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Oil prices are soaring over 1% at the start of the week after finding some technical support on the pivotal $80.63 level. Prices could be set to rise further due to both supply and demand factors.
Oil prices are turning red after the release of the monthly OPEC report. Biggest catalyst in the report that pushes Crude prices in the red this Tuesday comes from Iraq. The country produced substantially more barrels than the agreed quota amongst
Oil prices are trading in the green, though sideways overall this Monday with some slim gains on the back of headlines that Saudi Arabia’s Aramco has postponed plans to boost its production from 12 to 13 million
Crude Oil consolidates right below the $80 level. What’s next?
Oil prices are sliding nearly 1% on Friday as Iraq announced the reopening of a refinery that was closed for a decade and amid expectations that OPEC+ countries won’t opt for big production cuts.