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Oil Risks Range-Bound Prices As Bullish Series Snaps
Article By: DailyFX
Thursday, February 14, 2019 2:49 PM EST
Oil pulls back from a fresh weekly-high ($54.68) even as producers in Russia plan to cut production, and the failed attempt to test the monthly-high ($55.75) may generate range-bound conditions
In this article: OILB, UCO, USO
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OPEC Is Trying Its Best
Article By: Orbex
Thursday, February 14, 2019 1:37 PM EST
With OPEC currently battling to turn the tide of lower oil prices through a cut in production, the latest industry data from the US will not make happy reading.
In this article: UCO, USO
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WTI Holds Gains Despite Bigger Than Expected Crude Build
Article By: Tyler Durden
Wednesday, February 13, 2019 11:28 AM EST
WTI has extended gains, pushing back above $54, following last night's surprise crude draw reported by API and Saudi Arabia pledged to deepen production cuts.
In this article: OILB, UCO
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WTI Extends Gains After Surprise Crude Inventory Draw
Article By: Tyler Durden
Tuesday, February 12, 2019 6:00 PM EST
Oil prices rebounded from a two-week low Tuesday as Saudi Arabia pledged to deepen production cuts and U.S. President Donald Trump said he could extend a deadline for new tariffs on China.
In this article: OILB, UCO
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Oil Prices Initiate Bullish Series Even As OPEC Warns Of Waning Demand
Article By: DailyFX
Tuesday, February 12, 2019 11:50 AM EST
The current environment may raise the risk for higher oil prices as an inverse head-and-shoulders formation appears to be taking shape, with the Relative Strength Index (RSI) highlighting a similar dynamic.
In this article: OILB, UCO
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The Oil War Is Only Just Getting Started
Jason Stewart • 2/6/2017 9:22:34 PM

#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

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