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The International Energy Agency doesn’t expect oil prices to rise significantly because demand is slowing and there is a glut in global crude markets, Executive Director Fatih Birol told an energy conference in New Delhi. More news on: The United States Oil ETF, LP, iPath S&P ...
Commodities were on mostly sound footing in the first half of 2019. The S&P GSCI returned more than 13 percent as of June 30, one of the best first six months in recent memory. It was not without its challenges, though. In a repeat of last year, crude oil was the top-performing commodity...
As the clouds of weak global economic growth started to shroud oil markets, the U.S. - Iran rivalry prevented oil prices from falling further. I opined in one of my articles that we will likely see $40 oil very soon, but after a few days, two tankers were attacked in the Gulf of Oman, lead...
Crude prices are steadying as U.S. oil companies begin restoring some of the nearly 74% of production that was shut in the Gulf of Mexico ahead of Hurricane Barry. More news on: Anadarko Petroleum Corporation, BHP Group, Chevron Corporation, Energy stocks news, News on ETFs, Top stock ma...
Right now, the oil industry is facing a significant degree of volatility, with fears from investors and market watchers alike centering around the prospect of weakening demand and a continued increase in the US output. In its latest Short-Term Energy Outlook report, the EIA (Energy Informati...
An oil pump is seen at sunset outside Scheibenhard, near Strasbourg, France, October 6, 2017. (REUTERS) The EIA forecast US oil production to average 12.36 million bpd in 2019, up about 40,000 bpd from last month's forecast, and 13.26 million bpd in 2020. OPEC kept its modest global oi...
In this article, we examine the significant weekly order flow and market structure developments driving WTI price action. The primary expectation for this week was for price discovery lower. This expectation did not play out as buying interest emerged early week within balance above last wee...
The following June OPEC data is based on the latest July OPEM Monthly Oil Market Report and is in thousand barrels per day. OPEC 14 crude-only production was down 68,000 barrels per day in June. Iran continues to decline, down 142,000 barrels per day in June. Iraq is still pretending q...
Bullish and bearish factors are at play in the crude oil market these days, and the price has stalled at just under the $60 per barrel level on nearby NYMEX August futures. Before the recent OPEC biannual meeting, the Saudi oil minister said that the sweet spot for Brent is between $60 and $70...
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2024-06-02 01:20:00 ET Stock Traders Daily has produced this trading report using a proprietary method. This methodology seeks to optimize the entry and exit levels to maximize results and limit risk, and it is also applied to Index options, ETFs, and futures for our subscribers. This...
2024-04-13 16:28:00 ET Stock Traders Daily has produced this trading report using a proprietary method. This methodology seeks to optimize the entry and exit levels to maximize results and limit risk, and it is also applied to Index options, ETFs, and futures for our subscribers. This...
2024-03-14 15:36:00 ET Stock Traders Daily has produced this trading report using a proprietary method. This methodology seeks to optimize the entry and exit levels to maximize results and limit risk, and it is also applied to Index options, ETFs, and futures for our subscribers. This...