OPEC+ will cut oil production by 2 million barrels per day amid looming demand concerns and the ongoing friction between the West and Russia over the war in Ukraine. The output cut, the largest since ...
Tag: WTI
Will Bitcoin’s rally sustain? DXY, SPX, GC and WTI could have the answer
Federal Reserve Chairman Jerome Powell said in a question and answer session hosted by the Cato Institute on Sept. 8 that the central bank will continue to hike rates until inflation is under control....
Recession Risks To Supply, Short Energy Markets Are Overstated
An oil rig south of Taft, California extracts crude. (Photo by David McNew/Getty Images) Getty Images Commodities have taken a pounding in recent days on growing fears of a global recession and demand...
Is it safe to buy WTI crude oil after bouncing from horizontal support?
A lot has happened in the energy markets in 2022, especially in the oil markets. WTI crude oil price surged to $130 in the second quarter of the year, after only in 2020 it had traded in negative terr...
Should you buy or sell WTI oil after the EU’s partial ban on Russian imports?
At the start of the trading week, the European leaders agreed to pursue a partial embargo on Russian oil. Since Russia invaded Ukraine in February this year, everything changed in the way Europe is do...
WTI crude oil price prediction: bulls remain in control while above $90
Inflation is on everyone’s mind lately. The prices of goods and services spiraled higher lately, fueled mainly by the monetary and fiscal policies in reaction to the COVID-19 pandemic and now by the R...
U.S. Oil stocks up as WTI hits 14-year high
The iShares U.S. Oil & Gas Exploration & Production ETF (IEO) is up more than 1.0% this morning after the war in Ukraine had the U.S. crude oil hit $130 a barrel on Monday. U.S. oil stocks are...
Bullish WTI Oil Traders Eyeing $92.38 for Next Breakout
U.S. West Texas Intermediate crude oil futures are edging higher late in the session on Friday, but slightly lower than its seven-year high reached earlier in the session. None-the-less, the U.S. benc...
Energy Sector Predictions For 2022
July 2021, Westlands Solar Park, near the town of Lemoore in the San Joaquin Valley of California is … [+] the largest solar power plant in the United States and could become one of the largest ...