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Crude Oil Commentary - Thursday, May 9
Article By:
James Harte
Thursday, May 9, 2024 7:25 AM EDT
Oil prices are turning higher into the back end of the week with crude futures bouncing off support at 77.64.
In this article: OIL
Asia Open: US Inflation Data In The Market Purview
Article By:
Stephen Innes
Wednesday, May 8, 2024 9:50 PM EDT
Asian markets are poised for a lacklustre start on Thursday, influenced by a mix of factors including, a strengthening dollar, and a gradual rise in U.S. bond yields, which collectively diminish investors' appetite for riskier assets.
The Commodities Feed: USDA Pushes Up Wheat Supply Estimates
$BNO $WEAT $OIL I wonder If anyone thinks oil demand is going to continue rising? Price will be forced up soon enough. Good go long, make it expensive for oil companies to sell oil and to raise prices. Clamp down on Fossil fuels at the source. WTI Crude to $100.
Deal Or No Deal – Pound Holds Bid
I have the currencies next $OIL...
Why the End of the Longest Oil Bull Market Since 2008?
Very insightful look at $OILB, thanks.
Crashing Through The Glass Ceiling
Don't #OPEC agreements usually endup falling apart when member countries start to cheat? How long do you think the #oil production cuts will last? $OIL
The Oil War Is Only Just Getting Started
#OPEC can very well try to appear unfazed but their influence on the global #oil market has been on a decline for quite some time. What we are seeing now is a perfect example of their waning influence. They've gone through considerable lengths with the current production deals in order to prop up the oil price. The end result is a stabilization around $50 - $60. The rebound in US oil rigs ensures that the oil price will never reach its previous highs. $OIL $UCO $USO
Gasoline Inventories Increase, But We Continue To See Signs That The Oil Supply Glut Is Ending
Nicely done. This is why I'm bullish $OIL heading higher into 2016!