OPEC+

Market round-up: Bitcoin hits $100k, OPEC+ delay output hike

Thu, 05 Dec 2024 13:51:54 +0000

Market round-up: Bitcoin hits $100k, OPEC+ delay output hike Lukman.Otunuga… Thu, 12/05/2024 - 15:51

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Bitcoin surpasses the $100,000 milestone while oil turns choppy following the OPEC+ decision. Here is what you need to know:

Commodities round-up: OPEC+ delays meeting, Coffee rallies

Thu, 28 Nov 2024 12:27:23 +0000

Commodities round-up: OPEC+ delays meeting, Coffee rallies Lukman.Otunuga… Thu, 11/28/2024 - 14:27

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OPEC+ has postponed its next oil policy meeting to December 5th from December 1st while coffee prices have rallied to multi-decade highs!

Oil, Yen tumble after weekend turmoil

Mon, 28 Oct 2024 07:53:55 +0000

Oil, Yen tumble after weekend turmoil han.tan@FXTM CY CA Mon, 10/28/2024 - 09:53

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Discover why Brent is headed for its third 4% daily drop so far this month. Also, find out USDJPY's forecasted trading range in light of Japan's latest political uncertainties, in a week that also features the crucial Bank of Japan meeting.

Brent: Slumps on easing Middle East fears

Tue, 15 Oct 2024 12:41:04 +0000

Brent: Slumps on easing Middle East fears Lukman.Otunuga… Tue, 10/15/2024 - 15:41

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Oil benchmarks have been hammered this week, shedding over 6% thanks to potent fundamental forces. Brent is under pressure on the daily charts with prices slipping below the 21-day SMA.

Brent: Slips into Q4 on supply fears

Tue, 01 Oct 2024 10:35:56 +0000

Brent: Slips into Q4 on supply fears Lukman.Otunuga… Tue, 10/01/2024 - 13:35

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The past few months have been rough and rocky for oil benchmarks. Crude and Brent shed over 16% in Q3 due to expectations around OPEC+ bringing back production while a slowdown in China rubbed salt into the wound.

Oil soars on Libyan supply halt

Mon, 26 Aug 2024 14:06:29 +0000

Oil soars on Libyan supply halt han.tan@FXTM CY CA Mon, 08/26/2024 - 17:06

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Brent and Crude are soaring by about 3%, breaking above their respective 21-day SMAs, after Libya's rival (eastern) government ordered a stop to all oil production and exports. With this breaking development, where are oil prices headed to next?

Week Ahead: Brent waits on OPEC+ meeting

Fri, 31 May 2024 08:47:20 +0000

Week Ahead: Brent waits on OPEC+ meeting Lukman.Otunuga… Fri, 05/31/2024 - 11:47

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Key central bank decisions and top-tier economic data could rock markets in the week ahead. The spotlight shines on oil benchmarks thanks to the OPEC+ decision over the weekend.

Brent rebounds from 5-month low but bears linger

Thu, 07 Dec 2023 11:26:18 +0000

Brent sheds 3.8% in previous session

Global commodity hit by supply concerns & demand fears

Oil under pressure despite recent rebound

Bears in driving seat but RSI signals oversold

Key levels interest at $78, $74 and $72.50

Oil prices staged a Read More

Brent advances ahead of OPEC+ decision

Thu, 30 Nov 2023 09:23:41 +0000

Brent enters squeeze ahead of OPEC+ decision

Will cartel deliver or disappoint?

Supply cuts from OPEC+ could trigger 400-point rally

Brent in ascending triangle and above 21-day SMA

Oil extended gains Read More

Week Ahead: More pain ahead for oil?

Fri, 17 Nov 2023 12:19:59 +0000

Crude oil tumbles into bear market on demand fears

Keep eye on incoming EIA report and US data

Oil slump throws OPEC+ into spotlight

Bears in power but RSI oversold

Key levels of interest at $75.30, $72.50 and $70