REASONS TO TRADE OIL LONG( SHORT TO MID-Term)
Political Turmoil Could Plague Libya’s Oil Exports All Year Long
Bashaga: It’s unlikely that Libya will descend into a full-blown civil war again.
Without a unified government, Libya's oil exports will remain unstable in the short-to-midterm.
As of the middle of last week, Libya was producing only about...
Natural gas and steel prices are closely intertwined.
Sky-high energy costs fueled by Europe’s push to reduce its dependence on Russian gas are beginning to weigh on the steel industry.
Steelmakers rely on natural gas for ironmaking in blast furnaces as well as for steelmaking in electric arc furnaces.
Steel prices and gas are the primary topics of conversation...
Several E.U. member states made it plain that they will veto any E.U. proposal to ban Russian oil (or gas) imports.
Removal of oil ban ‘fear factor’ may significantly reduce risk premium in crude oil prices.
Lack of clear leadership from Germany makes an effective oil embargo a long shot.
A key factor in the upper band of the benchmark crude oil trading ranges...
After easing up on Iranian oil somewhat in favor of heavily discounted Russian crude, China is now set to receive nearly two million barrels of Iranian oil, Reuters reports, citing Vortexa Analytics tanker tracking data.
The cargo, set to unload in south China later this week for pumping into the government’s reserves, is the third large cargo to come from Iran...
Last week's news headline, "OPEC sticks to production plan as high oil prices boost economy".
We could almost say oil is a necessity in our daily lives. For transport, for heating in cold countries.
Although we face high inflation, and a possible recession, would we expect oil to hit a point of demand destruction?
At this point, I doubt so. So there is a real...
The West Texas Intermediate Crude Oil market has rallied a bit on Wednesday to break above the top of the candlestick from Tuesday. If you remember, the Tuesday candlestick was what I referred to as a potential “binary trade”, meaning that if we can break above it, the market could go higher. After all, the neutral candlestick suggests that we are in the midst of...
Oil Could Rise to $120-150 Range in Next Few Months
Oil price forecast April 2022 and beyond: Will prices test $140?
Oil prices eased slightly on Friday, robust US data and weekend risk supporting prices, while US SPR releases as well as yet to be determined ones from other IEA members capped gains. A UN-brokered two-month ceasefire between Saudi Arabia and...
Buyers in the West are shunning Russian oil, sparking fears of a potential supply shortage.
Some experts are warning that pulling Russian oil off the market could result in a global economic downturn.
"Every recession in the past 50 years has been preceded by an oil price spike, and it is déjà vu all over again.”
The more Russian oil supply comes off the market...
Oil prices will remain higher than $100 per barrel in the coming months, reflecting the geopolitical risk from Russia’s war in Ukraine and the tight energy markets with the current and potential future sanctions against Russia, the Energy Information Administration (EIA) said on Wednesday.
Brent Crude prices are expected to average $105.22 per barrel this year,...
Bulls would be taking profit today from last week's BUY order.
Drawing a fib on the daily chart, we are seeing a definite area for price to reverse, however, we are still in a Bullish trend on Oil.
We may see an opportunity for a short-term SELL for Bears to enter right around 59.73 .
Once Bears take their exit for that short-term order, we can definitely expect...
Hi there. Price is forming a reversal pattern to change its direction.
Wait for the price to complete the pattern and watch strong price action for sell.
Since August Brent has been in a downward trend, inside a channel.
Both RSI and the channel itself show strong signs of reversal. This trade is quite a risky one since we will be trading against the trend. After the resistance has been hit, be wary of a strong reversal in continuation of the downward trend. A stop-loss around $36 will minimize losses in case of...
