Latest Posts
About This Stock
More About This Stock
Read
Watch
Crude Oil Recedes Post-Fed, WTI Tumbles Below $80
Article By:
Joshua Gibson
Wednesday, May 1, 2024 7:50 PM EDT
West Texas Intermediate (WTI) US Crude Oil fell below $80.00 per barrel on Wednesday as US Crude Oil supply continues to overwhelm demand, and the US Federal Reserve (Fed) remains hobbled on the path forward toward rate cuts.
Elliott Wave Analysis For Bitcoin, TLT Bonds, US 10 Yr. Yields, USD/ DXY, Gold, Silver, Copper, Uranium, Crude Oil, Natural Gas
Video By:
Peter Mathers
Wednesday, May 1, 2024 2:50 AM EDT
Dollar and Yields are higher and gold, silver, bitcoin, ETH/USD, copper, oil, and gas are lower. We can expect this weakness to continue over the next trading sessions.
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!