Forecasts & Analysis | WTI Crude Oil
Crude Oil Price Forecast – Crude Oil Markets Balance
Crude oil markets have initially fallen during the trading session on Wednesday, but as you can see, we have turned around to show signs of life again.
Oil Price Fundamental Daily Forecast – Lower as Recession Fears Offset New COVID Easing in China
Traders are blaming the weakness on concerns about recession and easing fears that the cap on Russian oil prices would lead to a supply shortage.
Crude Oil Price Update – Strong Dollar Pushing Market into Major Value Zone at $72.31 – $63.73
The greenback strengthened into the close on bets of higher rates by the Fed, making dollar-denominated oil more expensive for foreign buyers.
Crude Oil Price Forecast – Crude Oil Markets Continue to Plunge
Crude oil markets have fallen again during the trading session on Tuesday, as it looks like we are ready to threaten even further bearish pressure.
Oil Price Fundamental Daily Forecast – Fed Rate Hike Concerns Support Dollar, Cap Crude Oil Gains
A stronger greenback tends to weigh on foreign demand for dollar-denominated crude oil. This is likely the main reason prices fell on Monday.
Crude Oil Price Update – Strong Greenback Weighs on Dollar-Denominated Oil
Uncertainty over Fed policy drove the U.S. Dollar higher, weighing on dollar-denominated commodities like crude oil and gold.
Crude Oil Price Forecast – Crude Oil Markets Rallied to Kick Off the Week
The crude oil markets have rallied during the Monday session as we continue to see a lot of noisy behavior overall.
What Do You Need To Know About Labor and Oil Markets?
Stock investors are braced for a rocky start to the week as markets continue to digest surprisingly strong US payroll data and potential fallout in global oil markets as the West cracks down on Russian supplies.
Oil Price Fundamental Daily Forecast – Supported by Easing COVID Restrictions, Capped by OPEC+ Decision
Chinese cities eased COVID-19 curbs over the weekend. However, OPEC+ decided to hold their output targets steady.
Crude Oil Price Update – Sentiment Shifts to Downside Ahead of OPEC+ Decision, Russian Oil Ban
Uncertainty ahead of an OPEC+ meeting on Sunday and a European Union ban on Russian crude oil on Monday encouraged traders to trim positions.