Tag Archives: Oil
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 […]
Supply Chain Tensions Causes Crude Prices To Hover Higher
How Supply Chain Tensions Impact Crude Oil Prices in October 2023 The American Petroleum Institute’s weekly statistical report shows that U.S. crude oil inventories increased by 1.586 million barrels in the week ending September 22, 2023, after a decrease of 5.25 million barrels in the previous week. WTI crude futures rebounded to $90.7 a barrel, […]
9.13 Commodity Daily Brent Oil
Focus on Brent Oil today. Fundamentally, with OPEC and EIA predicting that production cuts will tighten the market in the coming months, Brent crude oil has finally returned to above $90. The International Energy Agency will also release its monthly report today, which is expected to provide more clues to market conditions. The market focuses […]
