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Oil Daily Review July 11, 2019

Oil Daily Review for July 11, 2019

Aker BP’s Mathematician CEO Says His Tech Company Just Happens To Produce Oil

In an exclusive interview, Karl Johnny Hersvik opines that the oil and gas sector.s key consideration is ‘cost per barrel’ and incremental digitization is his great enabler in that fight.


U.S. oil prices jump past $60 to highest finish in 7 weeks

U.S. oil futures jumped above $60 a barrel on Wednesday to mark their highest finish in seven weeks, following a fourth straight weekly decline in U.S. crude…


Energy stocks in broad rally as crude oil prices jump toward 7-week high

Energy stocks traded broadly higher Wednesday, on the back of a surge in oil prices after upbeat government supply data and amid concerns over a storm…


EIA reports a fourth straight weekly fall in U.S. crude-oil supplies

The Energy Information Administration on Wednesday reported that U.S. crude supplies declined by 9.5 million barrels for the week ended July 5. They were…


WTI Crude Oil and Natural Gas Forecast July 11, 2019

For additional up-to-date Forex Trading information: News (, Technical Analysis (…


Crude Oil Price Soars to 7-Week High on Fed & Supply Shock

Crude oil jumps nearly 4% as supply shock fears out of the US Gulf of Mexico combine with resurfacing risk appetite on the back of dovish Fed remarks during Chair Powell’s congressional testimony.


Crude Oil Prices Eye April High, Fed Ready for First Cut Since 2008?

Crude oil prices rose as Jerome Powell rekindled 50bps Fed July rate cut bets, taking out falling resistance. The AUD/USD and NZD/USD may rise but medium-term gains are suspect.


Crude Oil Prices Break 3-Month Resistance, OPEC Report Due

Crude oil prices broke resistance capping them since April, buoyed by a dovish Fed and a sharp drop in inventories. Surly OPEC commentary may not cool the rally.


Oil prices to rise in H2 2019 on supply disruption risks – ANZ

The Australia and New Zealand Banking Group (ANZ) analysts expect oil prices to edge higher in the second half of this year on a potential supply disr


Forex Today: Powell pulverizes the dollar, oil is on fire, Bitcoin is on the back foot

Thursday, July 11th, European session: – The US dollar has extended its losses after Fed Chair Jerome Powell opened the door to cutting rates. He said


Armed Iranian boats tried to capture British oil tanker: report

A British oil tanker was threatened by armed Iranian boats in the Persian Gulf on Wednesday, CNN reported, citing U.S. officials. The Heritage tanker was…


Crude Oil Price Analysis: Oil Prices Jump on Hurricane and Supply Risks

Crude Oil Price Analysis: Oil Prices Jump on Hurricane and Supply Risks


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