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WTI Crude Oil and Natural Gas Forecast - Thursday, July 27
Today 9:51 EDT
The WTI Crude Oil market initially fell during the session on Wednesday, but found plenty of support underneath as the US dollar cratered. This was due to the Federal Reserve sounding a bit more dovish... Read More
from Blogs - TalkMarkets
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Give Me Those Old Time Fundamentals
July 26, 2017
Oil prices had its biggest up move of the year, rising 3.3% on lower supply and higher demand. I don’t mean to be so fundamental about the fundamentals, but in truth, that's why we soared. Read More
from Blogs - TalkMarkets
The WTI Crude Oil market rallied during the day on Tuesday, slicing through the $47 level. By doing so, and breaking above the top of the shooting star from last week, the market looks as if it is... Read More
from Blogs - TalkMarkets
Top 5 Things Happening in the Market Today
July 25, 2017
Brent oil extended its gains to around $48.90 a barrel as Saudi Arabia promised deep cuts to crude exports next month to ease the global glut. In addition, some signals are emerging that US shale... Read More
from Blogs - TalkMarkets
Crude Oil: Extends Recovery, Eyes 47.71 Zone
July 25, 2017
With the commodity taking back most of Friday losses on Monday and following through higher on Tuesday, a follow through higher is envisaged in the days ahead. Read More
from Blogs - TalkMarkets
The WTI Crude Oil market rallied during the day on Monday, showing signs of resiliency again after the Saudi Arabian ministers suggested that they are willing to cut production even further. Read More
from Blogs - TalkMarkets
The company admitted that it can no longer support its capital spending budget, and it would cut its 2017 capital budget by $300 million, becoming the first major U.S. oil producer to do so, as a... Read More
from Blogs - TalkMarkets
Oil Prices Head Higher on OPEC Moves
July 25, 2017
On Monday OPEC agreed that Nigeria would join its partners by capping its production or even reducing output from its current levels near 1.8 million barrels per day. Read More
from Blogs - TalkMarkets
Gold Prices Shrug Off Upbeat US Data with FOMC in Focus
July 25, 2017
Gold prices stalled, shrugging off an encouraging set of July US PMI figures that showed nonfarm activity growth grew at the fastest pace in six months. Read More
from Blogs - TalkMarkets
Crude jumps as the headlines are coming in from the OPEC, non-OPEC monitoring committee meeting in St. Petersburg, where ministers are convening to chat about market conditions. Read More
from Blogs - TalkMarkets
WTI Crude Oil and Natural Gas Forecast - Monday, July 24
July 24, 2017
The WTI Crude Oil market initially tried to rally during the day on Friday but found enough resistance at the $47 level. We fell significantly from there, slicing through the $46 handle. Read More
from Blogs - TalkMarkets
Following the latest weekly battering of the USD, which has tumbled to near one year lows, the latest CFTC net spec positioning saw a continuation of recent extreme moves, nowhere more so than in Euro... Read More
from Blogs - TalkMarkets
Crude oil prices tumbled after tanker tracker Petro-Logistics SA said OPEC output will exceed 33 million barrels per day in July, making it the largest yet this year. Read More
from Blogs - TalkMarkets
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