oil technical

Do we have a replay in the oil price markets?

Crude oil Analysis Crude oil prices have risen to their highest levels since September 2019 at the close of trading last week following the US-China trade deal Another reason for the supposed rise in crude oil prices was the cut in production, which OPEC members concluded that an additional 500,000 barrels per day would be reduced from production by March…

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Factors point for a temporary halt at the crude oil prices

Crude oil Technical analysis Oil prices fell sharply  Tuesday and yesterday  as US Secretary of State Mike Pompeo claimed that Iran was ready to come to the negotiating table over the nuclear deal Crude Oil Inventories Monthly Report IEA stated that the oil market showed a global surplus in the second quarter this year versus previous expectations for a deficit.…

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Action to temper oil costs who will win Trump or OPEC

Crude oil Technical analysis  last week  Trump announced that US  will not be renewing or extending oil waivers they had granted to eight counties allowing them to continue purchasing Iranian oil in reduced quantities despite U.S. sanctions. Looking at the developments in the futures market, as of the end of the 23rd day, no significant change is seen, and the…

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