Markets

Crude Oil (CLN2) Price Live

53.185
09:58:48(GMT)
0.9350
(1.79%)*Daily Change

TECHNICAL SUMMARY

BUYMoving Averages
SELLTrend Indicators
NEUTRALNumeric Indicators
NEUTRALVolatility Indicators

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LATEST NEWS

Crude Oil OPEC Logo
6 hours ago

Tracking Production Cut Compliance Could Prove Difficult for OPEC

Three weeks into the new year and 21 days since OPEC/Non-OPEC countries began cutting output, we have the first meeting of representative of the cartel and several other major oil producers outside the cartel, in Vienna, to discuss compliance with the oil production cut agreement. The purpose of the meeting will be to establish a … Continue reading Tracking Production Cut Compliance Could Prove Difficult for OPEC

Donald_Trump 5
yesterday

Stocks Steady Ahead of Trump’s Inauguration

U.S. stocks were trading higher shortly before the inauguration of President Donald Trump. This may be an indication that investors are willing to give Trump the benefit of the doubt when it comes to his policies at least over the short-term. Recently, he took heat because he has not yet revealed the details of this … Continue reading Stocks Steady Ahead of Trump’s Inauguration

yesterday

Commodities Consolidate as they Await Next Direction

Gold prices and other commodity prices continued to consolidate for the second day. After a strong uptrend during the early part of the year, gold price seem to have settled down and they are waiting for some impetus from some direction for it to make the next move in a specific direction. The prices are … Continue reading Commodities Consolidate as they Await Next Direction

Crude Oil Daily News
2 days ago

EIA, API Inventories Reports Confuse Crude Oil Traders

U.S. crude oil futures rose on Wednesday, but retreated from its highs after the U.S. Energy Information Administration (EIA) reported a surprise increase in the country’s crude stockpiles as refinery activity fell. According to the EIA, U.S. commercial crude inventories rose by 2.3 million barrels in the week through January 13 to 485.5 million barrels. … Continue reading EIA, API Inventories Reports Confuse Crude Oil Traders

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LATEST FORECASTS

Christopher Lewis

Crude Oil forecast for the week of January 23, 2017, Technical Analysis

WTI Crude Oil The WTI Crude Oil market fell initially during the week but found enough support just above the $50 level to form a hammer. The hammer of course is a bullish sign, but we also should worry about the $55 level above. That’s an area that should cause quite a bit of resistance, … Continue reading Crude Oil forecast for the week of January 23, 2017, Technical Analysis

Christopher Lewis

Crude Oil Forecast January 23, 2017, Technical Analysis

WTI Crude Oil The WTI Crude Oil market gapped higher at the open on Monday, as we continue to see quite a bit of volatility in this market. I still believe that there is a massive amount of resistance above, extending all the way to at least the $55 level. I also recognize that the … Continue reading Crude Oil Forecast January 23, 2017, Technical Analysis

David Becker

WTI Crude Daily Update for January 23, 2017

Crude oil moved higher on Friday, gaining slightly more than 2% and poised to test short term resistance near the 20-day moving average at 53.62.  A close above this will lead to a test of the 55.22 zone.  Support is seen near the January lows at 52.19.  A larger than expected rise in the oil … Continue reading WTI Crude Daily Update for January 23, 2017

James Hyerczyk

Crude Oil Update – Prices Firm Ahead of OPEC Compliance Meeting

Short-covering ahead of this weekend’s meeting of the world’s top oil producers in Vienna is helping to drive March crude oil prices higher early Friday. The purpose of the meeting is to assess compliance with the OPEC/non-OPEC plan to cut production. The rally is expected to be limited, however, as investors continue to react to … Continue reading Crude Oil Update – Prices Firm Ahead of OPEC Compliance Meeting

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