Crude Oil Is Exploding? Don’t Even Think About Shorting Energy Stocks
Brent Crude Oil $BRN and Light Crude Oil $CL futures are back in control! A new weekly demand level of around $65.50 and $62 has taken over Brent and Light Crude, which is bad news for your gas bill but great news if you’re trading energy stocks. Chevron, BP, Shell, Phillips 66 – all of...
Fueling Optimism: Expectations for Higher Crude Oil and Brent Oil Prices in 2024
Are you ready for a thrilling ride into the future of oil prices? In this Crude Oil $CL and Brent Oil $BRN futures technical analysis, I’ll be delving deep into crude oil and Brent oil prices, exploring the supply and demand predictions for the oil market in 2024. Get ready to fuel your optimism as...
Brent Crude Oil Price during Ukrainian and Russian war
Brent Oil jumped to $140 a barrel at one point, the highest level for over a decade, while wholesale gas prices for next-day delivery more than doubled. However, if we look at the monthly timeframe Brent analysis below, you will see a strong monthly imbalance has been reached. Will oil prices start to drop with...
Brent Crude Oil downtrend scenario
Brent Crude Oil is trending down. As major economies go into lockdown, oil demand continues to fall off a cliff. A few days ago, the U.S. did very little against coronavirus propagation. In just a few days, there has been a proliferation of school cancellations, mass gathering prohibitions and mandatory telework orders, following suit with...
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