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Oil Prices Rise After Support Rejection, Strong USD & Growth Risks May Cap Gains
Oil prices (WTI futures) perked up on Tuesday, up more than 2.5% to ~$79.00 per barrel, after a relentless sell-off in recent days, but settled slightly below their best intraday levels as risk assets, such as equities, came under pressure in afternoon trading. Despite today's moves in the energy complex, the near-term outlook for WTI appears bleak, especially after major levels have been invalidated over the past two weeks. Looking at the daily chart below, we can see that light crude futures are trading below the 200-day, 100-day and 50-day moving averages and have been making lower highs and lower lows ... (full story)
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From @sevenloI|Sep 27, 2022tweet at 3:09pm: SWEDEN'S FOREIGN MINISTER: WE CAN SAY THIS IS LIKELY AN ACT OF SABOTAGE ON NORD STREAM, NOT RULING OUT ANY SCENARIOS SWEDEN'S DEFENCE MINISTER: THERE IS A READINESS TO FREE UP MILITARY RESOURCES AS NEEDED
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From bnnbloomberg.ca|Sep 27, 2022Russia’s energy conflict with Europe escalated dramatically as three pipelines were wrecked in suspected sabotage and Gazprom PJSC warned that the last remaining route to western ...
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From @LiveSquawk|Sep 27, 2022tweet at 2:06pm: Danish PM: #NordStream Leaks Now Seen As Deliberate Actions - ‘We Do Not See A Direct Military Threat Against Denmark’ #LNG tweet at 2:06pm: DENMARK'S ENERGY MINISTER: IT IS OUR ASSESSMENT THAT THE LEAKS ARE NOT CAUSED BY ACCIDENTS BUT BY BLASTS
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From argusmedia.com|Sep 27, 2022US offshore operators shut 11pc of Gulf of Mexico oil production as a precaution ahead of Hurricane Ian, which is expected to hit the west coast of Florida Wednesday evening. ...
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From @PriapusIQ|Sep 27, 2022|27 commentstweet at 4:25pm:
EU'S VON DER LEYEN SAYS ANY DELIBERATE DISRUPTION OF ACTIVE EUROPEAN ENERGY INFRASTRUCTURE IS UNACCEPTABLE AND WILL LEAD TO THE STRONGEST POSSIBLE RESPONSE - Reuters via https://t.co/ymHY6x3NYD tweet at 4:37pm: 
*EU'S VON DER LEYEN SAYS NORD STREAM DISRUPTION IS 'SABOTAGE' -
From @EnergyAndOil|Sep 27, 2022tweet at 4:31pm: #API Crude: +4.150M Cushing: +0.357M Gasoline: -1.048M Distillates: +0.438M #OOTT
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- Posted: Sep 27, 2022 3:21pm
- Submitted by:Category: Technical AnalysisComments: 0 / Views: 188
