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Crude Oil Price Under Negative Pressure – Forecast for Today (18-12-2024)
Crude oil prices have continued to experience downward pressure, with the price approaching the $69.00 barrier. The market is now eyeing further declines, potentially...
Crude Oil Price Forecast – December 16, 2024
Crude oil prices are displaying a slight bearish bias, approaching the key support level at $70.58. For the bullish trend to remain valid, the...
Brent Oil Prices Reach Target – Forecast for 12-12-2024
Brent oil prices surged higher yesterday, successfully reaching the anticipated target of $73.90. The price is now testing the potential to break through this...
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Crude Oil Prices Hit Target – Forecast for 12-12-2024
Crude oil prices successfully reached the anticipated target of $70.58 and are currently consolidating near this level....
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Brent Oil Price Struggles to Break Key Level – Forecast for 11-12-2024
Brent oil prices failed to break the $72.06 level, but have shown positive movement at today’s open,...
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Crude Oil Price Faces Bearish Pressure After Testing Key Resistance: Forecast for December 10, 2024
Crude oil prices tested the key resistance level at $68.64, but failed to break through, resulting in...
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What is Brent crude oil?
Brent crude oil is a kind of North Sea crude oil, from the North Atlantic Brent region named, is the intercontinental Exchange in London...
Crude oil prices up and down the influencing factors brief introduction
Oil futures, which trade trillions of dollars a year, rise and fall more sharply than gold or silver.For investors, understanding the factors that affect...
Types, uses and impacts of crude oil
Crude oil is a liquid fuel source located underground.It is extracted by drilling Wells.Crude oil is used in transportation, petroleum products and plastics. composition: Fifty to...
What is the difference between crude oil and petroleum?
Difference between crude oil and petroleum: Oil in a narrow sense refers to crude oil.In a broad sense, oil is a big concept; rude oil is...
The difference between WTI crude and Brent crude
Differences between WTI crude and Brent crude: 1.They come from different places WTI crude oil is produced in West Texas, USA;Brent crude oil is produced in...
What is Brent crude oil?
Brent crude oil is a kind of North Sea crude oil, from the North Atlantic Brent region named, is the intercontinental Exchange in London...
Us stocks and us bonds rebounded strongly after the Fed raised interest rates by a large margin
In June, the Federal Reserve's FOMC raised interest rates by 75 basis points, the largest increase in nearly three decades since 1994, to levels...
Oil companies respond to Biden’s “Threat” : Do these 10 things to lower gas prices
On Wednesday June 15th, as the Federal Reserve was busy raising interest rates, President Joe Biden was busy writing letters demanding that American oil...
WTI VS BRENT: WHAT ARE THE DIFFERENCES?
Two of the most commonly traded types of crude oil are WTI and Brent. It is worth understanding what the top differences between WTI and Brent...
The Oil Price Rally Shows No Sign Of Slowing
The U.S. national average for gasoline hit $5 per gallon last week, the highest ever. Brent crude is trading at $120 per barrel and...
Oil Climbs Back To Nearly $123
Bearish sentiments on oil demand coming from renewed COVID lockdowns in China that shaved $4 off oil prices early on Monday failed to maintain...
Crude oil likely to remain volatile ahead of US Fed meeting; $110-125 per barrel range eyed
Crude oil and gasoline prices have been a hot topic for almost everyone recently as the basket of crude oil that India buys has...