Betting on inverse head and shoulders on Ethereum

Still checking on AUDUSD

Copper contrarian buying opportunity?

Trendline breakout buy on gold

GBPJPY in a bullish trend

Dear GBPJPY, show us some love

Descending trendline retest

AUDUSD buys from 0.6410

EURUSD still bearish

Lets short gold from a premium level

SHORT ON GBPCAD AS CAD GAINS STRENGTH

EURUSD is still still bearish

EURUSD sells from 1.0690

Hard bound DJ30

Nasdaq to retest at 15420

Long time no see USDCAD

BTC nearing for a short sell

Waiting to short Bitcoin again

Lets buy Chainlink from support?

Finally some push on Ripple

Chainlink to the moon!

Nasdaq another attempt on shorts

We are shorting gold till 1880

Another stack on EURUSD

GBPJPY bullish on higher time frames

What a bullish trap on BITCOIN

EURUSD buys from 1.0690

GBPUSD bearish trend

EURUSD is bearish

Still bearish on GOLD

Gold in a range bound market to continue moving down

Another short on Ethereum

Ripple forming double bottom at 0.4900

Ripple to be bullish from support

EURUSD buys

GBPJPY buys from the support level at 184.25

EUR/USD looks vulnerable therefore short on EURUSD

Betting shorts on gold

Another attempt on gold shorts from 1945

DJ30 another buy

Hard luck on stops on GBPJPY sells

Buying dJ30 on trendline breakout buy

Barrel Into the Green?

Double bottom buys on EURUSD

Full throttle bullish on EURUSD

LONG ON AUD

Gold played out well on shorts

WTI to regain its strength above the weekly orderblock

EURUSD still waiting for buys

The Double Bottom can trigger a bullish breakout

DJ30 buys from support at 36860

Vision Pro is go long for

Gold shorts from 1935

GBPJPY breakout and sell

GBPJPY shorts from retest at 185

NASDAQ 200 points bull move

Ethereum continuing suit of Bitcoin

Wickfill on the Ethereum

Gold shorts from 1923

Lets short bitcoin from 26600

Keep stacking fellows!

EURUSD continuation of sells

DJ30 still sells

Still looking at shorts on gold

Another buy on EURUSD

DJ 30 still shorts

Another stack on nasdaq after taking profit

EURUSD bearish after tapping the resistance

GBPJPY buys from 185.30

GBPJPY buys from 185.40

EURUSD has broken out from support

EURUSD sell stacks from 1.0905

Waiting for GBPUSD to breakout from 1.2800

Another stack on gold short

NASDAQ buys from 14600

Apple to be bullish from now

Chainlink buys from 5.71

Ethereum can probably liquidate the daily OB

Chainlink at the support

ETH/USD bearish until touchdown at DEMA200

Chainlink buys from 5.90

LNK/USD will be stepping out of correction soon for more hikes

Retest and buy on ETHEREUM

Bitcoin buys from 27500

Another buy attempt on Chainlink

Ethereum to test $2,000 level

Stacks on Bitcoin shorts

Ethereum another buy position

DJ30 sells from 35370

Stacks on Gold

Stacks on Tesla

Long position on BTC for a 2.8% gain

AUDUSD at support with double bottom

Another chance on XRP buys?

Ripple continuation upwards

Ripple buys from 0.6300

GOLD seemingly buys from daily support

GBPJPY shorts from 183.90

AUDUSD remains weak below DEMA200

Brent crude futures rose toward $94 per barrel on Friday, hovering close to ten-month highs amid concerns that a Russian ban on fuel exports could tighten global oil supply further. The Russian government announced Thursday it will temporarily restrict exports of gasoline and diesel to stabilize fuel prices in the domestic market. The ban comes after exports of diesel from the country have fallen by nearly a third in the first two weeks of September. Official data also showed that US crude inventories fell by 2.135 million barrels last week, and stocks at Cushing were at their lowest since July 2022. Still, the international oil benchmark is on track to end the week little changed after facing pressure from the prospect of further US Federal Reserve interest rate hikes that could dampen economic growth and energy demand.

Brent Edges Higher on Supply Concerns

WTI crude futures rose above $90 per barrel on Friday, hovering close to ten-month highs amid concerns that a Russian ban on fuel exports could tighten global oil supply further. The Russian government announced Thursday it will temporarily restrict exports of gasoline and diesel to stabilize fuel prices in the domestic market. The ban comes after exports of diesel from the country have fallen by nearly a third in the first two weeks of September. Official data also showed that US crude inventories fell by 2.135 million barrels last week, and stocks at Cushing were at their lowest since July 2022. Still, the US oil benchmark is on track to end the week little changed after facing pressure from the prospect of further US Federal Reserve interest rate hikes that could dampen economic growth and energy demand.

Oil Edges Higher on Supply Concerns

Brent crude futures reversed early losses to trade around the $94 per barrel mark on Thursday, after Russia announced a ban on fuel exports, raising further concerns about tight supplies. The Russian government announced it will temporary restrict exports of gasoline and diesel to stabilize fuel prices on the domestic market. The ban comes after exports of diesel from the country have fallen by nearly a third in the first two weeks of September. Early in the session, oil prices were falling in response to a hawkish Fed and concerns that higher interest rates could potentially dampen demand. Meanwhile, official data showed that US crude inventories fell by 2.135 million barrels last week, and stocks at Cushing were at their lowest since July 2022

Brent Crude Back to $94

WTI crude futures reversed early losses to trade around the $90.7 per barrel mark on Thursday, after Russia announced a ban on fuel exports, raising further concerns about tight supplies. The Russian government announced it will temporary restrict exports of gasoline and diesel to stabilize fuel prices on the domestic market. The ban comes after exports of diesel from the country have fallen by nearly a third in the first two weeks of September. Early in the session, oil prices were falling in response to a hawkish Fed and concerns that higher interest rates could potentially dampen demand. Meanwhile, official data showed that US crude inventories fell by 2.135 million barrels last week, and stocks at Cushing were at their lowest since July 2022.

Oil Rebounds After Russia Ban

Brent crude futures fell toward $93 per barrel on Thursday, sliding for the third straight session as the US Federal Reserve delivered a hawkish pause. The US central bank left interest rates unchanged as widely expected, but signaled another rate hike before the end of the year, raising concerns about global economic growth and energy demand. Other central banks are also set to announce monetary policy decisions on Thursday, headlined by an expected rate hike from the Bank of England. Meanwhile, official data showed that US crude inventories fell by 2.135 million barrels last week, broadly in line with expectations. Still, oil prices remain close to multi-month highs amid forecasts for a wider market deficit in the fourth quarter due to extended supply cuts from Saudi Arabia and Russia, as well as declining US oil output from top shale-producing regions.

Brent Slides for Third Session

WTI crude futures fell toward $89 per barrel on Thursday, sliding for the third straight session as the US Federal Reserve delivered a hawkish pause. The US central bank left interest rates unchanged as widely expected, but signaled another rate hike before the end of the year, raising concerns about global economic growth and energy demand. Other central banks are also set to announce monetary policy decisions on Thursday, headlined by an expected rate hike from the Bank of England. Meanwhile, official data showed that US crude inventories fell by 2.135 million barrels last week, broadly in line with expectations. Still, oil prices remain close to multi-month highs amid forecasts for a wider market deficit in the fourth quarter due to extended supply cuts from Saudi Arabia and Russia, as well as declining US oil output from top shale-producing regions.

Oil Slides for Third Session

Brent crude futures fell below $94 per barrel on Wednesday, sliding for the second straight session as caution dominated sentiment ahead of the US Federal Reserve’s interest rate decision. Still, the international oil benchmark remained close to over ten-month highs after the EIA report showed that US crude inventories fell by 2.135 million barrels last week, broadly in line with market expectations of a 2.2 million draw. On Tuesday, the API report pointed for a bigger 5.25 million barrels decline. The US Energy Information Administration also said on Monday that US oil output from top shale-producing regions is on track to decline for the third straight month to 9.393 million barrels per day in October, the lowest since May. Moreover, Russia’s government is reportedly considering imposing export duties on all types of oil products of $250 per metric ton from Oct. 1 until June 2024 to counter fuel shortages, according to Reuters.

Brent Eases on Market Caution

WTI crude futures fell to $90 per barrel on Wednesday, sliding for the second straight session as caution dominated sentiment ahead of the US Federal Reserve’s interest rate decision. Still, the US oil benchmark remained close to over ten-month highs after the EIA report showed that US crude inventories fell by 2.135 million barrels last week, broadly in line with market expectations of a 2.2 million draw. On Tuesday, the API report pointed for a bigger 5.25 million barrels decline. The US Energy Information Administration also said on Monday that US oil output from top shale-producing regions is on track to decline for the third straight month to 9.393 million barrels per day in October, the lowest since May. Moreover, Russia’s government is reportedly considering imposing export duties on all types of oil products at $250 per metric ton from Oct. 1 until June 2024 to counter fuel shortages, according to Reuters.

Oil Eases on Market Caution

Brent crude futures fell toward $94 per barrel on Wednesday, sliding for the second straight session as caution dominated sentiment ahead of the US Federal Reserve’s interest rate decision. Still, the international oil benchmark remained close to over ten-month highs as industry data showed that US crude inventories fell by 5.25 million barrels last week, marking the fifth consecutive decline and exceeding forecasts for a 2.667 million barrel draw. The US Energy Information Administration also said on Monday that US oil output from top shale-producing regions is on track to decline for the third straight month to 9.393 million barrels per day in October, the lowest since May. Moreover, Russia’s government is reportedly considering imposing export duties on all types of oil products of $250 per metric ton from Oct. 1 until June 2024 to counter fuel shortages, according to Reuters.

WTI crude futures fell toward $90 per barrel on Wednesday, sliding for the second straight session as caution dominated sentiment ahead of the US Federal Reserve’s interest rate decision. Still, the US oil benchmark remained close to over ten-month highs as industry data showed that US crude inventories fell by 5.25 million barrels last week, marking the fifth consecutive decline and exceeding forecasts for a 2.667 million barrel draw. The US Energy Information Administration also said on Monday that US oil output from top shale-producing regions is on track to decline for the third straight month to 9.393 million barrels per day in October, the lowest since May. Moreover, Russia’s government is reportedly considering imposing export duties on all types of oil products of $250 per metric ton from Oct. 1 until June 2024 to counter fuel shortages, according to Reuters.

WTI crude futures rose for a fourth straight session to above $92.6 per barrel on Tuesday, their highest level in over a year amid expectations of a widening market deficit in the fourth quarter due to dwindling supply. The US Energy Information Administration said on Monday that US oil output from top shale-producing regions is on track to decline for the third straight month to 9.393 million barrels per day in October, the lowest since May. Meanwhile, Saudi Arabia’s Energy Minister Prince Abdulaziz bin Salman defended OPEC+ moves to curtail oil supply on Monday, saying markets were being guided to limit volatility and warning about global economic and demand uncertainties. Earlier this month, Saudi Arabia and Russia announced that they would extend a combined 1.3 million bpd of supply cuts to the end of the year.

WTI Crude Hits 12-Month Low

Crude Oil increased to a 12-month high of 92.62 USD/Bbl

Crude Oil Hits 12-month High

Brent crude futures rose toward $95 per barrel on Tuesday, hovering at the highest levels in over ten months amid expectations of a widening market deficit in the fourth quarter due to dwindling supply. The US Energy Information Administration said on Monday that US oil output from top shale-producing regions is on track to decline for the third straight month to 9.393 million barrels per day in October, the lowest since May. Meanwhile, Saudi Arabia’s Energy Minister Prince Abdulaziz bin Salman defended OPEC+ moves to curtail oil supply on Monday,  saying markets were being guided to limit volatility and warning about global economic and demand uncertainties. Earlier this month, Saudi Arabia and Russia announced that they would extend a combined 1.3 million bpd of supply cuts to the end of the year.

Brent Continues Rise on Supply Concerns

WTI crude futures rose above $91 per barrel on Tuesday, hovering at the highest levels in over ten months amid expectations of a widening market deficit in the fourth quarter due to dwindling supply. The US Energy Information Administration said on Monday that US oil output from top shale-producing regions is on track to decline for the third straight month to 9.393 barrels per day in October, the lowest since May. Meanwhile, Saudi Arabia’s Energy Minister Prince Abdulaziz bin Salman defended OPEC+ moves to curtail oil supply on Monday,  saying markets were being guided to limit volatility and warning about global economic and demand uncertainties. Earlier this month, Saudi Arabia and Russia announced that they would extend a combined 1.3 million bpd of supply cuts to the end of the year.

Oil Continues Rise on Supply Concerns

Brent increased to a 44-week high of 94.65 USD/Bbl

Brent Hits 44-week High

Brent crude futures rose above $94 per barrel on Monday, hovering at the highest levels in over ten months amid expectations of a widening market deficit in the fourth quarter due to extended supply cuts by Saudi Arabia and Russia, as well as hopes of a demand recovery in China. OPEC, the US Energy Information Administration and the International Energy Agency all predicted larger market deficits in the next quarter as major producers kept global supplies tight, with global oil demand growth also expected to rise in the same period. Fresh stimulus measures from Beijing and increased output from Chinese refiners driven by strong export margins also supported the demand outlook in the world’s top crude importer. Meanwhile, investors remain cautious ahead of the US Federal Reserve’s policy decision this week, where it is expected to hold interest rates steady but is likely to stay hawkish.

Brent Climbs Higher on Bullish Outlook

WTI crude futures rose above $91 per barrel on Monday, hovering at the highest levels in over ten months amid expectations of a widening market deficit in the fourth quarter due to extended supply cuts by Saudi Arabia and Russia, as well as hopes of a demand recovery in China. OPEC, the US Energy Information Administration and the International Energy Agency all predicted larger market deficits in the next quarter as major producers kept global supplies tight, with global oil demand growth also expected to rise in the same period. Fresh stimulus measures from Beijing and increased output from Chinese refiners driven by strong export margins also supported the demand outlook in the world’s top crude importer. Meanwhile, investors remain cautious ahead of the US Federal Reserve’s policy decision this week, where it is expected to hold interest rates steady but is likely to stay hawkish.

Oil Climbs Higher on Bullish Outlook

Crude Oil increased to a 44-week high of 91.1 USD/Bbl

Crude Oil Hits 44-week High

Brent crude futures rose above $94 per barrel on Friday, scaling fresh ten-month highs amid an improving global demand outlook and tightening supplies. The international oil benchmark is also up about 4% this week and is on track to advance for the third consecutive week. On Thursday, China’s central bank cut cash reserve requirements for all banks to boost the country’s economic recovery, lifting the demand outlook in the world’s top crude importer. Growing expectations that major central banks are nearing the end of their tightening cycles also aided sentiment further. On the supply side, OPEC, the US government and the International Energy Agency all predicted a market deficit in the fourth quarter due to extended supply cuts by Saudi Arabia and Russia.

Brent Heads for Third Straight Weekly Gain

WTI crude futures strengthened above $90 per barrel on Friday, scaling fresh ten-month highs amid an improving global demand outlook and tightening supplies. The US oil benchmark is also up nearly 4% this week and is on track to advance for the third consecutive week. On Thursday, China’s central bank cut cash reserve requirements for all banks to boost the country’s economic recovery, lifting the demand outlook in the world’s top crude importer. Growing expectations that major central banks are nearing the end of their tightening cycles also aided sentiment further. On the supply side, OPEC, the US government and the International Energy Agency all predicted a market deficit in the fourth quarter due to extended supply cuts by Saudi Arabia and Russia.

Oil Heads for Third Straight Weekly Gain

WTI crude futures hit $90 per barrel on Thursday, the highest since November last year, driven by expectations of a tightening global oil market. The International Energy Agency reported ongoing supply cuts by major producers like Saudi Arabia and Russia, leading to a significant market deficit in the fourth quarter. OPEC also predicted a substantial 3.3 million barrel per day deficit, while the US Energy Information Administration had a more conservative estimate of a 230,000-barrel deficit. However, US crude inventories unexpectedly rose by 4 million barrels last week, defying expectations of a 1.9 million-barrel decline. Meanwhile, the ECB likely conducted its final interest rate hike, while strong economic data in the US pointed towards prolonged high-interest rates.

WTI Crude Hits $90

Brent crude futures rose above $92 per barrel on Thursday, hovering near the strongest levels in ten months amid expectations that the global oil market will tighten further in the coming months. The International Energy Agency said on Wednesday that extended supply cuts by Saudi Arabia and Russia will mean a substantial market deficit through the fourth quarter, while maintaining its demand growth estimates for 2023 and 2024. The report came a day after OPEC said it projects a large deficit of 3.3 million barrels per day in the fourth quarter, while the US EIA forecasts a smaller deficit of 230,000 barrels in the same period. Meanwhile, official data showed that US crude inventories rose by 4 million barrels last week, defying expectations for a 1.9 million barrel drop.

Brent Hovers Near 10-Month Highs on Supply Tightness

WTI crude futures rose toward $89 per barrel on Thursday, hovering near the strongest levels in ten months amid expectations that the global oil market will tighten further in the coming months. The International Energy Agency said on Wednesday that extended supply cuts by Saudi Arabia and Russia will mean a substantial market deficit through the fourth quarter, while maintaining its demand growth estimates for 2023 and 2024. The report came a day after OPEC said it projects a large deficit of 3.3 million barrels per day in the fourth quarter, while the US EIA forecasts a smaller deficit of 230,000 barrels in the same period. Meanwhile, official data showed that US crude inventories rose by 4 million barrels last week, defying expectations for a 1.9 million barrel drop.

Oil Hovers Near 10-Month Highs on Supply Tightness

Brent crude futures dipped below $92 per barrel on Wednesday, after touching a 10-month high earlier in the day, as a surprise build in U.S. crude inventories offset expectations of tight crude supply for the rest of the year. The latest EIA data showed that the US crude inventories rose by 4 million barrels, compared to expectations of a 1.9 million-barrel drop. Meanwhile, concerns persist as production cuts by major oil producers would continue to tighten the market in the coming months. OPEC projected that global oil demand would increase by 2.25 million barrels per day in 2024 and anticipated a substantial deficit of 3.3 million barrels per day in the fourth quarter of this year. The US Energy Information Administration (EIA) also expected a smaller deficit of 230K barrels in the next quarter, while the IEA stated that oil output cuts by Saudi Arabia and Russia through the end of the year would result in a significant deficit through the fourth quarter of 2023.

Brent Crude Edges Below $92pb

WTI crude futures dipped below $89 per barrel on Wednesday, after touching a 10-month high earlier in the day, as a surprise build in U.S. crude inventories offset expectations of tight crude supply for the rest of the year. The latest EIA data showed that the US crude inventories rose by 4 million barrels, compared to expectations of a 1.9 million-barrel drop. Meanwhile, concerns persist as production cuts by major oil producers would continue to tighten the market in the coming months. OPEC projected that global oil demand would increase by 2.25 million barrels per day in 2024 and anticipated a substantial deficit of 3.3 million barrels per day in the fourth quarter of this year. The US Energy Information Administration (EIA) also expected a smaller deficit of 230K barrels in the next quarter, while the IEA stated that oil output cuts by Saudi Arabia and Russia through the end of the year would result in a significant deficit through the fourth quarter of 2023.

Oil Prices Ease from 10-Month

Brent crude futures rose to $92.5 per barrel on Wednesday, the highest in ten months driven by expectations that production cuts by major oil producers would continue to tighten the market in the coming months, as indicated by the latest market outlook reports. OPEC projected that global oil demand would increase by 2.25 million barrels per day in 2024 and anticipated a substantial deficit of 3.3 million barrels per day in the fourth quarter of this year. The US Energy Information Administration (EIA) also expected a smaller deficit of 230,000 barrels in the next quarter, while the International Energy Agency (IEA) stated that oil output cuts by Saudi Arabia and Russia through the end of the year would result in a significant deficit through the fourth quarter of 2023. Meanwhile, a federal report showed that US crude inventories unexpectedly rose by 3.954 million barrels last week, with increases also seen in gasoline and distillate stockpiles, in line with the API report on Tuesday.

Brent Crude Hits $92.5

WTI crude futures rose above $89 per barrel on Wednesday, the highest in ten months driven by expectations that production cuts by major oil producers would continue to tighten the market in the coming months, as indicated by the latest market outlook reports. OPEC projected that global oil demand would increase by 2.25 million barrels per day in 2024 and anticipated a substantial deficit of 3.3 million barrels per day in the fourth quarter of this year. The US Energy Information Administration (EIA) also expected a smaller deficit of 230,000 barrels in the next quarter, while the International Energy Agency (IEA) stated that oil output cuts by Saudi Arabia and Russia through the end of the year would result in a significant deficit through the fourth quarter of 2023. Meanwhile, a federal report showed that US crude inventories unexpectedly rose by 3.954 million barrels last week, with increases also seen in gasoline and distillate stockpiles, in line with the API report on Tuesday.

Oil Prices Rise to 10-Month High on Supply Tightness

Brent crude futures rose to $92.5 per barrel on Wednesday, the highest in ten months driven by expectations that production cuts by major oil producers would continue to tighten the market in the coming months, as indicated by the latest market outlook reports. OPEC projected that global oil demand would increase by 2.25 million barrels per day in 2024 and anticipated a substantial deficit of 3.3 million barrels per day in the fourth quarter of this year. The U.S. Energy Information Administration (EIA) also expected a smaller deficit of 230,000 barrels in the next quarter, while the International Energy Agency (IEA) stated that oil output cuts by Saudi Arabia and Russia through the end of the year would result in a significant deficit through the fourth quarter of 2023. Meanwhile, an industry report showed that US crude inventories rose by 1.17 million barrels last week, with increases also seen in gasoline and distillate stockpiles.

Brent crude futures held around $92 per barrel on Wednesday, hovering near ten-month highs amid expectations that output cuts by major producers will tighten the market in the coming months, according to the latest market outlook reports. OPEC said global oil demand is expected to increase by 2.25 million barrels per day in 2024 and predicted a shortfall of 3.3 million bpd in the fourth quarter of this year. The US EIA also said it expects a more modest 230,00-barrel deficit in the next quarter. The International Energy Agency will publish its monthly report later on Wednesday. Meanwhile, an industry report showed that US crude inventories rose by 1.17 million barrels last week, with increases also seen in gasoline and distillate stockpiles.

Brent Holds Gains on Supply Concerns

WTI crude futures held around $89 per barrel on Wednesday, hovering near ten-month highs amid expectations that output cuts by major producers will tighten the market in the coming months, according to the latest market outlook reports. OPEC said global oil demand is expected to increase by 2.25 million barrels per day in 2024 and predicted a shortfall of 3.3 million bpd in the fourth quarter of this year. The US EIA also said it expects a more modest 230,00-barrel deficit in the next quarter. The International Energy Agency will publish its monthly report later on Wednesday. Meanwhile, an industry report showed that US crude inventories rose by 1.17 million barrels last week, with increases also seen in gasoline and distillate stockpiles.

Oil Holds Gains on Supply Concerns

Brent crude futures rose to $91.5 per barrel on Tuesday, marking a new high not seen since November 2022 driven by OPEC's continued projection of strong oil demand growth. According to the Organization of the Petroleum Exporting Countries, global oil demand is expected to increase by 2.25 million barrels per day (bpd) in 2024, slightly lower than the 2.44 million bpd growth projected for 2023. OPEC+ initiated supply limits in 2022 to stabilize the oil market and recently, Saudi Arabia and Russia decided to extend their voluntary production cuts until the end of the year. However, new data showed that OPEC oil production increased in August, primarily due to Iran's production recovery, despite the ongoing US sanctions on Tehran and Saudi Arabia's voluntary cuts. Additionally, the weakening of the US dollar ahead of key US inflation data contributed to increased risk sentiment and made dollar-denominated commodities more appealing to international buyers.

Brent Crude Futures Rise to 10-Month High

WTI crude futures rose more than 1% to $88.5 per barrel on Tuesday, marking a new high not seen since November 2022 driven by OPEC's continued projection of strong oil demand growth. According to the Organization of the Petroleum Exporting Countries, global oil demand is expected to increase by 2.25 million barrels per day (bpd) in 2024, slightly lower than the 2.44 million bpd growth projected for 2023. OPEC+ initiated supply limits in 2022 to stabilize the oil market and recently, Saudi Arabia and Russia decided to extend their voluntary production cuts until the end of the year. However, new data showed that OPEC oil production increased in August, primarily due to Iran's production recovery, despite the ongoing US sanctions on Tehran and Saudi Arabia's voluntary cuts. Additionally, the weakening of the US dollar ahead of key US inflation data contributed to increased risk sentiment and made dollar-denominated commodities more appealing to international buyers.

WTI Crude Futures Rise to 10-Month High

Brent crude futures steadied above $90 per barrel on Tuesday, holding near ten-month highs as investors cautiously awaited key monthly outlook reports for fresh insights into the oil market. Both OPEC and the US EIA will release their monthly market reports later on Tuesday. Traders also look ahead to a slew of macroeconomic data later in the week that could signal whether the US and Europe will continue raising interest rates. Meanwhile, oil prices remain supported by extended supply cuts from OPEC+ majors Saudi Arabia and Russia, as well as an improving economic outlook in the world’s two biggest oil consumers, US and China. A pullback in the dollar ahead of key US inflation data also boosted risk sentiment and made dollar-priced commodities more attractive for international buyers.

Brent Steadies Ahead of Market Outlook Reports

WTI crude futures steadied above $87 per barrel on Tuesday, holding near ten-month highs as investors cautiously awaited key monthly outlook reports for fresh insights into the oil market. Both OPEC and the US EIA will release their monthly market reports later on Tuesday. Traders also look ahead to a slew of macroeconomic data later in the week that could signal whether the US and Europe will continue raising interest rates. Meanwhile, oil prices remain supported by extended supply cuts from OPEC+ majors Saudi Arabia and Russia, as well as an improving economic outlook in the world’s two biggest oil consumers, US and China. A pullback in the dollar ahead of key US inflation data also boosted risk sentiment and made dollar-priced commodities more attractive for international buyers.

Oil Steadies Ahead of Market Outlook Reports

Brent crude futures steadied near $91 per barrel on Monday, remaining close to their highest levels since November last year as tightening global oil supplies helped offset concerns about demand. Last week, Saudi Arabia and Russia jointly announced their decision to extend voluntary supply cuts totaling 1.3 million barrels per day until the end of the year. However, concerns regarding sluggish economic growth in China continued to grip commodity markets, as the world’s largest crude importer has yet to convince markets of an economic turnaround. Furthermore, market participants adopted a cautious approach ahead of key inflation data from the United States that could influence the monetary policy decisions of the Federal Reserve.

Brent Crude Futures Hold Near $91

WTI crude futures held above $87.5 per barrel on Monday, remaining near their highest levels since November last year as tightening global oil supplies helped offset concerns about demand. Last week, Saudi Arabia and Russia jointly announced their decision to extend voluntary supply cuts totaling 1.3 million barrels per day until the end of the year. However, concerns regarding sluggish economic growth in China continued to grip commodity markets, as the world’s largest crude importer has yet to convince markets of an economic turnaround. Furthermore, market participants adopted a cautious approach ahead of key inflation data from the United States that could influence the monetary policy decisions of the Federal Reserve.

Oil Prices Stabilized

Brent crude futures fell toward $90 per barrel on Monday on a likely technical correction, while traders continued to assess various demand and supply factors. Concerns about sluggish growth in China continued to grip commodity markets, as the world’s largest crude importer has yet to convince markets of an economic turnaround. Stronger-than-expected US economic data also raised fears of further interest rate hikes from the Federal Reserve, pushing the dollar higher while pressuring commodities. Meanwhile, oil prices remain close to their highest levels since November last year amid tightening global supplies. Earlier this month, Saudi Arabia and Russia announced that they would extend voluntary supply cuts of a combined 1.3 million barrels per day until the end of the year.

Brent Eases as Traders Mull Outlook

WTI crude futures fell below $87 per barrel on Monday on a likely technical correction, while traders continued to assess various demand and supply factors. Concerns about sluggish growth in China continued to grip commodity markets, as the world’s largest crude importer has yet to convince markets of an economic turnaround. Stronger-than-expected US economic data also raised fears of further interest rate hikes from the Federal Reserve, pushing the dollar higher while pressuring commodities. Meanwhile, oil prices remain close to their highest levels since November last year amid tightening global supplies. Earlier this month, Saudi Arabia and Russia announced that they would extend voluntary supply cuts of a combined 1.3 million barrels per day until the end of the year.

Oil Eases as Traders Mull Outlook

Brent crude futures rebounded to trade higher around $90.7 a barrel on Friday, booking a near 2.5% gain for the week. Oil prices have been rising to levels not seen since November due to expectations of tight supplies. Saudi Arabia announced it would extend its voluntary output cut of 1 million barrels per day through the end of December. Russia also extended its voluntary reduction in oil exports by 300,000 bpd until the end of the year. Moreover, EIA data showed that US crude inventories declined by 6.3 million barrels last week, way higher than market expectations for a 2.1 million barrel draw. However, concerns persist on the demand side, due to China’s flagging economy, and renewed fears that further interest rate hikes from the Fed could exert downward pressure on energy consumption.

Brent Crude Above $90.5

WTI crude futures rebounded to trade higher around $87.4 a barrel on Friday, booking a near 2% gain for the week. Oil prices have been rising to levels not seen since November due to expectations of tight supplies. Saudi Arabia announced it would extend its voluntary output cut of 1 million barrels per day through the end of December. Russia also extended its voluntary reduction in oil exports by 300,000 bpd until the end of the year. Moreover, EIA data showed that US crude inventories declined by 6.3 million barrels last week, way higher than market expectations for a 2.1 million barrel draw. However, concerns persist on the demand side, due to China’s flagging economy, and renewed fears that further interest rate hikes from the Fed could exert downward pressure on energy consumption.

Oil Prices Add 2% on the Week

Brent crude futures eased for a second straight session below $90 per barrel on Friday, but were still set to finish the week higher as extended supply cuts from OPEC+ leaders tightened the outlook. Saudi Arabia recently announced that it would extend its voluntary output cut of 1 million barrels per day through the end of December. Russia also extended its voluntary reduction in oil exports by 300,000 bpd until the end of the year. Moreover, official data showed that US crude inventories declined by 6.3 million barrels last week, way higher than market expectations for a 2.1 million barrel draw. Meanwhile, oil prices came under pressure since Thursday amid persistent concerns about China’s flagging economy and renewed fears of further interest rate hikes from the US Federal Reserve.

Brent Heads for Weekly Gain

WTI crude futures eased for a second straight session below $87 per barrel on Friday, but were still set to finish the week higher as extended supply cuts from OPEC+ leaders tightened the outlook. Saudi Arabia recently announced that it would extend its voluntary output cut of 1 million barrels per day through the end of December. Russia also extended its voluntary reduction in oil exports by 300,000 bpd until the end of the year. Moreover, official data showed that US crude inventories declined by 6.3 million barrels last week, way higher than market expectations for a 2.1 million barrel draw. Meanwhile, oil prices came under pressure since Thursday amid persistent concerns about China’s flagging economy and renewed fears of further interest rate hikes from the US Federal Reserve.

Oil Heads for Weekly Gain

Brent crude futures paused a a recent surge to stabilise around $90.5 per barrel on Thursday, holding at high levels not seen since November, after Saudi Arabia and Russia announced an extension in oil supply cuts until the end of the year. Meanwhile, economic data coming out of China including PMIs continue to point to a weak recovery although imports of crude surged year-on-year. At the same time, crude stocks in the US fell way more than expected by 6.307 million barrels last week, compared to forecasts of a 2.064 million decline.

Brent Crude Steady Around $90

WTI crude futures paused a nine-day surge to stabilise around $87 per barrel on Thursday, holding at high levels not seen since November. That was the longest winning streak since January 2019, after Saudi Arabia and Russia announced an extension in oil supply cuts until the end of the year. Meanwhile, economic data coming out of China including PMIs continue to point to a weak recovery but a better note came from a 30.9% annual surge in crude imports. At the same time, crude stocks in the US fell way more than expected by 6.307 million barrels last week, compared to forecasts of a 2.064 million decline.

Oil Prices Stabilize after 9-Day Rally

Brent crude futures fell to around $90 per barrel on Thursday, breaking a string of gains on a likely technical correction, as well as fears that energy demand could weaken amid slowing global economic growth. Data showed that China’s trade surplus narrowed in August as exports declined on softer external demand, while imports also suffered losses amid weak domestic consumption. Still, the international oil benchmark remains close to the highest levels since November last year as OPEC+ leaders Saudi Arabia and Russia extended supply cuts to the end of the year. API data also showed that US crude stockpiles fell by about 5.5 million barrels last week, marking the fourth straight weekly decline and exceeding forecasts for a 1.429 million barrel draw.

Brent Falls as Demand Fears Resurface

WTI crude futures fell to around $87 per barrel on Thursday, breaking nine days of gains on a likely technical correction, as well as fears that energy demand could weaken amid slowing global economic growth. Data showed that China’s trade surplus narrowed in August as exports declined on softer external demand, while imports also suffered losses amid weak domestic consumption. Still, the US oil benchmark remains close to the highest levels since November last year as OPEC+ leaders Saudi Arabia and Russia extended supply cuts to the end of the year. API data also showed that US crude stockpiles fell by about 5.5 million barrels last week, marking the fourth straight weekly decline and exceeding forecasts for a 1.429 million barrel draw.

Oil Falls as Demand Fears Resurface

Brent crude futures rose toward $91 per barrel on Thursday, hovering near the highest levels in over ten months, underpinned by extended supply cuts from OPEC+ leaders and an industry report pointing to another draw in US crude inventories. API data showed that US crude stockpiles fell by about 5.5 million barrels last week, marking the fourth straight weekly decline and exceeding forecasts for a 1.429 million barrel draw. Meanwhile, Saudi Arabia announced that it will extend its voluntary output cut of 1 million barrels per day for another three months until the end of December to stabilize and balance oil markets. Russia also extended its voluntary reduction in oil exports by 300,000 bpd until the end of the year. Both countries said they will review the decisions monthly to consider deepening cuts or raising production depending on market conditions.

Brent Climbs Higher on Supply Concerns

WTI crude futures rose toward $88 per barrel on Thursday, hovering near the highest levels in over ten months, underpinned by extended supply cuts from OPEC+ leaders and an industry report pointing to another draw in US crude inventories. API data showed that US crude stockpiles fell by about 5.5 million barrels last week, marking the fourth straight weekly decline and exceeding forecasts for a 1.429 million barrel draw. Meanwhile, Saudi Arabia announced that it will extend its voluntary output cut of 1 million barrels per day for another three months until the end of December to stabilize and balance oil markets. Russia also extended its voluntary reduction in oil exports by 300,000 bpd until the end of the year. Both countries said they will review the decisions monthly to consider deepening cuts or raising production depending on market conditions.

Oil Climbs Higher on Supply Concerns

Brent crude futures held above $90 per barrel on Wednesday after hitting over ten-month highs in the previous session as OPEC+ majors Saudi Arabia and Russia extended their voluntary supply cuts through the rest of the year. Saudi Arabia announced that it will extend its voluntary output cut of 1 million barrels per day for another three months until the end of December to stabilize and balance oil markets. Russia also extended its voluntary reduction in oil exports by 300,000 bpd until the end of the year. Both countries said they will review the decisions monthly to consider deepening cuts or raising production depending on market conditions. Meanwhile, global economic uncertainties continued to weigh on the demand outlook amid soft manufacturing and services data in major economies.

Brent Holds Gains on Extended Supply Cuts

WTI crude futures held near $87 per barrel on Wednesday after hitting over ten-month highs in the previous session after OPEC+ majors Saudi Arabia and Russia extended their voluntary supply cuts through the rest of the year. Saudi Arabia announced that it will extend its voluntary output cut of 1 million barrels per day for another three months until the end of December to stabilize and balance oil markets. Russia also extended its voluntary reduction in oil exports by 300,000 bpd until the end of the year. Both countries said they will review the decisions monthly to consider deepening cuts or raising production depending on market conditions. Meanwhile, global economic uncertainties continued to weigh on the demand outlook amid soft manufacturing and services data in major economies.

Oil Holds Gains on Extended Supply Cuts

Brent crude futures went up more than 1% to surpass $90 a barrel on Tuesday, a fresh high since November 2022, after Saudi Arabia announced it will extend the voluntary cut of one million barrels of oil per day for another three months until the end of December, to support stability and balance of oil markets. Saudi Arabia added that the cut decision which has gone into implementation in July and was extended to include August and September, will be reviewed monthly to consider deepening the cut or increasing production. At the same time, Russia also extended its voluntary reduction in oil exports by 300,000 bpd until the end of the year. On the demand side, concerns about the health of the Chinese economy continue after services PMI at the world’s largest crude importer disappointed.

Brent Crude Above $90

WTI crude futures surged more than 1.5% to above $87 a barrel on Tuesday, a fresh high since November 2022, after Saudi Arabia announced it will extend the voluntary cut of one million barrels of oil per day for another three months until the end of December, to support stability and balance of oil markets. Saudi Arabia added that the cut decision which has gone into implementation in July and was extended to include August and September,  will be reviewed monthly to consider deepening the cut or increasing production. At the same time, Russia also extended its voluntary reduction in oil exports by 300,000 bpd until the end of the year. On the demand side, concerns about the health of the Chinese economy continue after services PMI at the world’s largest crude importer disappointed.

Oil Prices Rise after Saudi Arabia and Russia Curbs

Brent crude strengthened above $88 per barrel on Monday, hovering at the highest levels since January, underpinned by expectations that OPEC+ leaders would extend measures to keep oil supplies tight. Russian Deputy Prime Minister Alexander Novak said on Thursday that Russia agreed with its OPEC partners on the parameters for continued export cuts. Saudi Arabia is also expected to extend its voluntary 1 million barrels per day output cut into October. On the demand side, a surprise expansion in Chinese manufacturing activity as reported by a private survey raised optimism about the economic health of the world’s largest oil importer. Signs that the US economy may be cooling also spurred bets that the Federal Reserve is done hiking rates, lifting overall market sentiment.

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