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oil tanker truck | EconAlerts

Oil Prices in focus

Fundamental Analysis: On Tuesday Oil prices followed the bearish sentiment seen on Monday, amid fears of over-production supply flooding the market. All the gains made from Friday’s news that the number of active U.S. oil rigs declined by four last week to 796 were seen to diminish. This was the first

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OIL 13/03/2018 | EconAlerts

Technical Analysis – WTI crude oil futures

WTI crude oil futures post neutral sessions; Bollinger bands act like obstacles. WTI crude oil futures have been moving sideways over the last few sessions in the 4-hour chart, signaling weak momentum. The price hit several times the 20-simple moving average but failed to trade lower. Having a look at the bigger picture, oil has lost its aggressive buying

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