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Forex Trading, Market News & Technical Analysis

Today’s Trading Edge: Oil remains heavy as supply concerns weigh on prices

Posted by WorldWideMarkets . on Mar 20, 2017 11:23:41 PM

 

Oil prices initially rallied in NY after OPEC support for continuing their supply cut agreement into second half of year is reportedly increasing.  They also noted that they would require non-OPEC participation to extend agreement.  The markets ignored the prospect of a possible extension of supply cuts as concerns remain strong on growing US oil output and high inventories. 

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Topics: US Crude oil, crude oil, WTI, $OIL

Today’s Trading Edge: Oil freefall pauses as risk appetite thrives after FBI director Comey again exonerated Clinton on emails

Posted by WorldWideMarkets . on Nov 8, 2016 12:49:07 AM

 

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Topics: Crude, US Crude oil, crude oil, West Texas Intermediate crude oil

Today’s Trading Edge: Oil rallied after Saudi Arabia and Russia sign a pact that does not include specific freezing terms

Posted by WorldWideMarkets . on Sep 6, 2016 1:05:00 AM

Oil prices initially soared over 5% following the announcement that Saudi Arabia and Russia signed a pact that included limiting output, but failed to specify production levels.  The joint release highlighted that both countries are to form a working group to review oil market fundamentals and recommend measures to ensure price stability. They plan on meeting in Algiers later this month, in Moscow in Oct and at the next OPEC meeting in November 30th

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Topics: US Oil, US Crude oil, USOIL, West Texas Intermediate crude oil, $OIL

Today’s Trading Edge: Oil slides on falling demand and oversupplied concerns

Posted by WorldWideMarkets . on Jul 25, 2016 10:51:46 PM

 

Oil prices sold off in New York after Genscape weekly inventories rose by 1.1 million barrels at the oil base in Cushing, Oklahoma.  Currently the fundamentals have been driving oil lower to a near 2-month low.  Crude oil demand has been trending below refined product demand. 

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Topics: US Oil, US Crude oil, crude oil, WTI, USOIL, West Texas Intermediate crude oil, $OIL

Oil Rises as Libya Fighting Flares Up Before OPEC Meets

Posted by Chris Advincula on May 31, 2016 4:06:47 AM

(May 30 Bloomberg) Oil rose as fighting erupted near Libya's biggest crude shipping port and OPEC delegates prepared to meet this week in Vienna to assess output.

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Topics: Crude, commodities, US Crude oil, Fundamentals, Brent, OPEC

 

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