Crude Oil Price Prediction – Crude Oil Markets Retraced
As we continue to price in the possibility of a worldwide economic slowdown, crude oil markets declined again during Thursday’s trading session.
Written by: Winona Grant
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Brent Oil
Crude Oil Price Prediction – Crude Oil Markets Continue to Respect the 200-Day Exponential Moving Average
The crude oil markets have retreated somewhat during Thursday’s trading session, indicating hesitancy around resistance.
Written by: Winona Grant
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Forecast of Crude Oil Price – Oil Markets Exhibit a Falling Wedge
During Tuesday’s trading session, crude oil markets rose slightly to break out of a falling wedge. This may be due to Saudi Arabia “rethinking” its crude output.
Written by: Winona Grant
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Weekly Fundamental Oil Price Forecast: Fed Rate Increase to Impact Fuel Demand
Fears that the Fed’s aggressive interest rate increases would reduce the world’s demand for gasoline are likely to keep the market in a gloomy mood.
Written by: Winona Grant
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Oil Price Forecast: Oil to Fall Below $100 Amid Recession Concerns
Recent coronavirus developments acted as an additional negative factor for oil prices. The decline in the oil markets persists. Traders are concerned that a looming recession may depress oil demand. Tomorrow’s EIA report will reveal whether domestic oil output in the United States continues to rise.
Written by: Winona Grant
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