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Direxion Daily Energy Bear 2X Shares Newsroom
WTI Crude Bulls Push Higher, But Analysts Warn Of Strong Resistance Ahead
Oil Prices Mixed Following the Latest Developments in the Russia-Ukraine War
usa crude oil market lit up with a red light for the first time in nine months: warning of oversupply sounded!
The global oil market once again sends a warning signal of oversupply, with an important indicator in the usa crude oil market — the prompt price difference falling to a negative value for the first time.
Oil Steady After Biggest Gain in Over Five Weeks on Weak Dollar
Crude Oil Ticks up as Russia-Ukraine Tensions Intensify, yet Bearish Undertone Persists
IEA: Crude oil demand growth in 2024 may be halved, with a surplus of over one million barrels of crude oil expected every day next year.
In terms of demand, the IEA expects that this year, global oil consumption will increase by 0.92 million barrels per day, which is less than half of the growth rate in 2023. By 2025, demand will grow by 0.99 million barrels per day. However, the IEA predicts that supply growth will continue, with production from countries such as the usa, Brazil, Canada, and Guyana increasing by 1.5 million barrels per day this year and next.
WTI Crude's Bounce Not Enough To Break Bearish Bias, Says RHB
Crude Oil Trades Stuck at $68 Level Ahead of API Stockpile Data
Oil Inches Higher But Demand Outlook Weighs on Sentiment -- Market Talk
If OPEC+ cancels the voluntary production cut plan, what will happen? Analysis: Oil prices may be halved next year.
1. The agreement of OPEC+ member countries to reduce daily production of 2.2 million barrels of crude oil has been postponed until the end of December; 2. Market observers state that if the organization does not reach a genuine agreement to control production in the future, oil prices may fall to $30 or $40 per barrel next year; 3. According to forecasts, the organization is more likely to gradually phase out production cuts early next year, rather than immediately withdrawing completely.
OPEC Trims Oil Demand Projections for Fourth Consecutive Month
US Government Buys Oil for Strategic Reserves yet Again – Commerzbank
Oil Trading Higher Even as OPEC Cuts Demand Forecast
Crude Oil Finds Cushion Even as Traders Expect More Downside Under Trump
OPEC's in Trouble – TDS
Crude Oil Tests Fresh Seven-day Low on Continued Concerns About Demand
BMI Predicts Decline In Oil Prices, Citing OPEC+ And US Election
OPEC+ has extended the duration of production cuts, the decrease in supply is helping the oil price bottom rebound.
The overall trend of crude oil is showing a volatile upward trend. The average price of WTI this week is $70.78 per barrel, up $1.75 per barrel, or 2.53%, from the previous week. During the week, the main factors boosting oil prices include: OPEC+ extending production cuts, hurricanes leading to a reduction in US oil production, and ongoing uncertainty in the Middle East geopolitical situation. The main factors putting pressure on oil prices include: EIA's increase in crude oil and petroleum product inventories.
Oil Prices Rise As Investors Weigh US Election Impact And Supply Disruptions
Oil Edges Higher Ahead of Fed Decision -- Market Talk