Oil ETFs have been raking in solid cash as recessionary fears pulled down oil prices in recent weeks.
Oil prices remained under pressure this year on global recessionary fears. Can it bounce back?
WTI Crude (CLH23) is vulnerable to sliding to below the psychologically key 80 whole figure level today following the highly anticipated weekly inventory data at 1030am EST. The rejection this week...
WTI Crude (CLH23) is trying to add to yesterday’s gains after breaking above the psychologically key 80 whole figure level. Any decisive surge above the slightly downsloping resistance line (on the...
QQQ, SPY, OIL have been highlighted in this Earnings Trends article.
We strongly dispute the notion that earnings estimates remain out of sync with the economic ground reality, particularly if the economic slowdown turns out to be moderate.
Oil prices have been in decent shape lately. Though the news of continuation of China's zero-Covid policy cast a pall over oil prices on Monday, it is likely to be a short-term drag.
Oil prices rallied on Wednesday as OPEC+ producers agreed deep output cuts.
Oil prices increased considerably on Sep 5 as OPEC+ producers agreed a small oil output cut.
WTI Crude (CLQ22) is hesitating at the daily chart downchannel resistance ahead of today’s highly anticipated weekly inventory data at 1030am EST. Although CL has bounced strongly off the 50% Fib...