WTI oil prices were heading for weekly gains of close to 2% in early trading on Friday, supported by an expected Federal Reserve interest rate cut, escalating U.S.-Venezuela tensions and stalled peace
Crude oil rallied to a 10-day high of $60.10 Thursday, reclaiming the 20-day average for a fourth day and triggering an initial breakout above the falling channel while the weekly chart flips to a bul
President Donald Trump has blamed drug trafficking for the deadly U.S. strikes on boats in the Caribbean Sea and his threats to force the resignation of Venezuela's President Nicolás Maduro, but crud
Oil prices gained ground as geopolitical risk premium increased.
OPEC's oil output edged lower in November, despite an OPEC+ agreement to raise production for the month, due to outages in some members, a Reuters survey found on Thursday, bringing supply from the gr
Oil trades slightly positive but remains stuck in a broader downtrend, repeatedly rejected by key technical levels. Both WTI and Brent continue to face pressure from oversupply, keeping rallies limite
Look for more AI adoption to help broaden the stock market next year, but overly optimistic sentiment may need a reset early on, says strategist Warren Pies.
WTI holds $59.23 support as Ukraine strikes raise supply risk and refine output drops, keeping crude steady with a mild bullish bias.
Geopolitical tensions and rising channels support natural gas and oil, but resistance zones and oversupply risks keep prices capped in the near term.
Oil and natural gas prices remain influenced by geopolitical tensions and technical breakouts, but weak fundamentals and oversupply continue to limit sustained upside.
Oil rose in Asia morning trade as markets stayed focused on geopolitical tensions.
Oil prices moved slightly higher on Thursday after Ukrainian attacks on Russia's oil infrastructure signalled potential supply constraints, and stalled peace talks tempered expectations of a deal rest
U.S. and Russia failed to reach breakthough on Ukraine peace deal.
Crude oil rallies into key technical barriers, including a downtrend line, the 50-day EMA, and the $60 level, but the analyst maintains a bearish stance due to persistent high supply and weak demand,
Crude oil rises as failed peace talks revive the risk premium, while traders watch the 50-day MA and await EIA data to gauge demand, supply, and inventory trends.
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