Oil  Energy traders are bullish on oil prices again...

Oil higher while gas volatile amid Ukraine force...

Oil prices crushed overnight Oil prices fell heavily overnight...

Oil prices soar overnight Russian President Putin shocked the energy markets on Wednesday when he directed that payments for Russian natural gas by “unfriendly nations” must be paid for in roubles. The announcement and the full closure of the Caspian Pipeline Consortium’s (CPC) pipeline by Russia sent European natural gas prices 30% higher, and also aggressively […]

Oil prices soar overnight Oil markets are a mess of volatility at the moment, along with my oil data feeds, as Brent crude and WTI endured another day of very choppy trading in a very wide intraday range. Brent crude gave back all its intraday gains, even after API Crude Inventories fell, to finish 1.85% […]

The USD/CAD pair is still clinging to its lows of the past two months. The US dollar has failed to support high Treasury yields for several months. Geopolitical concerns and a weaker dollar are causing oil prices to soar. Powell at the Fed, risk catalysts awaiting fresh impetus. The USD/CAD price forecast remains strongly bearish … Continued

The post USD/CAD Forecast: Posts New 2022 Lows Amid Soaring WTI, Eying Fed appeared first on Forex Crunch.

Oil looks to recover from last week’s losing streak as the black gold looks to close in on $110. Hopeful peace talks between Russia and Ukraine halted, which saw a surge in prices once again. With OPEC so far not looking likely to increase output, will we see another push to recent highs before the […]

The post StockWatch: Oil Eyes $110 as Supply Fears Hit! appeared first on Orbex Forex Trading Blog.

International Energy Agency (IEA) chief Fatih Birol warned Friday, “emergency in oil markets may get worse. Additional takeaways Reducing oil demand d

Oil prices edge higher Crude prices have come down enough and seem poised to stabilize above the USD 100 a barrel level until energy traders have clarity over geopolitical developments in Ukraine and with Iran nuclear deal talks.  Not enough crude demand destruction has happened to warrant prices falling below the USD 90 level and […]

Oil continues its decline, dropping below $100, and it’s now more than 27% below recent highs. With Russia and Ukraine leaders reportedly discussing a possible ceasefire, the sell-off continued. There’s also a focus on the price of natural gas after lofty highs like to take a breather as we close in on the weekend. Timestamps: […]

The post StockWatch: Oil Drops Below $100, Is this the Calm Before the Storm? appeared first on Orbex Forex Trading Blog.

USDCAD managed to maintain modest intraday gains around 1.2700. With the US dollar weakening and crude oil prices rising, the USD/CAD gains look limited. The Fed’s dovish outlook will limit the US dollar’s decline and urge traders to be cautious. The USD/CAD forecast remains bearish as the US dollar weakened after Fed’s rate hike. Meanwhile, … Continued

The post USD/CAD Forecast: Bearish Below 1.27 amid Rising WTI, Weak USD appeared first on Forex Crunch.

Covid, Ukraine weigh on oil The unwind of the oil trade is an easy one as a few reasons sent prices lower: China’s Covid surge has worsened as more lockdowns occur, expectations of a long Russia-Ukraine war has decreased as Eastern European leaders show unequivocal support for Ukraine’s independence, countries like India have bought Russian […]