Forecasts & Analysis | WTI Crude Oil
Oil Price Fundamental Daily Forecast – Supported by Supply Disruption Fears Ahead of EIA Report.
The bullish wildcards are a possible pipeline disruption in Europe, supply destruction in the Middle East, and a surprise EIA drawdown.
Crude Oil Price Forecast – Crude Oil Markets Continue to Stay in Consolidation
The crude oil markets have been relatively choppy during the trading session on Tuesday as we stay within a relatively well-defined range.
Crude Oil Price Update – Cooler PPI Data, Weaker Dollar Needed to Offset Demand Fears
Weak US Producer Price Index data could drive the dollar lower, giving crude oil a possible boost.
Crude Oil Price Forecast – Crude Oil Markets Continue to Grind
Crude oil markets have pulled back just a bit to kick off the trading week, as we continue to go sideways more than anything else.
Oil Price Fundamental Daily Forecast – US Dollar Rebound, Rising China COVID Cases Sink Crude
The markets reversed their trajectory and headed lower as the U.S. Dollar surprisingly strengthened, weighing on dollar-denominated crude.
Crude Oil Weekly Price Forecast – Crude Oil Markets Building Base
Crude oil markets look like they are building a base on the weekly chart, although it’s worth noting that there’s a lot of confusion out there so that has a lot to do with what we are seeing.
Crude Oil Price Forecast – Crude Oil Markets Have Slightly Bullish Day
Crude oil markets have rallied a bit during the trading session on Friday, as we continue to see more of a back-and-forth choppy market.
Crude Oil Price Update – Cooler-than-Expected US Consumer Inflation News Fuels Turnaround
The U.S. inflation news drove down the U.S. Dollar, which helped fuel foreign demand for dollar-denominated crude oil.
Crude Oil Price Forecast – Crude Oil Markets Pull Back After Initial Surge
Crude oil markets have initially tried to rally during the trading session on Thursday, but gave back gains later in the day.