Search Results for: oil price
Oil dips but still set for strongest January in five years
January 29th, 2018
Oil eased below $70 a barrel on Monday as rising U.S. output undermined efforts led by OPEC and Russia to tighten supplies, but prices were still on track for their strongest start to the year in five years. Brent ...
Elliott wave Analysis: Crude oil and EURJPY
January 25th, 2018
Elliott wave Analysis: Crude oil and EURJPY Crude oil can be trading at the end of a sharp, impulsive wave three near the 66.15 region. We may already see first step of a temporary pullback of wave iv take ...
Brent crude oil rises to $70
January 15th, 2018
Brent crude oil prices rose to $70 a barrel on Monday, supported by ongoing output cuts led by OPEC and Russia, and ignoring a rise in U.S. and Canadian drilling activity that points to higher future output in North ...
Elliott wave Analysis: USDCAD and Crude oil Intra-day Updates
January 5th, 2018
Elliott wave Analysis: USDCAD and Crude oil Intra-day Updates USDCAD broke lower, now making a sharp fall out of a Elliott wave triangle it seems so we need five sub-waves within a fifth wave before this bear move ...
Agricultural commodity prices to fall again in 2018, says Goldman Sachs
December 27th, 2017
Agricultural commodity prices, on course for a third successive year of decline, are on course for a fourth, Goldman Sachs said, even as it lifted its forecast for cotton prices. The investment bank forecast commodity returns overall, as measured ...
Gas prices rise in freezing Europe
December 13th, 2017
Energy markets were shocked Tuesday by the closure of a pipeline in the North Sea and a major explosion at a facility in Austria that helps move natural gas from Russia. The price of both crude oil and natural ...
Oil Markets Cautious
November 14th, 2017
Oil prices fell on Tuesday as the prospect of further rises in U.S. output undermined ongoing OPEC-led production cuts aimed at tightening the market. Brent crude futures LCOc1 were at $62.94 per barrel at 0415 GMT, down 22 cents, ...
Elliott Wave Analysis: USD Index and Crude oil Update
November 2nd, 2017
USD Index broke to a new high of the month recently, so we have to respect what the market is doing and go with the flow. It’s a sharp rise up from 93.48 region that looks like a wave ...
Commodity prices likely to rise further in 2018: World Bank
November 1st, 2017
Oil prices are forecast to rise to $56 a barrel in 2018 from $53 this year as a result of steadily growing demand, agreed production cuts among oil exporters and stabilizing U.S. shale oil production, while the surge in ...
Oil traders take profits
October 31st, 2017
Oil prices eased on Tuesday as traders took profits following days of gains and as the prospect of increasing U.S. exports dampened overall bullish sentiment that has driven Brent above $60 per barrel. Traders said that Iraq’s move to ...
