Crude Oil Prices Stuck in Monthly Range Despite Waning US Inventories
The price of oil may continue to track the monthly range amid the string of failed attempts to test the August-high ($57.99).
Crude Oil Prices Eye Monthly-High as US Delays China Tariffs
The price of oil extends the rebound from the monthly-low ($50.52) as the US delays the next tranche of China tariffs to December 15.
Crude Oil Price Outlook Mired by Death Cross Formation
Crude oil prices stand at risk of giving back the advance from the June-low ($50.60) as a ‘death-cross’ formation takes shape.
Crude Oil Prices May Fall as Feds Powell Cools Rate Cut Bets
Crude oil prices may fall further after hitting a four-month low as Fed Chair Powell talks down imminent rate cut speculation, souring investors mood market-wide.
Crude Oil Prices May Fall Further on Trade Wars, Oversupply Fears
Crude oil prices may continue to fall after hitting a three-month low as trade war escalation weighs on the outlook for demand even as US inventories swell.
Oil Forecast Clouded by Overbought Signal, Jump in Crude Inventories
Current market conditions may keep crude oil prices afloat as the Relative Strength Index (RSI) sits in overbought territory for the first time in 2019.
Oil RSI Flirts with Overbought Territory as OPEC+ Plans to Meet in May
Recent price action raises the risk for a further advance in crude oil as the Relative Strength Index (RSI) continues to flirt with overbought territory.
Crude Oil Price Recovery May Be Running Out of Steam
Crude oil prices may turn lower if technical signs of ebbing upside momentum find follow-through. API inventory flow data is on tap ahead.