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Oil Daily Review May 14, 2019

Oil Daily Review for May 14, 2019

Confusion Over “Sabotaged” Tankers In Persian Gulf Roils Oil Prices

The incident stoked fears that the safe passage of oil might be impeded in the Strait of Hormuz in the Persian Gulf.


Crude Oil Price Chart: WTI Holding Support, but Will it Last?

Crude oil is holding onto a powerful reversal day and attempting to trade higher; support is to be trusted until broken for now.


Crude Oil Soars, JPY Gains, AUDUSD Tests 4-Month Low – US Market Open

Crude Oil Soars, JPY Gains, AUDUSD Tests 4-Month Low – US Market Open


USD/CAD climbs higher toward 1.35 as oil selloff weighs on loonie

The USD/CAD pair rose to a fresh daily high of 1.3481 in the NA session as the commodity-sensitive loonie continued to weaken against its major rivals


Oil technical analysis: WTI on a rollercoaster – Can 58.50 be next for bears ?

Oil daily chart WTI (West Texas Intermediate) is retracing from the highs made in April. In the last 7 days, the market has been stabilizing near $61.


WTI Crude Oil and Natural Gas Forecast May 14, 2019

The WTI Crude Oil market shot higher initially during trading on Monday, but then reversed drastically to form a rather negative candle stick. We are sitting…


Crude Oil Price Outlook: Weak on Concerns About Global Demand

Worries that the US-China trade war could damage economic growth worldwide are holding back oil prices despite Gulf tensions and ongoing supply disruptions.


Have a nice trading!

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