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WTI Drops Below $74.00 As OPEC+ Plans To Ease Oil Production Cuts
Article By:
Akhtar Faruqui
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Monday, June 3, 2024 11:00 PM EDT
West Texas Intermediate (WTI) Oil price continues to decline for the fifth consecutive day, trading around $73.90 per barrel during the Asian session on Tuesday.
Crude Oil Downtrend Resumes After Breaking Key Support
Article By:
ForexCycle
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Monday, June 3, 2024 10:00 PM EDT
The WTI crude oil futures contract has broken below the key 76.01 support level, plunging as low as 73.65 in recent trading sessions. This technical breakdown suggests that the broader downtrend from the 87.07 high on April 5th has resumed.
Elliott Wave Technical Analysis: Exxon Mobil Inc.
Article By:
Peter Mathers
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Monday, June 3, 2024 9:40 AM EDT
Looking for upside in wave {v} as we seem to have completed a three wave move in wave {iv}.
In this article: XOM
Brent Crude Oil Rebounds To 81.05 USD Amid OPEC+ Agreements
Article By:
Andrey Goilov
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Monday, June 3, 2024 8:00 AM EDT
Brent crude oil prices have rebounded to $81.05 per barrel this Monday, stabilizing after recent selling pressure.
Exxon’s Darren Woods Gets A Biden-Era Dividend
Article By:
Lipper Alpha Insight
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Monday, June 3, 2024 7:44 AM EDT
Darren Woods has had a surprisingly good four years. On Wednesday, Exxon Mobil’s chief executive scored a victory at the oil driller’s annual meeting, and clinched re-election.
In this article: XOM
OPEC+ Meeting Shows Persistent Demand Weakness
Article By:
Daniel Lacalle
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Monday, June 3, 2024 5:30 AM EDT
The latest OPEC meeting conclusions show that the global economy is not as strong as headlines suggest and that industries all over the world are struggling to recover.
In this article: OIL
OPEC+ Extends Cuts
Article By:
ING Economics
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Monday, June 3, 2024 3:18 AM EDT
OPEC+ members extended their additional voluntary supply cuts as expected and the group also laid out plans to gradually ease these cuts from the fourth quarter. Action taken by members should leave the oil market in deficit for the remainder of 2024
Commodities In 2024: Big Moves, Greater Opportunities
Article By:
Jeremy Mullin
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Sunday, June 2, 2024 11:10 PM EDT
A commodity's supply/demand aspect kicks in when the supply side is taken out. The best commodity performer of the year is up nearly 100%, mostly because of a failed crop due to weather.
In this article: AU, CORN, NEE, SCCO, SOYB, TRGP, VLO, WEAT, TSCO, DBC, UGA, UNG, USO, XLE, XLU, CEG
Signs Of A Slowdown Are Becoming Increasingly Hard To Ignore
Article By:
Stephen Innes
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Sunday, June 2, 2024 10:16 PM EDT
Early signals of a downturn hint at potential challenges ahead. It’s not all smooth sailing—there are signs that the famously resilient US consumers are finally feeling the pinch.
WTI Crude Oil Forecast: Push Higher Falters And Mid-Term Lows Sighted
Article By:
Robert Petrucci
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Sunday, June 2, 2024 10:00 AM EDT
WTI Crude Oil saw the 80.000 USD level penetrated upwards on Wednesday of last week, only to falter and then begin a rather steady push lower.
Hype, Or The Future Of Hybrids?
Article By:
Angry Bear
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Saturday, June 1, 2024 9:33 PM EDT
A car that can get ca. 80 mpg is a quantum leap in automotive travel.
In this article: KARS
Natural Gas: In Uptrend
Article By:
Dimitris Kontoulis
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Saturday, June 1, 2024 11:25 AM EDT
Natural gas on the Nymex had a negative week before closing 6.8% lower than the previous one, at $2.58. EIA reported on Thursday a build of 84 Bcf in working underground stocks.
OPEC+ Working On Complex Production Cut Deal For 2024-2025
Article By:
Quad 7 Capital
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Friday, May 31, 2024 11:10 PM EDT
Oil futures fell again on Thursday as a bullish draw in U.S. crude stocks was offset by surprise builds in gasoline and diesel inventories, adding to concerns about fuel demand as the summer driving season gets underway.
Comparing Saudi Aramco’s $1.9T Valuation To Its Rivals
Article By:
Jeff Desjardins
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Friday, May 31, 2024 1:04 PM EDT
As of May 2024, there are just six trillion-dollar companies in the world, and only one of them is an oil company.