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  • WTI bears eye a continuation to test $70.50s

    From fxstreet.com

    West Texas Intermediate, WTI, is currently trading at $71.93 and has traveled between a low of $71.03 and $74.33. Meanwhile, comments from Russia's oil minister, who said next month's OPEC+ meeting was unlikely to end with further cuts to production, have weighed on the black gold. Reuters reported Russian oil minister Alexander Novak said further cuts from OPEC+ were unlikely following more than one-million barrels per day of voluntary cuts that took effect at the start of May. "The likelihood of OPEC cutting further only a month later is low. Signs of stronger demand should provide some comfort to bullish ... (full story)

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    Malek: Oil Is Being Used as a Proxy, and It's Dangerous

    From youtube.com/markets|May 25, 2023

    Christyan Malek, head of energy strategy at JPMorgan Chase & Co., talks about the upcoming OPEC meeting and global oil demand and why there could be future energy shortages.

    Woman hoses down Just Stop Oil protesters at Chelsea Flower Show

    From youtube.com/skynews|May 25, 2023

    A visitor at Chelsea Flower Show has hosed down Just Stop Oil protesters after they threw orange paint over a garden.

    European LNG Imports on the Rise

    From fitchratings.com|May 25, 2023

    European LNG import capacity is expected to increase by 74% over the next few years based on the projects announced so far, Fitch Ratings says in a new report. European LNG import ...

    •   Newer Stories
    Energy Market Commentary: Bob Iaccino, 5/25/23

    From youtube.com/cmegroup|May 25, 2023

    Natural Gas futures decline during four of the last five sessions. Bob Iaccino has more.

    Oil Trader Andurand Losing 46% In Worst Year Ever

    From zerohedge.com|May 25, 2023

    This year's slide in oil has been painful to commodity bulls, and none more so than famed oil hedge fund manager Pierre Andurand whose already bad year is getting worse. Bloomberg ...

    Colombia May Rethink Exploration Ban as Oil, Gas Reserves Dwindle

    From bnnbloomberg.ca|May 25, 2023

    Colombia is studying the need for more exploration contracts after a report showed oil and gas reserves dropping, according to a senior minister. The government wants to lead a ...

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  • Posted: May 25, 2023 5:31pm
  • Submitted by:
     Newsstand
    Category: Technical Analysis
    Comments: 0  /  Views: 89
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