Tag: oil price
Crude Oil Price Faces Bearish Pressure After Testing Key Resistance: Forecast for December 10, 2024
Jennifer -
Crude oil prices tested the key resistance level at $68.64, but failed to break through, resulting in a bearish bounce. This supports expectations for...
Brent Oil Price Posts Intraday Gains, Faces Potential Bearish Pressure: Forecast for December 10, 2024
Jennifer -
Brent oil prices continued their upward movement yesterday, surpassing the $72.06 level and reaching the $73.00 barrier. However, the 50-period Exponential Moving Average (EMA50)...
Crude Oil Price Forecast: Bearish Trend Continues
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Crude oil prices have been hovering around the $68.64 mark since the morning of December 5, 2024, as the market awaits a breakout to...
Brent Oil Price Forecast – November 7, 2024
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Brent oil prices are showing a bearish bias as they test the $75.36 level, which is a critical point for the continuation of the...
Crude Oil Price Faces Strong Resistance – Forecast for November 6, 2024
Jennifer -
Crude oil prices are currently fluctuating around the 72.15$ level, where strong resistance is being encountered. The market is waiting for a positive catalyst...
8 OPEC+ Members Extend Voluntary Oil Output Cuts by One Month
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VIENNA: Eight member countries of the OPEC+ oil-producing group announced on Sunday that they will extend their voluntary output cuts by one month, continuing...
What Causes High Oil Prices?
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Oil prices play a significant role in shaping the global economy. As a key resource for industries, transportation, and energy, fluctuations in oil prices...
Why Is Canadian Oil So Cheap?
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Understanding the dynamics of oil pricing is essential for grasping the complexities of the global energy market. Canadian oil, particularly from Alberta’s oil sands,...
Stocks Waver on US Election Risks, Yen Advances: Markets Wrap
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Global equities are facing a cautious tone as investors grapple with growing concerns around the U.S. presidential election and China’s economic outlook. Following a...
Brent Oil Price Forecast Update: October 24, 2024
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Brent crude oil prices are demonstrating a bullish trend as they move closer to the anticipated target of $76.84. Analysts suggest that a breach...
What is the Oil Symbol in Trading?
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In the world of financial markets, commodities trading plays a critical role in shaping economies and investment strategies worldwide. Among these commodities, crude oil...
How Do You Add Crude Oil to MT4?
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MetaTrader 4 (MT4) is one of the most popular trading platforms used by retail traders globally. While it is known primarily for Forex trading,...