Crude oil Price Archives

Crude oil price opens the week lower on concerns global trade may be impacted by geopolitical wrangling at G7 summit

Last Updated on: May 22, 2023 8:07 PM by Neal Bhai

WTI Oil is in a long-term downtrend, making successive lower lows. Given the old adage that the trend is your friend, this favors short positions over long positions.

Crude Oil Prices Expected to Remain in the Range of $100

Published on: July 11, 2022 9:17 AM by Neal Bhai

Brent crude may hover around the current level of $104 a barrel for the remaining part of the current year, but may fall to $98 per barrel next year, investment bank JPMorgan said on Friday. “Under scenarios where supply is constrained, we think oil could rally to $190/380 per barrel as well.

Crude oil Price is consolidating

Published on: June 28, 2022 6:02 AM by Ananya

On Monday morning, the Brent price is balancing at $113 per barrel The commodity marker remains uncertain – the supply isn’t expanding as quick as it is expected to, and the demand might drop as well.

Crude Oil Price Firm Ahead of OPEC Meeting – Gold Silver Reports

Last Updated on: February 2, 2022 1:00 PM by PIA CHAUHAN

The crude oil price gained 17 percent in the month of January and Russia- Ukraine tensions and started the month of February on a positive note.

Brent Crude Oil Price Forecast: Signs of a Major Reversal Appearing

Last Updated on: December 17, 2021 10:12 PM by Neal Bhai

Crude oil has witnessed elevated prices for the better part of 2H 2021 on the back of the global economic recovery which has taken place ever since the April 2020 low. However, oil had some difficulty surpassing the 2018 high at the historically important $86.67 area (highlighted with blue circles).

Oil at $100? Big Oil CEOs Join Traders in Seeing This Possibility

Last Updated on: June 23, 2021 7:08 PM by Neal Bhai

Oil at $100? The bosses of some of the world’s biggest oil companies said crude prices are likely to keep rising because a lack of investment will curtail future supply.

Crude Oil Price Retreats as OPEC+ Hints at supply Hikes

Last Updated on: April 5, 2021 8:43 PM by Neal Bhai

The price of crude oil declined slightly after the latest OPEC+ meeting. The leaders met during the weekend and agreed to gradually ease some of its production cuts between May and July.