Bullish Forecasts Support Crude Prices
U.S. West Texas Intermediate crude oil futures are trading lower on Friday, but are still in a position to finish higher for the week.
Source: oilprice.com
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Why Traders Have Started To Dump Crude
WTI crude fell below $90 on Thursday to stabilize around $88 on Friday as traders were rushing to dump positions in crude amid fears of lower demand and rising interest rates
Source: oilprice.com
Why Oil Prices Could Spike Next Week
Crude prices have rallied toward the end of the week, and prices could rise further if OPEC+ fails to reassure the market
Source: oilprice.com
Why OPEC's Plan To Pump More Crude Won't Rescue The Market
Tight supply in oil markets continues to drive price action, and despite OPEC’s intention to pump more crude, compliance rates are still lagging behind
Source: oilprice.com
Three Bullish Factors That Could Send Oil To $120
Oil prices have been rising this week on a flurry of bullish news, and analysts see price risk to the upside as traders are betting on a reopening of the Chinese economy in June
Source: oilprice.com