Traders Blog - Analysis, Strategies, News and more: Tag - Oil News
City and China, Oil killers!
Oil is recovering after the worse day in three months!Oil prices on Wednesday could recover a bit after yesterday's free fall. Earlier today, WTI could recover some of its loss. However, concerns about demand destruction remain in the background. On...
OPEC+ And recession pressure on Oil prices!
Production increase, a decision that has no executive guaranteeOn the first day of the meeting, OPEC+ members decided to increase production by 648,000 bpd in August, which increased production to the pre-pandemic level. As you know, OPEC+ cut the 9....
Russia's advance on war takes the Energy market hot!
Oil paused the bears; Gas lost almost 10%While Oil prices, after a free fall to $102 in the past day, could recover and trade stable at around $140, Natural Gas lost 9.6% today to print one of its most significant single-day falls in years. As w...
Weekly Outlook, 20-24 June
BTC at 18K, and Powell`s testimony After the hawkish stances of major central banks, we have to watch the economic data this week. However, with more time passing, investors adjusting themselves and their portfolios to the new policy proce...
Biden-Bin Salman against Crude Oil prices
US Inflation and the pressure on politiciansThe rampant rise in inflation has prompted Biden to take further action. As data shows, US inflation is still increasing in both consumer and producer prices and is mainly caused by higher energy prices. In...