Crude Oil Forecast & Inventory Report

44.445
-0.255
(-0.57%)
00:30:09 (GMT)
 44.43
 44.46
 44.7
 45.34
 44.13
Crude Oil Forecast May 3, 2016, Technical Analysis
Crude Oil Forecast May 3, 2016, Technical Analysis
 
WTI Crude Oil The WTI Crude Oil market fell during the day on Monday, breaking the bottom of the shooting star that form for Friday. That being the case, the market could very well drop a bit from here, as it has been a bit overextended. There is potential support at...
Crude Oil Forecast May 2, 2016, Technical Analysis
Crude Oil Forecast May 2, 2016, Technical Analysis
 
WTI Crude Oil The WTI Crude Oil market rose during the day on Friday, but pulled back in order to form a bit of a shooting star. The shooting star is of course a very negative candle, so if we break down below it I think that we will probably pull back to the $44...
Crude Oil Inventory Report Drives Prices Higher
Crude Oil Inventory Report Drives Prices Higher
Crude oil prices made new 5-month high at 46.62, with gains driven by overall dollar weakness, and declining U.S. production. Strong imports have boosted U.S. crude inventories to record levels, though domestic production has fallen off nearly 700k bpd from its 2014...
More Crude Oil Daily Technical Analysis
Crude Oil forecast for the week of May 2, 2016, Technical Analysis
Crude Oil forecast for the week of May 2, 2016, Technical Analysis
 
WTI Crude Oil The WTI Crude Oil market rose during the course of the week as we continue to see buyers flood into this market. Not only do we have drillers stepping away from the fields, but demand could now be starting to pick up slightly....
Crude Oil Forecast for the week of April 25, 2016, Technical Analysis
Crude Oil Forecast for the week of April 25, 2016, Technical Analysis
 
WTI Crude Oil During the course of the week, the WTI Crude Oil market initially fell. However, we found enough support near the $37 level to turn things around and form a fairly bullish candle. That being the case, the market ended up forming a...
Crude Oil forecast for the week of April 18, 2016, Technical Analysis
Crude Oil forecast for the week of April 18, 2016, Technical Analysis
 
WTI Crude Oil The WTI Crude Oil market initially rose during the course of the week but turned right back around to form a shooting star. There seems to be a lot of resistance between the $40 level and the $44 level, so the fact that we formed a...
More Crude Oil Weekly Technical Analysis

Latest Videos

 
  • Crude Oil Forecast May 3, 2016, Technical Analysis
    Crude Oil Forecast May 3, 2016, Technical Analysis
  • Crude Oil Forecast May 2, 2016, Technical Analysis
    Crude Oil Forecast May 2, 2016, Technical Analysis
  • Crude Oil forecast for the week of May 2, 2016, Technical Analysis
    Crude Oil forecast for the week of May 2, 2016, Technical Analysis
  • Crude Oil Forecast April 29, 2016, Technical Analysis
    Crude Oil Forecast April 29, 2016, Technical Analysis
  • Crude Oil Forecast April 28, 2016, Technical Analysis
    Crude Oil Forecast April 28, 2016, Technical Analysis
  • Crude Oil Forecast April 27, 2016, Technical Analysis
    Crude Oil Forecast April 27, 2016, Technical Analysis
  • Crude Oil Forecast April 26, 2016, Technical Analysis
    Crude Oil Forecast April 26, 2016, Technical Analysis
  • Crude Oil Forecast April 25, 2016, Technical Analysis
    Crude Oil Forecast April 25, 2016, Technical Analysis
  • Crude Oil Forecast for the week of April 25, 2016, Technical Analysis
    Crude Oil Forecast for the week of April 25, 2016, Technical Analysis
  • Crude Oil Forecast April 22, 2016, Technical Analysis
    Crude Oil Forecast April 22, 2016, Technical Analysis
  • Crude Oil Forecast April 21, 2016, Technical Analysis
    Crude Oil Forecast April 21, 2016, Technical Analysis
  • Crude Oil Forecast April 20, 2016, Technical Analysis
    Crude Oil Forecast April 20, 2016, Technical Analysis
  • Crude Oil Forecast April 19, 2016, Technical Analysis
    Crude Oil Forecast April 19, 2016, Technical Analysis
  • Crude Oil Forecast April 18, 2016, Technical Analysis
    Crude Oil Forecast April 18, 2016, Technical Analysis
  • Crude Oil forecast for the week of April 18, 2016, Technical Analysis
    Crude Oil forecast for the week of April 18, 2016, Technical Analysis
  • Crude Oil Forecast April 15, 2016, Technical Analysis
    Crude Oil Forecast April 15, 2016, Technical Analysis
  • Crude Oil Forecast April 14, 2016, Technical Analysis
    Crude Oil Forecast April 14, 2016, Technical Analysis
  • Crude Oil Forecast April 13, 2016, Technical Analysis
    Crude Oil Forecast April 13, 2016, Technical Analysis
  • Crude Oil Forecast April 12, 2016, Technical Analysis
    Crude Oil Forecast April 12, 2016, Technical Analysis
  • Crude Oil Forecast April 11, 2016, Technical Analysis
    Crude Oil Forecast April 11, 2016, Technical Analysis
  • Crude Oil forecast for the week of April 11, 2016, Technical Analysis
    Crude Oil forecast for the week of April 11, 2016, Technical Analysis
  • Crude Oil Forecast April 8, 2016, Technical Analysis
    Crude Oil Forecast April 8, 2016, Technical Analysis
  • Crude Oil Forecast April 7, 2016, Technical Analysis
    Crude Oil Forecast April 7, 2016, Technical Analysis
  • Crude Oil Forecast April 6, 2016, Technical Analysis
    Crude Oil Forecast April 6, 2016, Technical Analysis
  • Crude Oil Forecast April 5, 2016, Technical Analysis
    Crude Oil Forecast April 5, 2016, Technical Analysis
  • Crude Oil Forecast April 4, 2016, Technical Analysis
    Crude Oil Forecast April 4, 2016, Technical Analysis
  • Crude Oil forecast for the week of April 4, 2016, Technical Analysis
    Crude Oil forecast for the week of April 4, 2016, Technical Analysis
  • Crude Oil Forecast April 1, 2016, Technical Analysis
    Crude Oil Forecast April 1, 2016, Technical Analysis
  • Crude Oil Forecast March 31, 2016, Technical Analysis
    Crude Oil Forecast March 31, 2016, Technical Analysis
  • Crude Oil Forecast March 30, 2016, Technical Analysis
    Crude Oil Forecast March 30, 2016, Technical Analysis
  • Crude Oil Forecast March 29, 2016, Technical Analysis
    Crude Oil Forecast March 29, 2016, Technical Analysis
  • Crude Oil Forecast March 28, 2016, Technical Analysis
    Crude Oil Forecast March 28, 2016, Technical Analysis
  • Crude Oil forecast for the week of March 28, 2016, Technical Analysis
    Crude Oil forecast for the week of March 28, 2016, Technical Analysis
  • Crude Oil Forecast March 25, 2016, Technical Analysis
    Crude Oil Forecast March 25, 2016, Technical Analysis
  • Crude Oil Forecast March 24, 2016, Technical Analysis
    Crude Oil Forecast March 24, 2016, Technical Analysis
  • Crude Oil Forecast March 23, 2016, Technical Analysis
    Crude Oil Forecast March 23, 2016, Technical Analysis
  • Crude Oil Forecast March 22, 2016, Technical Analysis
    Crude Oil Forecast March 22, 2016, Technical Analysis
  • Crude Oil forecast for the week of March 21, 2016, Technical Analysis
    Crude Oil forecast for the week of March 21, 2016, Technical Analysis
  • Crude Oil Forecast March 21, 2016, Technical Analysis
    Crude Oil Forecast March 21, 2016, Technical Analysis
  • Crude Oil Forecast March 18, 2016, Technical Analysis
    Crude Oil Forecast March 18, 2016, Technical Analysis
  • Crude Oil Forecast March 17, 2016, Technical Analysis
    Crude Oil Forecast March 17, 2016, Technical Analysis
  • Crude Oil Forecast March 16, 2016, Technical Analysis
    Crude Oil Forecast March 16, 2016, Technical Analysis
  • Crude Oil Forecast March 15, 2016, Technical Analysis
    Crude Oil Forecast March 15, 2016, Technical Analysis
  • Crude Oil forecast for the week of March 14, 2016, Technical Analysis
    Crude Oil forecast for the week of March 14, 2016, Technical Analysis
  • Crude Oil Forecast March 14, 2016, Technical Analysis
    Crude Oil Forecast March 14, 2016, Technical Analysis
  • Crude Oil Forecast March 11, 2016, Technical Analysis
    Crude Oil Forecast March 11, 2016, Technical Analysis
  • Crude Oil Forecast March 10, 2016, Technical Analysis
    Crude Oil Forecast March 10, 2016, Technical Analysis
  • Crude Oil Forecast March 9, 2016, Technical Analysis
    Crude Oil Forecast March 9, 2016, Technical Analysis
  • Crude Oil Forecast March 8, 2016, Technical Analysis
    Crude Oil Forecast March 8, 2016, Technical Analysis
  • Crude Oil forecast for the week of March 7, 2016, Technical Analysis
    Crude Oil forecast for the week of March 7, 2016, Technical Analysis
  • Crude Oil Forecast March 7, 2016, Technical Analysis
    Crude Oil Forecast March 7, 2016, Technical Analysis
  • Crude Oil Forecast March 4, 2016, Technical Analysis
    Crude Oil Forecast March 4, 2016, Technical Analysis
  • Crude Oil Forecast March 3, 2016, Technical Analysis
    Crude Oil Forecast March 3, 2016, Technical Analysis
  • Crude Oil Forecast March 2, 2016, Technical Analysis
    Crude Oil Forecast March 2, 2016, Technical Analysis
  • Crude Oil forecast for the week of January 25, 2015, Technical Analysis
    Crude Oil forecast for the week of January 25, 2015, Technical Analysis
  • Crude Oil Forecast January 25, 2016, Technical Analysis
    Crude Oil Forecast January 25, 2016, Technical Analysis
  • Crude Oil Forecast January 22, 2016, Technical Analysis
    Crude Oil Forecast January 22, 2016, Technical Analysis
  • Crude Oil Forecast January 21, 2016, Technical Analysis
    Crude Oil Forecast January 21, 2016, Technical Analysis
  • Crude Oil Forecast January 20, 2016, Technical Analysis
    Crude Oil Forecast January 20, 2016, Technical Analysis
  • Crude Oil Forecast January 19, 2016, Technical Analysis
    Crude Oil Forecast January 19, 2016, Technical Analysis
  • Crude Oil forecast for the week of January 18, 2016, Technical Analysis
    Crude Oil forecast for the week of January 18, 2016, Technical Analysis
  • Crude Oil Forecast January 18, 2016, Technical Analysis
    Crude Oil Forecast January 18, 2016, Technical Analysis
  • Crude Oil Forecast January 15, 2016, Technical Analysis
    Crude Oil Forecast January 15, 2016, Technical Analysis
  • Crude Oil Forecast January 14, 2016, Technical Analysis
    Crude Oil Forecast January 14, 2016, Technical Analysis
  • Crude Oil Forecast January 13, 2016, Technical Analysis
    Crude Oil Forecast January 13, 2016, Technical Analysis
  • Crude Oil Forecast January 12, 2016, Technical Analysis
    Crude Oil Forecast January 12, 2016, Technical Analysis
  • Crude Oil forecast for the week of January 11, 2016, Technical Analysis
    Crude Oil forecast for the week of January 11, 2016, Technical Analysis
  • Crude Oil Forecast January 11, 2016, Technical Analysis
    Crude Oil Forecast January 11, 2016, Technical Analysis
  • Crude Oil Forecast January 8, 2016, Technical Analysis
    Crude Oil Forecast January 8, 2016, Technical Analysis
  • Crude Oil Forecast January 7, 2016, Technical Analysis
    Crude Oil Forecast January 7, 2016, Technical Analysis
  • Crude Oil Forecast January 6, 2016, Technical Analysis
    Crude Oil Forecast January 6, 2016, Technical Analysis
  • Crude Oil Forecast January 5, 2016, Technical Analysis
    Crude Oil Forecast January 5, 2016, Technical Analysis
  • Crude Oil forecast for the week of January 4, 2016, Technical Analysis
    Crude Oil forecast for the week of January 4, 2016, Technical Analysis
  • Crude Oil Forecast January 4, 2015, Technical Analysis
    Crude Oil Forecast January 4, 2015, Technical Analysis
  • Crude Oil Forecast December 31, 2015, Technical Analysis
    Crude Oil Forecast December 31, 2015, Technical Analysis
  • Crude Oil Forecast December 30, 2015, Technical Analysis
    Crude Oil Forecast December 30, 2015, Technical Analysis
  • Crude Oil Forecast December 29, 2015, Technical Analysis
    Crude Oil Forecast December 29, 2015, Technical Analysis
  • Crude Oil forecast for the week of December 28, 2015, Technical Analysis
    Crude Oil forecast for the week of December 28, 2015, Technical Analysis
  • Crude Oil Forecast December 28, 2015, Technical Analysis
    Crude Oil Forecast December 28, 2015, Technical Analysis
  • Crude Oil Forecast December 24, 2015, Technical Analysis
    Crude Oil Forecast December 24, 2015, Technical Analysis
  • Crude Oil Forecast December 23, 2015, Technical Analysis
    Crude Oil Forecast December 23, 2015, Technical Analysis
  • Crude Oil Forecast December 22, 2015, Technical Analysis
    Crude Oil Forecast December 22, 2015, Technical Analysis
  • Crude Oil forecast for the week of December 21, 2015, Technical Analysis
    Crude Oil forecast for the week of December 21, 2015, Technical Analysis
  • Crude Oil Forecast December 21, 2015, Technical Analysis
    Crude Oil Forecast December 21, 2015, Technical Analysis
  • Crude Oil Forecast December 18, 2015, Technical Analysis
    Crude Oil Forecast December 18, 2015, Technical Analysis
  • Crude Oil Forecast December 17, 2015, Technical Analysis
    Crude Oil Forecast December 17, 2015, Technical Analysis
  • Crude Oil Forecast December 16, 2015, Technical Analysis
    Crude Oil Forecast December 16, 2015, Technical Analysis
  • Crude Oil Forecast December 15, 2015, Technical Analysis
    Crude Oil Forecast December 15, 2015, Technical Analysis
  • Crude Oil forecast for the week of December 14, 2015, Technical Analysis
    Crude Oil forecast for the week of December 14, 2015, Technical Analysis
  • Crude Oil Forecast December 14, 2015, Technical Analysis
    Crude Oil Forecast December 14, 2015, Technical Analysis
  • Crude Oil Forecast December 11, 2015, Technical Analysis
    Crude Oil Forecast December 11, 2015, Technical Analysis
  • Crude Oil Forecast December 10, 2015, Technical Analysis
    Crude Oil Forecast December 10, 2015, Technical Analysis
  • Crude Oil Forecast December 9, 2015, Technical Analysis
    Crude Oil Forecast December 9, 2015, Technical Analysis
  • Crude Oil Forecast December 8, 2015, Technical Analysis
    Crude Oil Forecast December 8, 2015, Technical Analysis
  • Crude Oil forecast for the week of December 7, 2015, Technical Analysis
    Crude Oil forecast for the week of December 7, 2015, Technical Analysis
  • Crude Oil Forecast December 7, 2015, Technical Analysis
    Crude Oil Forecast December 7, 2015, Technical Analysis
  • Crude Oil Forecast December 4, 2015, Technical Analysis
    Crude Oil Forecast December 4, 2015, Technical Analysis
  • Crude Oil Forecast December 3, 2015, Technical Analysis
    Crude Oil Forecast December 3, 2015, Technical Analysis
  •  Crude Oil Forecast December 2, 2015 Technical Analysis
    Crude Oil Forecast December 2, 2015 Technical Analysis
  • Crude Oil Forecast December 1, 2015, Technical Analysis
    Crude Oil Forecast December 1, 2015, Technical Analysis
 
Oil Fundamental Forecast – May 3, 2016
Oil Fundamental Forecast – May 3, 2016
Crude Oil dipped 31 cents as traders booked profits after seeing close to a 20% gain in April and a huge surge at the end of last week. WTI oil is trading at 46.88 and Brent Oil us at 46.88. Oil near or above $50 a barrel could make drilling attractive again for USA shale...
Oil Fundamental Forecast – May 2, 2016
Oil Fundamental Forecast – May 2, 2016
Crude Oil continued its week-long rally adding 44 cents to trade at 46.47 while Brent Oil added 26 points to 48.03. The possibility of lower production has helped support the price of oil which was not even affected by lower US GDP or climbing inventory level. Prices edged to...
Oil Fundamental Forecast – April 29, 2016
Oil Fundamental Forecast – April 29, 2016
Crude Oil gave up 24 cents to 45.09 as traders booked profits. Oil is expected to continue to climb but will also see technical selling at each new level. Brent oil is trading at 46.72. The Economics Calendar today said the latest Energy Information Administration (EIA) data...
More Crude Oil Daily Forecasts
Oil Weekly Fundamental Analysis – May 2-6, 2016 - Forecast
Oil Weekly Fundamental Analysis – May 2-6, 2016 - Forecast
Crude Oil ended the week with a gain of over 5% to 46.02 while Brent oil closed at 47.39 as the rally continued all week.  Oil prices ended steady Friday after hitting 2016 highs, but finished April trading about 20 percent higher, with Brent crude having its...
Oil Weekly Fundamental Analysis, April 25 – April 29, 2016 –Forecast
Oil Weekly Fundamental Analysis, April 25 – April 29, 2016 –Forecast
U.S. and World crude oil markets posted a third week of gains as market sentiment turned more upbeat amid signs a global supply glut may be easing. International benchmark Brent crude futures gained about 5 percent this week and June WTI crude oil...
Oil Weekly Fundamental Analysis – April 18-22, 2016 -Forecast
Oil Weekly Fundamental Analysis – April 18-22, 2016 -Forecast
Crude Oil suffered a huge loss at the end of the week to close at 40.41 but ended the week with a gain of 1.74% ahead of the DOHA meeting on Sunday. Fox News said that following a scheduled meeting in the deserts of Doha, Qatar on Sunday, global oil...
More Crude Oil Weekly Forecasts
Oil Monthly Fundamental Forecast – May 2016
Oil Monthly Fundamental Forecast – May 2016
Crude Oil spent the month on a roller coaster ride ending at the top of a downhill trough. Traders will most likely begin to sell to book profits after oil ended the month at 46.02 seeing a gain of 20% this month. Brent Oil ended at 47.39. Oil will most likely hold gains...
Oil Monthly Fundamental – April 2016
Oil Monthly Fundamental – April 2016
Crude Oil saw a monthly gain over 11% at 38.26 while Brent Oil climbed 9% to 40.16 as hopes of a production cut in April will support prices and reduce global inventories. Oil prices were steady to firmer on track to their largest monthly gain in almost a year and also a quarterly...
Oil Monthly Fundamental Forecast - March 2016
Oil Monthly Fundamental Forecast - March 2016
Outlook and Recommendation Crude Oil is set to end the month of 33.8 with a monthly gain of 0.65% while Brent Oil closed at 36.64 up over 5% for the month. Oil traders are preparing for another downward turn in prices by March 2016, market data suggests, as what is...
More Crude Oil Monthly Forecasts
As Producers Discuss Lower Production They Were In Fact Increasing It
It was a crazy trading day in the energy space, with crude oil reversing gains to take significant hits. As we suggested on Monday morning traders would most likely sell oil as May opened to book profits after a 20% gain in April. WTI oil fell $1.19 to trade at 44.73 while Brent oil fell $1.50 to 45.88. Data released on Monday showed that global production soared while producers were negotiating to freeze quotas. Reuters reported that oil prices fell about 3 percent on Monday as production from the
Crude Weakens on Increased Middle East Production Fears
June Crude Oil backed off from its 2016 highs on Monday on the fear that rising production in the Middle East will outweigh a decline in U.S. output and a dramatically weaker U.S. Dollar. Crude production by OPEC rose in April to 32.64 million barrels per day barrels per day, close to the highest level in recent history. Iraq’s April exports from southern fields increased, as did seaborne exports from Russia, the biggest exporter outside OPEC. Late last week, it was reported that the U.S. rig count fell for
Over Production Shifts From US Shale To Middle East
According to the EIA, the oil supply situation worsened for the week. If the organization's estimates are accurate, crude stocks came in at 540.6 million barrels. This represents an increase of 2 million barrels compared to the 538.6 million seen a week earlier and happens to be meaningfully larger than the 1.1 million barrel draw the American Petroleum Institute estimated a day before the release. In the graph below, you can see what the overall trend has been for crude stocks over the past 52 weeks.
Find a Broker
Continue to FX Empire Network