Forecasts & Analysis | WTI Crude Oil
Oil Price Fundamental Daily Forecast – Higher as API Draw Offsets China Demand Worries Ahead of EIA Data
Traders are looking for the U.S. Energy Information Administration’s Weekly Inventories report to show a 2.6 million barrel drawdown of crude oil.
Crude Oil Price Forecast – Crude Oil Attempting a Recovery
Crude oil markets have rallied a bit during the trading session on Tuesday, after forming a massive hammer on Monday.
Crude Oil Price Forecast – Crude Oil Markets Continue to Drift Slightly Lower
Crude oil markets have fallen a bit during the trading session on Monday, as we continue to see oil looked rather soft.
Oil Price Fundamental Daily Forecast – Weaker on Fears that Rising Rates Will Push US into Recession
Hawkish comments last week from several Fed officials dampened demand for crude oil and also sparked concerns over the U.S. economic outlook.
Crude Oil Price Update – Mounting Demand Issues Offsetting Tight Supply Situation
For weeks, supply concerns had been propping up prices, but sentiment shifted throughout the week on renewed demand worries.
Crude Oil Weekly Price Forecast – Crude Oil Markets Break Down
Crude oil markets have broken down significantly during the course of the trading week, as traders start to price in a lack of demand.
Crude Oil Price Forecast – Crude Oil Markets Plunge Into the Weekend
The crude oil markets plunge during the trading session on Friday, as we have seen a significant amount of downward pressure finally break the back of support.
Crude Oil Price Update – Trader Reaction to $81.67 Sets the Tone Amid Concerns Over Demand
The market is poised to finish lower for the week on concerns about weakening demand in China and further interest rate hikes by the Fed.
Crude Oil Price Forecast – Crude Oil Continues to Drift Lower
Crude oil markets have struggled a bit on Thursday again as we continue to see worries about demand causing major issues in this market.