Crude oil forecast

Crude Oil Price Forecast

Crude Oil Price Forecast  The Crude oil market has been in the headlines, but both the WTI and the Brent markets are suffering significant stress. Although one went lower and one went higher, both are extraordinarily weak. The Crude Oil market fell rather hard during the trading session on Monday and Tuesday as we continue…

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Covid-19 And The Oil Industry

Covid-19 and the oil industry As Coronavirus lockdowns continue to spread around the world, the oil industry faces more disruption to demand and supply chains, with many margins and prices already collapsing. With travel and broader economic activity across the world restricted, demand for transport fossil fuels has dropped. This reduction in demand is particularly…

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How to Trade Crude Oil

Oil Prices Sink To 20-Year Low

Oil prices sink to 20-year low Oil prices have slumped to their lowest for two decades as doubts grew about Donald Trump’s hopes of ending the US lockdown and investors braced for a week of potentially damaging figures about the impact of the coronavirus on the world economy. The price of US crude oil plunged…

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crude oil inventories

Crude Oil Inventories 15 April 2020

Crude Oil Inventories 15 April 2020 The forecast for this weeks crude oil inventories was 12.1M and the actual outcome was 19.2M indicating lower oil prices. The first reaction was indeed to the down side with a break of support but we had to look at a retracement that took out resistance but could not…

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Crude Oil Inventories 8 April 2020

Crude Oil Inventories 8 April 2020 The forecast for this weeks crude oil inventories was 9.8M and the actual outcome was 15.2M indicating lower oil prices. The first reaction was to the up side with a break of resistance but eventually breaking support and a trade setup short that had some troubles in the beginning…

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Monthly Trading Recap – March 2020

Monthly Trading Recap – March 2020 We could see high volatility during the month of March due to 2 major happenings, the first one being the negotiation to cut oil production between the oil producers of Russia and Saudi Arabia and the second one called COVID-19 that caused a major shut down of the world…

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Russia Ready To Agree To Oil Cuts

Russia Ready To Agree To Oil Cuts Russia’s oil industry is ready to agree to cuts in production together with Saudi Arabia and other major producers in a desperate bid to halt the slide in prices. While the Kremlin hasn’t confirmed a willingness to take part in reducing crude output by 10 million barrels, as…

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crude oil inventories

Crude Oil Inventories 1 April 2020

Crude Oil Inventories 1 April 2020 The forecast for this weeks crude oil inventories was 3.7M and the actual outcome was 13.8M indicating higher oil prices. The first reaction was to the down side with a break of support and eventually a trade setup short that brought some pocket change for us. Price eventually was…

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