Technically, oil bounced off our resistance line on the Daily charts.
Traders await updated OPEC forecasts and US storage data
Oil futures fell on Wednesday after lower-than-expected inflation data from China underscored concerns about crude demand as traders await a monthly report from the Organization of the Petroleum Exporting Countries and weekly U.S. storage data.
West Texas Intermediate crude oil for August delivery CL.1 CLQ24 fell 92 cents, or 1.1%, to $81.41 a barrel on the New York Mercantile Exchange. September Brent crude BRN00 BRNU24, the global benchmark, fell $1.09, or...
More Articles …
- Oil futures prices continue to rise amid Hurricane Beryl
- OPEC forecasts oil demand after changes in oil production policy
- Natural Gas Futures Continue to Rise and Rise to 5-Month High
- Gold soared to new record high with prices above $2,400 earlier in the week
- Oil futures fall amid economic and political factors
- Gold rises amid tensions in the Middle East and falling dollar
- Gold shines brightly and sets new records. Why did gold rise 16% in a month?
- Oil rises for second week amid geopolitical tensions
- Gold, Platinum and Palladium Fall on Fundamentals
- Gold, US dollar, Fed, FOMC, Treasury yield, real yield, GVZ index
- Oil prices fall, but supply cuts keep Light around $87 per barrel
- Bitcoin plummets to 26,000 after SpaceX announcement
- Gold shows the worst trend in 6 years, falling 8 days in a row
- Oil rally takes a breather before Fed and ECB rate hikes
- Oil fell after China's GDP fell short of forecasts
- Why OPEC+ supply cuts do not lead to higher oil prices? The end of the oil bull market?
- The largest commodity and futures markets in stock trading
- Gold consumption by country and impact on exchange and futures prices for gold
- Technical analysis of WTI oil futures with key levels
- Cryptocurrency futures under pressure and investor concerns persist
- European natural gas futures fell from a monthly high
- Fake oil move on fake news