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US Energy Information Administration Weekly Storage Report The EIA on Thursday reported a 98 Bcf withdrawal from U.S. gas stocks for the week-ended February 26. Analysts were looking for a triple digit pull, so the report was deemed disappointing. ...
Daily Swing Chart Technical Forecast The direction of the May WTI crude oil market on Monday is likely to be determined by trader reaction to Friday’s close at $65.92. Bullish Scenario A sustained move over $65.92 will indicate the presence of ...
Daily Swing Chart Technical Analysis The main trend is up according to the daily swing chart. The uptrend was reaffirmed earlier today when buyers took out Friday’s high. A trade through $31.14 will change the main trend to down. The minor trend is ...
Crude is trading sideways in Wednesday trade. U.S. crude oil is trading at $53.95, up $0.01 or 0.03% on the day. Brent crude oil is trading at $60.22, up $0.22 or 0.37%. The sharp slide which started last week sent U.S. crude prices lower by over 10 ...
U.S. West Texas Intermediate crude oil futures are down sharply on Monday shortly before the regular session opening. Concerns over a drop in demand from Asia are driving prices lower. The catalyst behind the selling pressure is the rapidly ...
Natural gas markets have fallen a bit during the trading session again on Monday, as we continue to see natural gas get absolutely hammered. Even though temperatures in the United States are getting colder, quite frankly we have so much in the way ...
U.S. West Texas Intermediate crude oil futures are trading higher on Monday after hitting their highest level in over a week after two large crude production bases in Libya began shutting down after forces loyal to commander Khalifa Haftar closed a ...
U.S. West Texas Intermediate crude oil futures are trading flat-to-lower early Wednesday, while posting an inside trade. The price action indicates investor indecision and impending volatility. The market posted a potentially bullish technical ...
With a quiet economic calendar as we approach Christmas, crude prices remain subdued on Tuesday. Currently, West Texas Intermediate crude futures are trading at $60.78, up $0.11 or 0.18%. Brent crude oil futures are trading at $66.86, down $0.10 or ...
U.S. West Texas Intermediate crude oil futures tumbled on Friday, but still managed to close higher for the third consecutive week. Prices were boosted throughout the week by hopes of demand growth in 2020 due to the thawing of tensions between the ...
U.S. West Texas Intermediate crude oil futures are trading lower shortly after the regular session opening and before the release of the U.S. Energy Information Administration (EIA) weekly inventory report at 15:30 GMT. The report is likely to ...
There is no “trigger point” for a breakout on Monday. The price action will be determined by the trend traders. If the trend buying remains strong then traders will try to take out Friday’s high at $60.39. If the trend traders decide to sell then ...
Crude oil prices are slightly lower on Tuesday. In the North American session, West Texas Intermediate crude oil futures are trading at $55.68, down $0.22 or 0.41%. Brent crude oil futures are trading at $60.82, down $0.27 or 0.44%. After Friday’s ...
Crude oil has treated traders with sharp swings this week. After declining by 4.7% earlier in the week, crude has almost fully recovered. In Thursday’s North American session, West Texas Intermediate crude oil futures are trading at $57.77, up $0.79 ...
Natural gas futures are trading higher on Wednesday. Several factors could be driving the price action. We could be looking at a slight shift in the weather forecast toward cooler temperatures. Bottom-pickers could have stepped in ahead of the main ...
U.S. West Texas Intermediate and international-benchmark Brent crude oil futures are trading marginally lower on Wednesday after two days of aggressive selling pressure. The attempted recovery from early session weakness is likely being fueled by ...
Crude oil has reversed directions on Monday and has posted slight gains. In the North American session, West Texas Intermediate crude oil futures are trading at $57.30, down $0.57 or 0.98%. Brent crude oil futures are trading at $62.76, up $0.68 or ...
The current U.S.-China trade deal headlines could hold the crude oil market hostage for a few days until there is fresh news. The recent price action indicates traders are being reactive to the news, not proactive. Furthermore, given the lack of ...
Natural gas futures finished sharply lower last week as the extremely cold weather blanketing most of the country passed on and forecasts indicated a return to more seasonal temperatures. Data also shows the recent spike higher in prices was ...
U.S. West Texas Intermediate crude oil futures are trading lower early Wednesday as concerns over the lack of progress in the trade talks between the United States and China have dampened the optimism that has been fueling the rally since October ...