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

02:59pm, Wednesday, 05'th Apr 2023
Oil futures settled modestly lower on Wednesday, with U.S. prices posting a loss for the first time in five sessions. Oil markets have priced in the initial shock of the announced OPEC+ production cut
The EIA report did not have a material impact on the price of oil as traders were not ready for big moves after the recent rally.
Crude oil markets have done very little during the trading session on Wednesday, as we continue to hang around the previous resistance area.
Despite OPEC+ output cuts, weak economic data in US and China keep oil prices stable.

Oil ticks lower ahead of U.S. inventory data

07:27am, Wednesday, 05'th Apr 2023
Oil futures drifted lower early Wednesday, steadying after sharp gains that followed a round of unexpected OPEC+ production cuts last weekend, as traders weigh worries over the economic outlook agains
An unexpected production cut announced on Sunday by OPEC+ oil producers complicates strained relations between the U.S. and Saudi Arabia, with investors seeing signs of geopolitical posturing in the d
Ed Morse, Citi global head of commodities research and managing director, joins 'Power Lunch' to discuss services leading China's recovery, declining U.S. demand for oil, and the global natural gas ex
U.S. oil futures settled higher for a fourth session in a row on Tuesday, at their highest since January, with prices continuing to find support after Sunday's surprise OPEC+ decision to cut productio
Oil markets may need more time to stabilize after the recent rally as traders were unprepared for the surprising OPEC+ production cut.
Crude oil markets have been somewhat quiet during the trading session on Tuesday, but by being quiet, that's actually a very bullish thing.

Tech Is Bullish on Oil

10:47am, Tuesday, 04'th Apr 2023
The news of the shocking OPEC+ announcement of a supply cut is saturating the minds of investors and market prognosticators. We would like to remind our investors of the longer-term implications of wh
Oil futures rose Tuesday, extending gains seen the previous session after Saudi Arabia and several of its OPEC+ allies surprised traders on Sunday by announcing a production cut of over a million barr
Crude futures extended gains, having posted their largest rise in more than a year Monday.
The oil price extended its gains after yesterday's surprise cut in production by members of OPEC+ and analysts think there is more to come with one seeing the increase in prices as a bigger medium ter
OPEC+ cuts output, analysts raise oil price forecasts; higher prices may impact economy.
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