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WTI Remains Below $80 a Barrel, Upside Seems Limited -- Market Talk
U.S. oil futures continue to trade below $80 a barrel with limited upside prospects despite the attempt to recover from Friday's selloff, says Daniela Sabin Hathorn, senior market analyst at Capital.
Oil Inches Higher on Softer U.S. Dollar After Biden Drops Out -- Market Talk
Oil prices edge higher on a softer U.S. dollar as investors gauge the implications of President Joe Biden's decision to drop out of the presidential race.
Oil Prices Rise As Investors Look For Signs U.S. Rate Cuts To Begin
Oil prices rose in early trade on Monday as investors keep a lookout for signs of a rate-cut cycle expected to begin as soon as September.
Crude Oil Could Be Next – TDS
The notable declines in commodity demand expectations continue to threaten the energy complex although CTAs still hold substantial ammunition to deploy on the offer, TDS senior commodity strategist Daniel Ghali note.
Brent Oil Price Trends Upward Amid Positive Market Signals
Brent crude oil has reached $85.40, marking a continued increase over two consecutive sessions. This upward trend is primarily supported by recent US energy inventory statistics, which showed a significant decrease of 4.87 million barrels against an anticipated decline of 0.8 million barrels.
WTI Consolidates in a Narrow Band Near Weekly Top, Holds Above Mid-$81.00s
West Texas Intermediate (WTI) US crude Oil prices build on the previous day's solid rebound from the 50-day Simple Moving Average (SMA) support and climb to a fresh weekly peak during the Asian session on Thursday.