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Crude Oil Price Drops For 7th Straight Week On Emerging Market Fears
Article By: DailyFX
Friday, August 17, 2018 5:33 PM EDT
The 13% drop in crude oil has yet to cause panic and instead is seen as a bit of air coming out as opposed to a complete breakdown.
In this article: UCO, USO
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Crude Oil Outlook Now Bearish As US Growth Peaks
Article By: MarketsNow
Thursday, August 16, 2018 1:22 PM EDT
Beyond changes in trading patterns, fundamentals are now weighing against the commodity as supply growth continues unabated while demand growth is more likely to slow.
In this article: OILB, UCO
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Crude Oil Price Analysis: Sell-Off Approaching Key Support Targets
Article By: DailyFX
Wednesday, August 15, 2018 12:19 PM EDT
Crude oil prices have plummeted nearly 14% off the July highs with the decline now approaching broader up-trend support.
In this article: OILB, UCO
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Crude Oil Price Drops For Sixth Straight Week, Most In 3 Years
Article By: DailyFX
Friday, August 10, 2018 1:58 PM EDT
The pressure in the physical oil market continues to lessen as the price of the front-month oil contract has fallen for the sixth week when looking to week-over-week changes in price.
In this article: USO, UCO
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WTI Holds Below $68 After Surprise Crude Inventory Build
Article By: Tyler Durden
Wednesday, August 1, 2018 11:30 AM EDT
US crude production dipped on the week.
In this article: OILB, UCO, USO
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The Oil War Is Only Just Getting Started
Jason Stewart 2/6/2017 9:22:34 PM

#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

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