OPEC predicts rising 2023-2024 oil demand; US inflation data suggests easing Fed rate hikes, while extended production cuts support oil prices.

Oil prices tick higher on OPEC demand optimism

08:38pm, Thursday, 10'th Aug 2023
Oil prices edged higher on Friday on optimism from the OPEC producer group that oil demand will be robust in 2024 as it also nudged up its expectations for global economic growth.

The Effect Of Technical Analysis On ETF Investing

01:59pm, Thursday, 10'th Aug 2023
I explain the methodology for choosing which ETFs to invest in, using a combination of technical and fundamental analysis to identify the best sectors and trends. I suggest that ETFs are not less than
Oil markets declined despite bullish OPEC report as traders focused on profit-taking.
Oil price surged to the highest level in almost nine months. Investors could tap the bullish trend with the help of leveraged ETFs to make quick profits.
The structure of the global benchmark Brent crude futures market is at its most bullish since April, reflecting the impact of production cuts from the Organization of the Petroleum Exporting Countries
Crude oil markets ran into a bit of resistance on Thursday, as it looks like exhaustion is setting into the market.
Gas prices spiked over 40% higher this week following reports of terminal worker strikes in Australia, exposing the continued volatility of the market. Reports of the potential strike action among Woo
OPEC on Thursday said it saw prospects for a healthy oil market in the second half of the year and stuck to its forecast for robust oil demand in 2024 as the outlook for world economic growth slightly

U.S. oil benchmark edges down from 2023 high

07:11am, Thursday, 10'th Aug 2023
Oil futures edged lower early Thursday, pausing a rally that saw the U.S. benchmark end the previous session at a 2023 high.
Crude oil resilience persists amidst Saudi supply constraints despite EIA inventory surge, China growth skepticism.
Oil prices fell in early Asian trade on Thursday after reaching fresh highs in the previous session as concerns about the Chinese economy offset the positive impact of steep drawdowns in U.S. fuel sto
Stan Majcher, portfolio manager at Hotchkis & Wiley, joins 'The Exchange' to discuss today's energy sector surge, strength in oil demand, long term oil supply concerns.
Oil traders bet that U.S. will continue to buy oil for the Strategic Petroleum Reserve.
Oil prices test new highs as traders focus on the new buyer in a tight market.
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