Oil slides on China COVID-19 curbs, strengthening US dollar On Monday, China reported 125 new COVID-19 cases, up from 96 a day earlier. In Malaysia and Thailand, infections continue to hit daily records of more than 20,000 Published 09 Aug, 2021 10:42am
Markets Palm oil may fall to 4,105 ringgit A break above an immediate resistance of 4,251 ringgit could lead to a gain into a range of 4,312-4,383 ringgit Published 06 Aug, 2021 10:57am
Markets Brent oil may retest support at $69.95 The key focus is on a pivotal support of $68.43, which plays an important role in evaluating the following direction Published 06 Aug, 2021 10:55am
Markets Oil rises on Mideast tensions but virus concerns weigh Brent crude oil futures rose by 31 cents, or 0.44%, to $70.69 a barrel Offsetting the Mideast tensions, concerns over the recovery of global oil demand grew amid a surge in coronavirus cases Published 05 Aug, 2021 06:42pm
Markets Brent oil may bounce towards $71.18 The anticipated bounce on the hourly chart is classified as a consolidation around a support at $70.75 Published 05 Aug, 2021 11:32am
Markets US oil may seek support around $67.34 On the daily chart, a rising trendline points at a target of $66.44. The contract is expected to eventually fall to this level Published 05 Aug, 2021 11:27am
Markets Oil prices fall on US crude stock build, Delta variant spread EIA shows US crude stocks rise, gasoline inventories fall Rising coronavirus cases in China, US seen curbing oil demand API shows US crude stocks down, gasoline inventories fall Published 04 Aug, 2021 08:19pm
Markets US oil may retest support at $69.72 On the daily chart, a rising trendline points at a target zone from $66.44 to $67.59 Published 04 Aug, 2021 11:25am
Markets Brent oil may retest support at $71.18 On the daily chart, the contract is expected to test a support at $73.50, a break below which could cause a fall to $68.43 Published 04 Aug, 2021 11:18am
Markets Brent oil may retest support at $72.39 On the daily chart, the contract has broken a support at $73.50. The break opened the way towards $68.43-$70.75 range Published 03 Aug, 2021 11:38am
Markets Brent oil may retreat to $73.87 On the daily chart, the contract is expected to fall to $73.50 Published 02 Aug, 2021 10:10am
Markets US oil may test support at $72.48 A break could open the way towards $71.32 or a lower level of $70.37 Published 02 Aug, 2021 09:54am
Markets Brent oil may test resistance at $76.43 On the daily chart, the surge on Thursday confirms the extension of the uptrend towards $77.96, which triggered the deep correction on July 6 Published 30 Jul, 2021 12:03pm
Markets Oil edges higher on inventory drawdowns, Brent tops $75 a barrel US crude stocks fall by 4.1 mln barrels, EIA says US Fed says economic recovery remains on track Iran blames US for pause in nuclear talks Published 29 Jul, 2021 07:07pm
Markets Oil nears $75 as US inventory drop counters virus concerns API reports 4.7 million barrel drop in US crude inventories Oil supply set to remain tight despite OPEC+ hike-analyst Published 28 Jul, 2021 08:01pm
Markets Brent oil still targets $75.36-$75.87 range The downtrend will be considered to have resumed, if the contract drops into the range Published 28 Jul, 2021 12:16pm
Markets Oil edges higher as tight supply outweighs virus spread Brent crude futures rose 23 cents, or 0.3%, to $74.73 a barrel With oil demand growth likely outpacing supply growth in the near term, we expect oil tightness over the summer, which should boost oil prices Published 27 Jul, 2021 06:35pm
Markets Brent oil may rise into $75.36-$75.87 range The contract has completed a pullback towards $73.50, it may not revisit this level Published 27 Jul, 2021 10:42am
Markets Brent oil may edge up to $75.36 A break above $75.36 could lead to a gain to $76.71, the peak of the wave b Published 26 Jul, 2021 10:25am
Markets Brent oil may keep rising into $74.52 - $75.36 range SINGAPORE: Brent oil may keep rising into a range of $74.52-$75.36 per barrel, as suggested by its wave pattern and... Published 24 Jul, 2021 04:27am
Markets Brent oil may keep rising into $74.52-$75.36 range Oil has broken a resistance at $73.50. The break opened the way towards $77.96 Updated 23 Jul, 2021 11:30am
Markets Oil extends gains despite rise in US inventories Brent crude futures had gained $2.13, or 3.1%, to $71.48 a barrel US crude stocks rose by 806,000 barrels for the week that ended July 16, according to two market sources, citing American Petroleum Institute figures. Published 21 Jul, 2021 07:18pm
Markets Oil falls $2 after OPEC+ producers agree to raise output Brent crude was down $1.92, or 2.6%, at $71.67 a barrel "Longer-term, free and additional production capacities from OPEC+ countries are the key reason why we see oil moving lower again" Published 19 Jul, 2021 04:32pm
Markets US oil may fall to $69.35 The lower channel suggests a target around $67.59, which will be confirmed when the support at $69.02 is broken Published 19 Jul, 2021 12:15pm
Markets Brent oil may fall towards $70.98 A rising channel suggests a lower target of $68.43, which will be available when oil breaks $70.75 Published 19 Jul, 2021 12:10pm
Markets Oil track for big weekly drop as supply concerns mount Brent crude was down 82 cents, or 1.1%, at $72.65 a barrel, heading for a 3.8% fall this week. Saudi Arabia and the UAE reached a compromise this week, paving the way for OPEC+ producers to finalise a deal to increase production. Published 16 Jul, 2021 09:05pm
Markets OPEC sees world oil demand reaching pre-pandemic level in 2022 Oil demand seen at 99.86 million bpd in 2022, similar to 2019 Updated 15 Jul, 2021 10:03pm
Markets Oil prices extend losses on expected supply increase Saudi Arabia and UAE reach compromise on oil supply. US crude stockpiles fall for eighth week –EIA. US fuel stocks rose despite reduced refinery output –EIA. Iran nuclear talks unlikely until mid-August –source. China June crude throughput hit record high. Published 15 Jul, 2021 05:26pm
Markets Oil prices firm as US inventories decline US oil and gasoline stocks fall as fuel demand rises. OPEC+ impasse fuels uncertainty over global supply. Fears of rising COVID-19 cases also weigh. Updated 09 Jul, 2021 05:07pm
Markets US oil may rise into $73.87-$74.60 range A moderate correction was triggered by the resistance at $73.34 Published 09 Jul, 2021 10:47am
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