Forecasts & Analysis |
Crude Oil Markets Continue to Pressure Resistance
Crude oil markets rallied during the trading session on Wednesday to threaten the resistance above. Because of this, it looks as if it is only a matter of time before we break out.
WTI Crude Oil Closes Lower Depite Larger-than-Expected API Draw
We’re looking for the market to continue to trade in a range over the near-term.
Crude Oil Prices Capped by China Lockdowns, Underpinned by New Russian Sanctions
Bearish traders don’t want to see an end to China’s lockdowns. They want the global economy to weaken enough to substantially drive down demand.
Crude Oil Markets Continue to Find Buyers on Dips
Crude oil markets have fallen a bit during the trading session on Tuesday but have found buyers yet again on the dip. Because of this, the market is likely to continue seeing more of a “buy on the dips” attitude.
China’s Lockdowns Are Removing At Least 1 Million BPD From Oil Demand
China’s ‘zero-COVID’ policy is causing the removal of at least 1 million barrels per day of demand for oil and there is no reason to expect either the policy or its effects to change any time soon
July Brent Crude Oil Strugging to Overcome $108.06 – $111.64 Retracement Zone
The direction of the July Brent crude oil market on Tuesday is likely to be determined by trader reaction to $108.06.
June WTI Crude Oil Posting Two-Sided Trade on Shifting Fundamentals
The direction of the June WTI crude oil market into the close on Monday is likely to be determined by trader reaction to $104.14.
Crude Oil Markets Get Hit to Kick Off the Week
Crude oil markets have fallen a bit during the trading session on Monday to show signs of hesitation yet again. At this point, the market continues to compress.
The Lifting Of Oil Blockade At Libya’s Zuetine Does Not Signal The End Of Shutdowns
Libya’s NOC lifted the oil blockade on key Zuetina Port overnight but this is unlikely to be followed elsewhere, leaving around half of its oil production closed off
Crude Oil Bulls Betting on Russian Oil Ban, Bears on China Demand Drop
China’s COVID lockdowns are raising fears that crude oil demand will fall, but an embargo of Russian oil will make global supplies even tighter.