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Crude Oil Prices Eyeing $70 Amid Viral Concerns, Small Stockpiles Draw


Crude Oil Prices Eyeing $70 Amid Viral Concerns, Small Stockpiles Draw
of clients are net short.
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of clients are net short.
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of clients are net short.
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of clients are net short.
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CRUDE OIL PRICE OUTLOOK:
US crude inventories fell less than expected last week, exerting downward pressure on prices
Heightened Covid-related travel restrictions in China may cast a shadow over the demand outlook
Crude oil prices held steady during Wednesday’s APAC session after falling 4.7% over the last two days. A rapid Covid-19 flareup in China cast a shadow over its growth outlook amid an already slowing economy. Authorities have reported 353 locally transmitted cases since July 20, with the highly contagi ....

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Crude Oil Prices Risk Forming a "Lower High" on Viral Concerns, Stockpiles Fall


Crude Oil Prices Risk Forming a “Lower High” on Viral Concerns, Stockpiles Fall
CRUDE OIL PRICE OUTLOOK:
US crude inventories fell more than expected last week, underscoring strong demand in North America
Lingering viral concerns may cast a shadow over the demand outlook for the rest of the world
Crude oil prices edged slightly higher during Thursday’s APAC session after falling 0.43% a day ago. Investors are holding their breath for Wednesday’s FOMC meeting and Jerome Powell’s press conference for clues about the Fed’s tapering timeline. Any surprise from the meeting may result in heightened market volatility. A more dovish-biased statement may soften the US Dollar and buoy commodity prices, whereas a hawkish one may lead to the reverse. ....

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Oil Futures Gain on Expected Stock Draws


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