States Baker Hughes US Oil Rig Count increased to 854 from previous 847

United States Baker Hughes US Oil Rig Count increased to 854 from previous 847


U.S. oil prices edge up for the session, lose close to 5% for the week

Benchmark U.S. oil prices settled a few cents higher on Friday, but dropped by nearly 5% for the week as ongoing worries about the global economy thre


Baker Hughes data show U.S. oil-rig count up 7 for the week

Baker Hughes BHGE, +0.90% on Friday reported that the number of active U.S. rigs drilling for oil rose by 7 to 854 this week. That followed a decline


WTI Crude Oil and Natural Gas Forecast February 11, 2019

The WTI Crude Oil market did very little during trading on Friday as we continue to see a lot of consolidation. We have been hanging below a major resistance…


ASEAN FX Eye Stock Losses, USD Gains. Crude Oil Fall May Boost PHP

Stocks look more vulnerable, opening the door to US Dollar gains versus ASEAN currencies. Sentiment-linked crude oil prices may fall with weak demand, benefiting the


Crude Oil Price Drop May Continue if UK GDP Data Disappoints

Crude oil prices may continue to fall after hitting a three-week low if disappointing UK GDP data amplifies fears about a global slowdown in economic


Crude Oil Price: US-China Trade Fears Capping Crude Oil For Now

Crude oil remains stuck in a range, but still keeping recent gains, as waning supply battles with heightened US-China trade war fears.


Have a nice trading!

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