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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 roll over oil supply cut of 1.2 mln bpd beyond June – Reuters

Citing OPEC sources familiar with talks, Reuters reported that OPEC+ was still expected to roll over the oil supply cut of 1.2 million barrels per day

 

EIA: Commercial crude oil inventories increased by 2.2 million barrels from previous week

In its weekly petroleum report for the week ending June 7, the Energy Information Administration (EIA) announced that the commercial crude oil invento

 

United States EIA Crude Oil Stocks Change above expectations (-0.481M) in June 7: Actual (2.206M)

United States EIA Crude Oil Stocks Change above expectations (-0.481M) in June 7: Actual (2.206M)

 

U.S. oil prices settle at their lowest in about 5 months

U.S. oil futures fell on Wednesday, settling at their lowest in roughly five months as government data revealed a second straight weekly climb in domestic…

 

Oil prices extend losses as EIA reports a second weekly rise in a row for U.S. crude supplies

The Energy Information Administration on Wednesday reported that U.S. crude supplies climbed by 2.2 million barrels for the week ended June 7. That marked a…

 

Dow heads higher in morning trade, tries to avoid second straight drop as oil prices slump

U.S. stock indexes on Wednesday bounced around at the open, with the Dow attempting to avoid falling for a second session in a row as appetite for assets…

 

Crude Oil Prices Spike on Possible Oil Tanker Attack in Gulf of Oman

Crude Oil Prices Spike on Possible Oil Tanker Attack in Gulf of Oman

 

USD/CAD extends slide toward 1.33 as oil recovery gathers momentum

After closing the first three days of the week in the positive territory, the USD/CAD pair turned south on Thursday with the commodity-sensitive looni

 

Oil is surging after a suspected torpedo attack on 2 tankers in the Gulf of Oman | Markets Insider

The price of oil surged on Thursday after a suspected torpedo attack on two tankers in the Gulf of Oman.
West Texas Intermediate crude jumped 3%, while…

 

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