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Crude Falls Back As Trump Holds Off On Iran Strike
Crude Falls Back As Trump Holds Off On Iran Strike

US/Iran Tensions CoolFollowing a five-day run higher, crude priced have come under selling pressure today with the futures market reversing sharply on news that Iran is backing down in the face of US...

Crude Rallies on Bullish EIA Inventories Update
Crude Rallies on Bullish EIA Inventories Update

US/Venezuela NewsCrude prices remain on watch as we move through the back of the week with the futures market attempting to stabilise following a sharp sell off yesterday. We’ve seen volatility this...

Crude Rallies on Venezuela Blockade News
Crude Rallies on Venezuela Blockade News

Crude Rebounding MidweekCrude prices are rebounding sharply higher today after yesterday falling to their lowest level since 2021. Crude futures briefly pierced below prior YTD lows before buying...

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Crude Testing Major Support Level

Crude Selling DeepensCrude prices remain under heavy selling pressure on Tuesday with the futures market now within touching distance of the YTD lows. Crude futures have fallen almost 8% from the...

Crude Weighed On By Russia-Ukraine Peace Prospects
Crude Weighed On By Russia-Ukraine Peace Prospects

 Russia-Ukraine Peace TalksCrude prices remain under pressure at the start of the week with the futures market firmly in red through early European trading on Monday. Renewed focus on Russia-Ukraine...

Crude Rallies on Russia Supply Risks
Crude Rallies on Russia Supply Risks

Ukraine Hits Russian PortCrude prices have risen sharply today as traders respond to developments within the Russia-Ukraine war. News of a major drone attack on a key Russian oil port overnight shows...

Crude Plunges on Demand Fears
Crude Plunges on Demand Fears

Crude Heavily LowerCrude prices are on course to end the week lower after a heavy downside reversal yesterday as traders reacted to a fresh US inventories build and a shift n forecast from OPEC+.  The...

Crude Rallies Despite EIA Oversupply Concerns
Crude Rallies Despite EIA Oversupply Concerns

Crude Recovery ContinuesCrude prices continue to push higher mid-week as the recovery rally grinds on. The recent decision from OPEC+ to hike output next month by 137k barrels per day, in line with...

Crude Suffering Weekly Loss on OPEC/ US Shutdown Woes
Crude Suffering Weekly Loss on OPEC/ US Shutdown Woes

Crude Ending Week LowerOil prices are attempting to stabilise today following a fresh drop lower yesterday as the US Dollar rebounded in response to some better-than-forecast data. Despite the...