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Oil Price Outlook: Crude Spills Into Support – WTI Trade Levels
Article By: DailyFX
Wednesday, August 7, 2019 2:32 PM EST
Crude Oil Prices have plummeted more than 15% off the June highs with WTI now probing a key support zone near the June close lows.
In this article: OILBB, UCO, OILB
WTI Holds Losses Despite 8th Weekly Crude Draw In A Row
Article By: Tyler Durden
Tuesday, August 6, 2019 4:48 PM EST
An ugly day in the energy complex saw WTI tumble to a $53 handle as US-China trade tensions were anything but calmed (despite the equity market's exuberance).
In this article: OILBB, UCO, OILB
Crude Oil Outlook: Oil Prices Bounce From Fresh Low, Finds Resistance
Article By: DailyFX
Monday, August 5, 2019 4:36 PM EST
While June and the first-half July saw a semblance of support develop after a brutal month of May, the past few weeks, particularly the period after the FOMC rate cut, have seen a return of bears as prices have pushed down to a fresh seven-week-low.
In this article: OILBB, UCO, OILB
These Commodities Are On The Move
Video By: TheoTrade
Friday, July 19, 2019 4:07 PM EST
With the Fed inching closer to lowering rates later in July, main commodities such as Oil and Gold along with Treasuries and stocks are on the move.
In this video: GLD, UCO, SPX Also: MSFT, IEF
Oil Price Chart: Crude Crushed Down To Support – WTI Trade Levels
Article By: DailyFX
Friday, July 19, 2019 12:10 PM EST
Crude Oil Prices are poised to mark a sixth consecutive daily decline today if price closes at these levels with the sell-off now targeting the first major support zone just lower.
In this article: UCO, OILB


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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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