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Crude Oil - Oil feels the heat as trade war weighs on sentiment
Front-month Brent crude futures, the international benchmark for oil prices were firmer, at $68.73 per barrel, 4c above their last close. Both crude contracts last week registered their biggest price ...
Oil steadies as trade fears balance Mideast tension and supply cuts
The main factor preventing crude prices from rising on the geopolitical news is the concern about the global economy, said Petromatrix oil analyst Olivier Jakob. “The macroeconomic outlook does ...
Brent Crude Oil Price Update – Looking for Short-Term Rally into 200-Day Moving Average
Regular trading for oil on the New York Mercantile Exchange and metals on the Comex will be closed for the Memorial Day holiday. When trading resumes on Tuesday, based on Friday’s close at $67.47, the ...
Oil Price Fundamental Daily Forecast – Short Sellers May Have Fired First Warning Shot Last Week
For July WTI crude oil, the 50% level is $59.70 and the 200-day moving average is at $60.61. For August Brent crude oil, the key technical levels are $67.60 and $68.59. Somewhere between these levels, ...
IIT Madras' technique to efficiently recover oil from India's offshore wells
Domestic crude oil production is currently insufficient to meet India's energy demands, said Jitendra Sangwai, professor, Department of Ocean Engineering, IIT Madras. He said Oil and Natural Gas ...