Tags : WTI

Commodities

Oil still holding its rally

Oil and Inflation Market analyst – IFC Markets While the market is worry about the inflation, latest oil price raising has exacerbated these concerns. Calling that energy crisis or energy price crisis, the reason is higher inflation at the end, as usual, it is the consumer that has to pay the price!  Monday evening and in […]Read More

Commodities

WTI, Price, and Impact on global markets

Oil in 3 years high!  Market analyst – IFC Markets Let’s start with Goldman Sachs updated forecast for Oil Market. As the new forecasts show, Brent is to hit $90 per barrel by year-end, noting “the current global oil supply-demand deficit is larger than we expected, with the recovery in global demand from the Delta impact […]Read More

Commodities

Oil, Ida, Nicholas, and FED

Oil and the week ahead!  Market analyst – IFC Markets While still, about 25% of US Gulf crude is offline, we are getting closer to another Federal Reserve meeting and market participants are turning their focus to that. This focus and concern can help the US dollar to rise and put the stock markets under pressure, […]Read More

Commodities

OPEC is an optimist, Oil increasing! 

OPEC sees more demand in 2022  Market analyst – IFC Markets Yesterday, US crude oil prices continued their way up by a 1.3% gain at the closing time, to touch a weekly high at its daily high above $70.73. Today this rally continued its way after a bit of correction to touch yesterday high. With this […]Read More

Commodities

WTI before OPEC+ meeting

US hurricane has subsided, market balancing Market analyst – IFC Markets Yesterday, the US crude oil price was once under pressure after opening higher, following the downgrade of Hurricane Ida to Class 1, to touch a daily low at $67.62. Earlier, offshore oil platforms, oil and gas transportation pipelines, and oil refineries in the Gulf of Mexico […]Read More

Commodities

Oil up 8.2%, what next?

A disappointing week and an amazing rebound!  Market analyst – IFC Markets Last week oil market was surprisingly down as virus fears took all over the market. On the other hand, weaker than expected economic data had some signs of slowing the recovery pace.  At the beginning of the new week, when the Chinese announced 0 […]Read More

Commodities

OPEC+ Ignore the US calls

Oil fall and rebound Market analyst – IFC Markets Earlier today, with Chinese weaker than expected economic data, including Retail Sales and Industrial production, affected the market sentiment to discourage investors and market participants from the economic rebound.  After last week’s US producer inflation hike, these data, then a sharp drop in the US consumer sentiment […]Read More

Commodities

WTI at the end of the month

Can the rally continue in August as well? By: Ahura Chalki Market analyst – IFC Markets Economic recovery slowing down, can it cool the Oil market? This is an essential question for Oil traders. On the other hand, the Delta variant of Coronavirus also is another serious threatens in the market.  Currently, WTI is trading at […]Read More

Commodities

Inventory fall to stabilize the Oil Market

Summer demand pays-off By: Ahura Chalki Market analyst – IFC Markets Last night’s and today’s API and EIA reports confirmed another fall in US weekly Oil inventories. Before going forward, let’s check the detail of this report.  According to Energy Information Administration’s report, Crude Oil inventories decreased by 4.1Mb in the week ended July 23, more […]Read More

Commodities

WTI and week ahead!

What moves teh market? By: Ahura Chalki Market analyst – IFC Markets Oil is back under the trend line. The stock market is the leading risk for Oil bulls.  The decline started last week and increased differences between OPEC members when the UAE began to oppose OPEC’s production increase plan, which triggered market concerns about the […]Read More