Traders Blog - Analysis, Strategies, News and more: Tag - Oil News
OPEC Meeting, US inventories, and price prediction!
Economic data was disappointing, but Powell's speech increased the sentimentsOPEC meeting will start today, December first to set policy and the amount of output and supply. And then on the second day, they will make the final decision in consultatio...
The first death in six-month! Oil sharp fall and return
The bears are trying to prove themselvesLast Friday WTI tested the price under $80 for the first time since September 28. The downtrend continued at the beginning of this week as well, to test the $75.20 on Monday. However, right after that bulls reg...
Oil fell after the OPEC report and Asian data!
OPEC lowered its demand expectation for 2022 and 2023OPEC published its monthly report for November 2022 on Monday. According to this report, OPEC lowered global oil demand growth for this year and 2023. The Organization of the Petroleum Exporting Co...
Oil on junction! Stocks and inventories are both rising!
Wall Street's main indexes raised sharply on slower consumer prices. Crude prices fell sharply this week as Inventories in the US increased, concerns over global economic recession grew, and rumors about the resurgence of the coronavirus in Chin...
Global Economic Outlook | November 2022
Positive sentiments in the stock markets, eyes on inflation and labor markets.Geopolitical tensions and inflation fears across the globe will likely keep the high volatility over the remainder of 2022. Even if they were a bit softer and more cautious...