With Natural Gas hitting a pivotal $1.83 amidst market shifts and rising oil prices, investors face a critical decision point on their holdings.
Oil prices ticked up in early Asian trading on Monday, firming up gains from last week when prices rose nearly 4% on the view that supply was tightening.
IEA predicts stronger oil demand; U.S. refinery surge cuts stockpiles; geopolitical issues threaten supply stability.
The bullish technical picture provides additional support to oil prices.
Another week has come and gone, and it looks like crude oil markets are intent on pressuring the major resistance barrier that they have been dealing with for some time.
Crude oil markets continue to look bullish, despite the fact that we did pullbacks slightly during the day on Friday. Crude oil markets continue to look bullish, despite the fact that we did pullbacks
Crude oil poised for a solid weekly gain amid increased IEA demand forecast, U.S. stockpile drop, and global tensions impacting energy markets.
"The main assumption is OPEC+ will maintain cuts, which have been extended," says Crystol Energy founder and CEO Carole Nakhle as she examines the International Energy Agency's oil forecast on Bloombe
Amid a 4% potential weekly gain, high U.S. inflation and a stronger dollar may lead to a cautious stance on natural gas and oil prices.

Oil dips on profit taking after price crosses $85

08:42pm, Thursday, 14'th Mar 2024
Oil prices edged lower on Friday but were on track to gain nearly 4% for the week as sharp declines in U.S. crude and fuel inventories, drone strikes on Russian refineries and a rise in energy demand
WTI oil and Brent oil moved above key resistance levels.
Near-term global oil and liquids production growth will be driven primarily by the U.S., Guyana, Canada, and Brazil, offsetting voluntary production cuts by OPEC+, the U.S. Energy Information Agency (
The crude oil market continues to see a lot of upward pressure, and it certainly looks as if it is getting ready to breakout finally.
Healthy oil prices raise the incentive to keep tabs on upstream firms like Matador (MTDR), Marathon Oil (MRO) and Magnolia (MGY).
U.S. crude rises above $80 as oil supply deficit forecast for 2024
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