Crude oil prices remain in a bearish trend, trading near $60 per barrel, with technicals and fundamentals pointing to further downside. U.S. energy deregulation and OPEC+ production increases are ...
0445 GMT – WTI crude oil futures’ momentum is now turning bearish, based on the technical chart, StoneX’s Matt Simpson says in a commentary. A “pronounced bearish engulfing” week marked a key top and ...
U.S. crude oil inventories increased by 7.36 million barrels, significantly more than analysts' forecasts, contributing to a bearish market sentiment. This build comes amidst a backdrop of record-high ...
Petroleum futures were higher across the board at midday Wednesday, with crude oil benchmarks up by just over $1/bbl. The contracts were supported in part by reports that China is open to negotiations ...
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Commodity Talk: MCX crude oil consolidating within a bearish triangle pattern. Should you buy, sell or hold?
Stalled sentiments were lifted amid fears of oversupply exacerbating further. The October crude oil futures were trading at Rs 5,669 per BBL, rising by Rs 37 or 0.66% on the MCX. In international ...
Over the past 15 years, Cushing has seen a dramatic increase in its tankage and pipeline connectivity, solidifying its position as the world's largest crude oil hub. The push to export crude oil after ...
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