Oil traders remain bullish ahead of the weekend.
Crude oil markets have rallied during the course of the week, but it looks like we are struggling with a significant resistance barrier.
Crude oil markets saw a significant surge in prices during Friday's trading session, hinting at a potential breakout for both WTI Crude Oil and Brent.
WTI crude oil remains stable, set for a fifth consecutive week of gains, driven by a bullish outlook and sustained by healthy demand and supply cuts.
Oil prices fell in early Asian trade on Friday as demand concerns weighed against strong economic data.
U.S economic data provided additional support to oil markets.
Per Lekander, managing partner at the Clean Energy Transition, discusses the outlook for OPEC and its partners and says the collapse of the energy alliance could send oil prices sharply lower.

Oil prices bounce back toward 3-month highs

07:24am, Thursday, 27'th Jul 2023
Oil futures rose early Thursday, taking back ground lost the previous session to trade near three-month highs as investors looked for further tightness in global supplies of crude.
WTI crude oil prices surged 1%, recovering from losses, fueled by supply tightness and optimism over Chinese demand, defying economic concerns.
Julian Fowles, CEO of the oil and gas exploration and production company, says he expects demand will be "pretty strong" over the next few years.

U.S. oil futures mark first loss in 5 sessions

02:50pm, Wednesday, 26'th Jul 2023
U.S. oil prices settled with a loss on Wednesday for the first time in five trading sessions. Prices held onto their losses after the Federal Reserve raised its benchmark interest rate, as expected.
Oil traders decided to take some profits off the table near multi-month highs.
WTI crude oil prices eased off highs on rising US crude inventories and Fed rate hike concerns.
Oil prices eased on Wednesday, sliding from three-month highs hit the previous day after industry data showed an expected rise in U.S. crude stockpiles, but losses were capped amid signs of tighter gl

U.S. oil futures end at highest since mid-April

02:39pm, Tuesday, 25'th Jul 2023
U.S. oil prices settled Tuesday at their highest since mid-April, ahead of Wednesday's weekly update on domestic petroleum supplies from the Energy Information Administration. “Near-term, the market
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