crude oil inventories

Crude Oil Inventories 24 JUNE 2020

Crude Oil Inventories 24 JUNE 2020 The forecast for this weeks crude oil inventories was 1.2M and the actual outcome was 1.4M basically in line with the forecast and indicating a lower crude price.  We always wait for support or resistance and price was indeed able to break the established support level. We followed our…

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crude oil inventories

Crude Oil Inventories 17 JUNE 2020

Crude Oil Inventories 17 JUNE 2020 The forecast for this weeks crude oil inventories was 0.0M and the actual outcome was 1.2M giving us some difference between the forecast and previous outcome and indicating a lower crude price.  We always wait for support or resistance and price was eventually never able to break the established…

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crude oil inventories

Crude Oil Inventories 10 JUNE 2020

Crude Oil Inventories 10 JUNE 2020 The forecast for this weeks crude oil inventories was -1.8M and the actual outcome was 5.7M giving us some difference between the forecast and previous outcome and indicating a lower crude price.  We always wait for support or resistance and price was eventually never able to break the established…

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crude oil inventories

Crude Oil Inventories 06 May 2020

Crude Oil Inventories 06 may 2020 The forecast for this weeks crude oil inventories was 8.5M and the actual outcome was 4.6M giving us some difference between the forecast and previous outcome. Price action was to the upside but we always wait for support or resistance to appear on our HTF Chart. Resistance was established…

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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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