Crude oil price

  • Commodities

Oil Price Makes Marginal Gains, But Downward Pressure Remains

Crude oil prices were on a rebound early Friday, as the world’s most traded commodity opened trading at $73.97 after…

Feb 02, 2024, 11:51 GMT
  • Commodities

Oil Price Loses Momentum as Weak China Growth Dampens Mood

Oil continued signaled signs of instability on Thursday, with WTI crude gaining marginally to trade at $76.71 at 16:40 UTC,…

Feb 01, 2024, 20:23 GMT
  • Commodities

Brent Crude Oil Price Prediction: UKOIL Tanks For 3rd Straight Day

Brent Crude Oil (UKOIL) price turned red for the third consecutive day on Friday. The futures contracts for black gold…

Dec 29, 2023, 19:22 GMT
  • Commodities

Brent Crude Oil Price Hits Resistance Amid Red Sea Trade Disruptions

Brent crude oil price rose 0.83% on Friday in a bullish continuation. Nevertheless, the bulls were still unable to break…

Dec 22, 2023, 10:31 GMT
  • Commodities

Brent Crude Price Prediction: Are These Production Cuts Enough?

After a very volatile session on Thursday due to the OPEC+ meeting, Brent crude oil price turned green on Friday.…

Dec 01, 2023, 12:56 GMT
  • Commodities

Brent Crude Oil Price Prediction As Bulls Target $83.40

Brent crude oil price rose to its fresh weekly high of $81.26 on Tuesday. The positive price action comes just…

Nov 28, 2023, 16:05 GMT
  • Commodities

Brent Crude Price Prediction Amid Delayed OPEC+ Meeting

The volatility remained high in the global oil prices amid the Thanksgiving holiday in the US. Brent crude oil price…

Nov 23, 2023, 20:20 GMT
  • Commodities

Brent Crude Price Surges Before OPEC+ Meeting

The global oil prices have taken a sharp turn after the reports of deeper production cuts from the OPEC+ countries. Consequently, Brent crude oil price extended its gains today after a 4.02% gain on Friday. At press time, the British benchmark of crude oil was up 2%. This move also marks a downside retest of the 200 MA which is also evident from the following chart.  If Brent crude oil price breaks above this key moving average, the recovery rally may catch fire. This week's OPEC+ meeting which is scheduled for Sunday, 26 November, may act as a catalyst in this regard. However, it is also very likely that the markets overreact and the black gold will become overvalued…

Nov 20, 2023, 14:28 GMT
  • Cryptocurrencies

Brent Crude Oil Price Remains Weak As US Stockpile Increases

Brent crude oil slid by 6.8% this week as investors anticipated the Israel-Hamas conflict to come to an end. At…

Oct 26, 2023, 20:10 BST
  • Commodities

Brent Crude Oil Price Prediction: Can War Push Oil Prices Above $100?

Brent crude oil price saw a rebound due to the escalating tensions in the Middle East. After an attack on…

Oct 19, 2023, 00:14 BST
  • Commodities

Brent Crude Oil Price Rebounds From Weekly Lows, $90 Soon?

Brent crude oil price shows gains after closing Wednesday in the red as the market anticipates a fall in demand…

Oct 12, 2023, 16:20 BST
  • Commodities

Brent Crude Oil Price Rebounds, But There’s A Catch

Brent crude oil price opened higher on Monday after closing last week at $84.43. The price surged to $89 before…

Oct 09, 2023, 13:22 BST