US West Texas Intermediate (WTI) crude oil prices fluctuate in a narrow range during the Asian session on Friday, unable to build on the day before’s rebound from a two-week
Fundamental Analysis: The Federal Reserve’s decision on interest rates will likely have an effect on oil prices, and the oil market is waiting for it. Weekly EIA data and quarterly
Oil prices ascended by 3% on Wednesday, recovering from their multi-month lows, following data that indicated a larger-than-anticipated draw in U.S. crude stockpiles, despite ongoing concerns about weak crude demand
Commerzbank’s analyst Carsten Fritsch reports that the Joint Ministerial Monitoring Committee (JMMC) of OPEC+ has chosen not to alter its production strategy during yesterday’s virtual meeting. This decision was anticipated
Oil prices experienced significant fluctuations this week. Initially, prices dropped due to concerns over demand, causing Brent to hit a seven-week low of $78.5 per barrel on Tuesday. These losses