Tag Archives: Oil
Focus on WTI OIL today – 27th SEP 2024
In this comprehensive analysis, Ultima Markets brings you an insightful breakdown of the WTI OIL for SEP 27, 2024. Key Takeaways Technical Analysis Daily Chart Insights (WTIUSD Daily Price Chart, Source: Ultima Markets MT4) H1 Chart Insights (WTIUSD H1 Price Chart, Source: Ultima Markets MT4) Pivot Indicator (WTIUSD M30 Price Chart, Source: Ultima Markets APP) Conclusion […]
Oil Prices Decline Sharply on Weak Demand Forecast
On Tuesday, the Organization of the Petroleum Exporting Countries (OPEC) announced in its monthly report that global oil demand is projected to rise by 2.03 million barrels per day (bpd) in 2024, a slight decrease from the previous month’s forecast of 2.11 million bpd. However, until last month, OPEC was still maintaining the same forecast […]
Focus on WTI OIL today – 6th SEP 2024
In this comprehensive analysis, Ultima Markets brings you an insightful breakdown of the WTI OIL for SEP 6, 2024. Key Takeaways Technical Analysis Daily Chart Insights (Crude Oil Daily Price Chart, Source: Ultima Markets MT4) H1 Chart Insights (Crude Oil H1 Price Chart, Source: Ultima Markets MT4) Pivot Indicator (Crude Oil M30 Price Chart, Source: […]
Oil Price Soar, Boosting Canadian Dollar
On Monday, oil price surged 2.92%, closed at $77.10 per barrel, marking its largest gain in two weeks. This surge was primarily driven by the Libyan government’s declaration of force majeure on all oil facilities in Benghazi, which threatens to significantly disrupt global oil supply. (US Oil Daily Price Chart) In addition, rising tensions in […]
Oil prices dip as Middle East ceasefire calms supply fears
On Tuesday, oil prices declined as Israel agreed to a proposal aimed at resolving disputes hindering a Gaza ceasefire, alleviating concerns over potential supply disruptions in the Middle East. WTI eased 2.2%, closed at 73.80 yesterday. U.S. Secretary of State Antony Blinken announced that Israeli Prime Minister Benjamin Netanyahu had accepted a “bridging proposal” from […]
Focus on WTI OIL Today – 3rd January 2024
Comprehensive WTI OIL Analysis for January 3, 2024 In this comprehensive analysis, Ultima Markets brings you an insightful breakdown of the WTI OIL for 3rd January 2024. WTI OIL Analysis Key Takeaways WTI OIL Technical Analysis WTI OIL Daily Chart Insights WTI OIL 1-hour Chart Analysis Trading Central Pivot Indicator Conclusion
Oil Markets Surge Amidst Geopolitical Uncertainty
Geopolitical Turmoil Fuels Oil Price Surge Amidst the volatile landscape of the global oil market, October 2023 stands out as a month of upheaval and uncertainty, with crude oil prices surging to a noteworthy $90 per barrel. This escalation can be attributed to escalating geopolitical tensions, notably the intensifying conflicts between Israel and Gaza, which […]
Focus on BRENT OIL Today – 18 October 2023
Comprehensive Brent Oil Analysis for October 18, 2023 In this comprehensive analysis, Ultima Markets brings you an insightful breakdown of the BRENT OIL for 18th October 2023. Key Takeaways Brent Oil Technical Analysis Brent Oil Daily Chart Insights Brent Oil 1-hour Chart Analysis Ultima Markets Pivot Indicator Conclusion Legal Documents Ultima Markets, a trading name […]
U.S. Oil Production Fully Recovered from The Pandemic
U.S. oil production hits record high The U.S. Department of Energy announced on Oct. 12 that U.S. crude oil production had hit an all-time high of 13.2 million barrels per day, entirely wiping out Covid-era losses of more than 3 million barrels per day. Meanwhile, the S&P 500 Energy Index tripled after three and a […]
Focus on Brent Oil Today – 3rd October 2023
Comprehensive Brent Oil Analysis for October 3, 2023 In this comprehensive analysis, Ultima Markets brings you an insightful breakdown of the Brent Oil (UKOUSD) for 3rd October 2023. Key Takeaways Key Point: The lifting of the U.S. government shutdown crisis, coupled with robust PMI data, has driven the U.S. dollar index to 107, a level […]
