Latest News for: Trading crude

Edit

Is June a good month for buying Crude Oil?

Invezz 19 Jun 2021
The price of crude oil continues to trade above the $70 support level even though the Baker-Hughes weekly rig count rose ... The first resistance level stands around $73, and if the price jumps above this level, it would be a signal to trade crude oil, and we have the open way to $75.
Edit

Maryland Gas Prices Steady As Demand Increases, Stocks Grow, AAA Says

CBS Sports 19 Jun 2021
Crude Oil ... Domestic crude prices could rise, which could affect gas prices this month, said Ragina C. Ali, an AAA Mid-Atlantic spokeswoman. At the close of NYMEX trading Friday, West Texas Intermediate (WTI) crude oil settled at $71.64 per barrel, 73 cents higher than last Friday’s close.
Edit

Rupee turns volatile on Fed taper plan, rising oil prices

The Times of India 19 Jun 2021
The one-month Volatility Index surged 68 basis points to 5.66% in just two trading sessions ending Friday, show Bloomberg data compiled by ETIG. Rising crude oil prices added to the downward momentum for the rupee ... At the same time, rising crude prices too raised concerns.”.
Edit

Expo to boost trade ties between China, Arab countries

China Daily 19 Jun 2021
Thanks to their complementary trade structure, China has become the largest trading partner of Arab countries, and they are China's largest crude oil suppliers in overseas markets, data from the Ministry of Commerce showed. Bilateral trade value amounted to $239.8 billion last ...
Edit

Investors: Prepare for a Volatile Summer.

Barrons 19 Jun 2021
The or VIX, has been mostly stuck in the teens, consistent with somnambulant stock trading, for about three months ... Especially hard hit this past week were reflation plays, such as the exchange-traded fund (XME), which ended down 12% ... shale producers.” BCA sees Brent crude, which trades about $2 to $3 above the U.S.
Edit

Fitch revises Saudi National Bank's outlook on lender's resilience and improving environment

The National 19 Jun 2021
The credit rating agency also affirmed the lender’s long-term issuer default rating at "A-" ... Brent, the international benchmark for up to two thirds of the world’s oil, rose by 0.59 per cent to close at $73.51 on Friday, the end of trading week. West Texas Intermediate, the gauge for US crude, was up 0.84 per cent to close at $71.64 ... .
Edit

Crude Oil Price Forecast – Crude Oil Markets Continue to Build Base

FX Empire 18 Jun 2021
WTI Crude Oil. The West Texas Intermediate Crude Oil market pulled back just a bit during the trading session on Friday but continues to see plenty of support at the $70 level ... Crude Oil Video 21.06.21 ... The Brent market of course is looking at the reopening trade with the demand picking up just like other markets and grades of crude oil are.
Edit

Crude Oil Price Update – Close Under $69.92 Forms Potentially Bearish Weekly Closing Price Reversal Top

FX Empire 18 Jun 2021
West Texas Intermediate crude oil futures are edging lower early Friday as prices continue to be capped by a stronger U.S ... Crude is set to finish the week slightly lower after testing a multi-year high earlier in the week. At 05.19 GMT, September WTI crude oil is trading $69.43, down $0.60 or -0.86% ... Start Trading.
Edit

Crude oil futures decline amid weak spot demand

The Times of India 18 Jun 2021
Globally, West Texas Intermediate crude oil was trading 0.44 per cent lower at USD 70.73 per barrel. Meanwhile, Brent crude, ...
Edit

Oil Price Fundamental Daily Forecast – Traders Concerned Hawkish Fed May Curtail Demand Growth

FX Empire 18 Jun 2021
West Texas Intermediate and international-benchmark Brent crude oil futures are trading lower on Friday, putting them in a position to post a lower close for the week ... At 13.14 GMT, September WTI crude oil futures are trading $69.98, down $0.35 or -0.50% and September Brent crude oil futures are at $71.91, down $0.38 or -0.53% ... Start Trading.
Edit

Brent crude's premium to Dubai hits 21-month high, shuts arbitrage

Reuters 18 Jun 2021
It separates "global crude flows into smaller, macro-regional trading realms", JBC Energy analysts said in a note. Several popular grades in Asia, such as Oman, Russian ESPO and Sokol crude, traded at the highest premiums in 11 months against Dubai quotes while Qatar set its August term premium for al-Shaheen crude at a 17-month high.
Edit

Rand trades flat overnight

Independent online (SA) 18 Jun 2021
At the close of local trade, the rand quoted 0.80 percent weaker, at R14.06/$, after trading in range of R13.93/$ to R14.16/$. The rand traded flat overnight ... Brent crude oil ... At the close of local trade, benchmark Brent crude futures quoted 0.38 percent lower at $73.85pb. Crude prices extended losses during Asian trade this morning.
Edit

Crude oil options race past futures under peak margin norms

The Times of India 18 Jun 2021
In a first since their launch three years ago, the turnover of crude oil options has exceeded that of crude futures on commodity bourse MCX, thanks to ...
Edit

Crude Oil Weekly Price Forecast – Crude Oil Markets Continue to Drive Higher

FX Empire 18 Jun 2021
WTI Crude Oil. The West Texas Intermediate Crude Oil market has rallied initially during the course of the week but gave back some of the gains late in the week but at the end of the day we are still very likely to continue to see bullish pressure given enough time ... Know where WTI Crude Oil is headed? Take advantage now with. Start Trading.
Edit

Why oil prices may shoot at least 15% higher: Goldman Sachs

Yahoo Daily News 18 Jun 2021
At more than $73 a barrel currently, brent crude oil prices are trading at levels not seen since the fall of 2018 ... By then the entire global post-COVID surplus will likely have vanished, by which point we believe elevated crude oil prices could be the catalyst to refocus the market on the reflation trade."Story continues.
×