Weekly Oil Views: OPEC+ Attempts Resurrection Against Massive Odds
A month after the shocking collapse of OPEC+ and the declaration of a price war by heavyweights Saudi Arabia and Russia, the producers’ alliance is...
409 Views
WTI Fade Trade and Fresh Long Level
WTI is vulnerable to a fade sequence after a sharp rise of near 40%. WTI shows resistance at 28 and support at dual lows at 20. Bigger congestive...
342 Views
Historic 25% Crude Spike on Hopes of Deep OPEC+ Cuts: Hold Your Horses!
Crude futures were slipping early Friday in Asia after a record single-day spike in percentage terms, to settle 21-25% higher on the day. While...
403 Views
Weekly Oil Views: A World Under Lockdown Confines Crude to the Low-$20s
At least 20 million barrels per day or 20% of global oil consumption has now disappeared and the worst of demand destruction could still lie ahead...
349 Views
Weekly Oil Views: US Eyes Intervention as Crude Hits 17-Year Lows: What Next?
Benchmark Brent and WTI crude prices hit 17- to 18-year lows on March 18 at $24.88 and $20.37/barrel. The following day, WTI staged an...
441 Views