Crude Oil Price Pullback, Putin to the Rescue
Putin looks to boost European gas supplies to ease energy crisis concerns. US Consider Oil Release from SPR
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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 it illegal for any foreign state to act collectively to limit the production of oil or set prices. ...