Gold Silver Reports – Crude Oil prices inched up on Wednesday, supported by expectations of a fall in U.S. crude inventories and by the ongoing outage of the North Sea Forties pipeline system.
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Crude Oil Traders Snap Up Bullish Options for $80 Brent Next Year
Gold Silver Reports – Oil traders are increasingly betting that Brent crude will climb to $80 a barrel from the middle of next year, as OPEC and its allies prepare for a second year of output cuts amid simmering geopolitical tensions.
Crude Oil Tops $65, First Time Hit Since 2015, on UK Pipeline Outage
Gold Silver Reports – Crude Oil Tops $65, First Time Hit Since 2015, on UK Pipeline Outage – Crude Oil rose above $65 a barrel for the first time since mid-2015 on Tuesday following a shutdown of the UK’s biggest North Sea oil pipeline, which helps set the benchmark for global prices.
Crude Oil Expected Trade Zone 3642—3860 Levels
Gold Silver Reports – Technically now Crude Oil is getting support key at 3702 and below same could see a test of 3642 levels and resistance key is now likely to be seen at 3814, a move above could see prices testing 3860.
Crude Oil Prices slip After IEA Casts Doubt over Demand Report
Gold Silver Reports – Crude Oil prices tumbled on Wednesday, continuing Tuesday’s slide after the International Energy Agency cast doubts over the past months’ narrative of tightening fuel markets.
Crude Oil Above $80 Before Christmas?
Gold Silver Reports – Crude Oil Above $80 Before Christmas? – With oil prices trading near their highest level in two years, some traders are betting that the price rise could have more room to run.
Crude Oil Price Report October 26, 2017
Gold Silver Reports – The WTI Crude Oil market broke down significantly during the day on Wednesday, testing the $52.50 level IV resistance, and then rolling over. This is also in reaction to a larger than anticipated inventory build, as it shows we continue to struggle to burn off the massive oversupply of crude. I think if we can break down below the $51.50 level, the market could drop significantly.