Page 2 - Coil Chart News Today

Putin looks to boost European gas supplies to ease energy crisis concerns. US Consider Oil Release from SPR

Wall Street declined as the selloff in the tech sector picked up pace, though European stock markets have opened up in the green this morning. The DAX eased up from its 200-day SMA support – it’s not traded below this since Nov 2020. The FTSE 100 is mildly higher around 7,050 and remains well within […]

Energy markets have been on fire in September, and a push to fresh yearly highs may not be far away for crude oil prices.

Iran nuclear deal optimism sparks pullback in crude oil prices, but unlikely to derail outlook

Crude Oil Prices Drop as US Push Through With Anti-OPEC Bill 2021-04-20 16:20:00 Justin McQueen, Analyst Oil Prices Extend Losses on NOPEC Bill In line with the general risk-off sentiment, oil prices have come under notable selling pressure with both Brent and WTI crude futures falling 2-2.5%. Alongside this, the move lower in oil prices had been exacerbated by reports that the US House Judiciary Committee had passed a bill that would open OPEC to antitrust lawsuits over production cuts, making...

Crude Oil Rally Stretched, Risk of Possible Correction Ahead 2021-02-15 12:05:00 Justin McQueen, Analyst Oil Technical Levels to Watch Crude Oil Prices Extend Rally as Tighter Supply Underpins Oil prices have gone from strength to strength in recent months, as market participants look to a brighter 2021. That said, the acceleration in the move higher has stepped up with Brent crude futures breaking out since the move above $60,...

WTI crude oil continues to rally within channel formation May be in for a pullback/consolidation, using channel as guide Advertisement WTI crude oil remains in bullish channel WTI crude oil is on the extended side, but remains within the confines of a well-defined channel structure that keeps it pointed higher. With that in mind, we may see a pullback develop here soon that will alleviate any short-term overbought conditions that exist, but the outlook is generally bullish. A pullback to th...

Going to put in place loom large. they will begin november the 5th. indian oil exports 6.6 million barrels last year. taking a look at the oil chart right there. oil is kind of drifting sideways right now as this all plays out. look at the indian oil imports from 2017. 6.6 million brought in from the u.s. this year up to 06 million barrels while it cuts back on iranian oil. now, lets talk about irans oil production. its opecs third largest producer. 3.8 million barrels per day closer to 2 millio...