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Oil Prices Slide Amid Weak Demand Outlook and Geopolitical Uncertainty

Oil prices continued their downward trend, pressured by persistent concerns over weakening global demand and the absence of a resolution in key geopolitical and...

Brent Crude Oil Price Outlook

Brent crude oil has seen a decline in recent intraday trading, as it broke a prior bearish correctional trend. The shift follows the emergence...

Oil Prices Post Weekly Gains on Trade Deal Hopes and New Sanctions

Oil prices rose sharply on Thursday, posting a weekly gain as optimism surrounding a potential trade deal between the United States and the European...

Oil Markets Close for Good Friday, But Prices Rise Ahead of Holiday

Oil markets were closed on Good Friday, a holiday observed before Easter Sunday, but the benchmarks saw...

Brent Crude Oil Prices Show Positive Momentum – Market Analysis for April 14, 2025

Brent crude oil (BRENT) prices experienced a slight dip in recent intraday trading, as the market attempts...

Brent Crude Attempts Resistance Retest Amid Lingering Downward Pressure – Analysis for April 8, 2025

Brent crude oil prices advanced in the latest intraday session, seeking to recover from a recent steep...

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Crude Oil Price Completes Negative Pattern – Forecast for January 22, 2025

Crude oil price has confirmed a break below the $77.53 level, settling with a daily close beneath it. Upon analyzing the chart, it is...

Brent Oil Price Approaches Target – Forecast for January 22, 2025

Brent oil price continued its downward movement yesterday, nearing the target of $78.39, which corresponds to the 38.2% Fibonacci retracement level of the recent...

Oil Prices Rise on Supply Fears, Rate Cut Speculations

Oil prices climbed on Friday, heading for a fourth consecutive weekly gain, fueled by growing concerns over tighter supply following U.S. sanctions on Russian...

Oil Prices Rise on Positive Chinese Economic Data, Easing Middle East Tensions Limit Gains

Oil prices saw modest gains in early trading on Friday, supported by stronger-than-expected Chinese economic data, but geopolitical developments in the Middle East capped...

Oil Prices Set for Third Consecutive Weekly Gain Amid Rising Winter Fuel Demand

Oil prices rose in early Asian trade on Friday, poised for a third consecutive week of gains, driven by increasing fuel demand due to...

Crude Oil Price Surpasses Initial Target, Eyes Further Gains

Crude oil prices have successfully reached the first target of $72.15, marking a significant milestone in the ongoing bullish trend. As of today, the...

Crude Oil Price Breaches Key Resistance – Market Outlook for 30th December 2024

Crude oil prices have opened today with strong bullish momentum, successfully breaking above the key resistance level at $70.58. This breach suggests the activation...

Oil Prices Rise on China Stimulus Measures and US Stockpile Decline

Oil prices surged on Thursday, driven by expectations that China’s new stimulus measures could boost demand, alongside a report showing a continued decline in...

Oil Prices Edge Higher on China Stimulus and U.S. Stockpile Decline

Oil prices inched up on Thursday during thin holiday trading, supported by expectations of additional fiscal stimulus in China and a projected decline in...

Brent Oil Price Faces Temporary Pressure, Sideways Movement Expected – Forecast for Today – 24 December 2024

Brent oil prices experienced a decline yesterday, reaching the 72.06 support level, before rebounding to trade around the 73.00 mark. The price may test...

Crude Oil Price Rebounds, Cancels Negative Formation – Forecast for December 23, 2024

Crude oil prices have rebounded after approaching the $68.60 mark, effectively canceling the previously anticipated double top pattern. This upward movement now sets the...

Brent Oil Price – Sideways Movement Expected – Forecast for December 23, 2024

Brent oil prices have reached a near-term high, coming close to the previously targeted 72.06 USD level, before bouncing upwards towards the 73.90 USD...

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