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Oil Daily Review June 14, 2019

Oil Daily Review for June 14, 2019

Two Tankers Explode Near The Persian Gulf, Many Blame Iran But Oil Markets Shrug

Could the latest tanker incident in the Middle East cause a military conflict? Do oil markets even care?


Market Bounces As Rise In Oil Prices Fuels Jump In Energy Shares

This morning, sentiment has shifted in an upward direction as energy shares and chipmakers help fuel buying.


Oil Price Volatility Hints at Emerging Markets Fallout Risk

Volatility in crude oil could lead to contagion in emerging markets if lingering trade war uncertainty and slowing global growth fears persist.


Oil Weekly Price Outlook: Crude Crashes into Fibonacci Support

Crude prices have plummeted more than 25% from the yearly high oil crashing into confluence support here. These are the levels that matter on the WTI weekly chart.


CAD Outperforms as Crude Oil Soars, AUD Down Under on RBA Rate Cut Risk – US Market Open

CAD Outperforms as Crude Oil Soars, AUD Down Under on RBA Rate Cut Risk – US Market Open


USD/CAD looks to snap 3-day winning streak amid surging oil prices

The USD/CAD pair came under pressure on Thursday with the rising crude oil prices helping the commodity-sensitive loonie outperform its major rivals.


WTI pops and drops on Pompeo publically blaming Iran for attack on oil tankers

Oil prices are showing their sensitivity to the escalation of foreign affairs between the U.S. and Iran following the recent attack on oil tankers hit


Oil technical analysis: WTI consolidates gains after the overnight spike

Oil daily chart WTI (West Texas Intermediate) is trading in a bear trend below its main simple moving averages (SMAs). Oil 4-hour chart The market is


Oil futures boosted after attacks on crude tankers, but end off session highs

Oil futures ended higher Thursday after attacks damaged two oil tankers off the coast of Iran, near the Strait of Hormuz, escalating tensions between…


Energy stocks in a broad rally, as crude prices bounce sharply after attacks on two oil tankers

Energy stocks rallied in unison Thursday to pace the S&P 500’s sector gainers, with crude oil futures surging as U.S. Secretary of State Mike Pompeo said…


Pompeo warns Iran U.S. will ‘defend our forces’ after oil-tanker attacks

U.S. Secretary of State Mike Pompeo on Thursday accused Iran of orchestrating a series of attacks on oil tankers and other targets in a effort to get the…


Chesapeake Energy’s stock bounces on NYSE-leading volume as oil prices surge

Shares of Chesapeake Energy Corp. shot up 3.1% in active afternoon trading Thursday, to bounce off a 6-month low hit earlier in the session, as a rally in…


Stock market opens higher, set to snap 2-session drop as oil-tanker attacks jolt energy sector

U.S. stock benchmarks on Thursday opened firmly higher, aiming to snap a two-session skid. Investors were focusing on surging oil prices which were rallying…


OPEC trims forecast for 2019 world oil-demand growth

The Organization of the Petroleum Exporting Countries on Thursday trimmed its forecast for growth in world oil demand this year to 1.14 million barrels a…


WTI Crude Oil and Natural Gas Forecast June 14, 2019

The WTI Crude Oil market rallied significantly during the trading session on Thursday as we got wind that the attack on those couple of oil ships in the stre…


AUDCAD Eyes October Low, Crude Oil Prices Rise on US-Iran Tension

AUDCAD closed at its lowest since October on Middle East geopolitical concerns as the Canadian Dollar rose with crude oil prices. The Australian Dollar is eyeing Chinese data ahead.


Crude Oil Prices May Fall as Soft US Data Compounds Risk Aversion

Crude oil prices rose amid worries about an escalating conflict between the US and Iran, but soggy economic data might weigh as global slowdown fears cool demand bets.


IEA monthly oil report: 2019 oil demand growth forecast cut by 100,000 bpd

In its latest monthly report on the oil market, the International Energy Agency (IEA) revised down the 2019 oil demand growth forecast by 100,000 bpd


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