Search Results for: oil
Iran, Iraq to seal gas oil deal
April 11th, 2016
The contract for exporting two million tons of gas oil to Iraq will soon be inked to turn the neighboring country into largest buyer of the Iranian oil product. Given that Iran possesses surplus capacity for the production and ...
Intraday Elliott Wave Analysis On Crude OIL And GBPUSD
April 11th, 2016
Crude OIL Crude OIL made a strong push to the upside last week, around 39.81, where we labeled this three wave rally as a correction in wave 2. That said we now expect a reversal into lower levels, that ...
European stocks slip at the open as oil falls
April 11th, 2016
European markets opened lower, following a mostly negative lead from Asia, as the oil price reversed its positive moves to trade in the red. The pan-European STOXX 600 was down 0.3 percent. Asia markets were mostly lower on Monday morning although Chinese ...
Oil rises on signs of tightening market, but economic worries weigh
April 11th, 2016
Oil prices rose on Monday, extending a sharp rally seen at the end of last week after a drop in U.S. inventories and drilling, while outages and hopes that exporters could freeze output also supported prices. Oil futures were ...
Elliott Wave Analysis On USDJPY And Crude OIL
April 8th, 2016
USDJPY Stocks were trading sharply to the downside yesterday which caused some strong buying of Japanese yen, but this can be changing now based on latest price action on USDJPY. We have seen quite a strong turn up so ...
Oil Prices Soar After Inventory Data
April 7th, 2016
Chinese economic gauge also shows quicker-than-expected improvement Oil prices rallied Wednesday on an unexpected decline in U.S. crude stockpiles. Light, sweet crude for May delivery settled up $1.86, or 5.2%, at $37.75 a barrel on the New York Mercantile ...
Looming gasoline glut pulls down global crude oil prices
April 5th, 2016
Oil prices dropped for a third session on Tuesday, as weakening demand for gasoline and persistent doubts on whether crude producers will be able to reach an agreement to rein in a worldwide supply glut dragged on the market. ...
Oil Drops After Saudis Say Will Freeze Output Only If Iran Joins
April 4th, 2016
Will boost sales if others lift output: Deputy crown prince Russian production expands to set post-Soviet high in March Oil extended declines after Saudi Arabia’s deputy crown prince said the kingdom will freeze output only if Iran follows suit, ...
Elliott Wave Analysis On S&P500 And Crude OIL
March 31st, 2016
S&P500 E-mini S&P500 is clearly bullish on a daily chart so we will look for more gains after any pullback on lower time frames. Well, in the mid-term traders should be aware of a corrective retracement back to around ...
Shell faces corruption probe over $1bn oil deal in Nigeria
March 31st, 2016
Italian officials to investigate company’s role in acquisition of disputed oil block jointly owned with energy group Eni Italian anti-corruption investigators have opened a formal investigation into Shell’s acquisition of a stake in a $1.09bn (£755m) oil block in Nigeria. ...
