WTI oil: could reach the $100 threshold

An overshoot of the 200-period moving average is preferred Graphically, the price of WTI oil rebounded from the support located at 85 dollars and seems to be currently holding beyond the former support located at 92.50/93 dollars. This configuration allows us to consider a continuation of the acceleration towards the moving average 200 periods, located … Read more

crude oil inventories rise, contrary to forecasts

U.S. commercial crude oil reserves rose sharply last week, surprising analysts who expected a small reduction, according to figures released Wednesday by the U.S. Energy Information Administration (EIA). Read alsoVolatile, oil ends up slightly ahead of OPEC+ During the week ended July 29, commercial stocks of black gold rose by 4.5 million barrels to 426.6 … Read more

USD/CAD: the dollar is trying to overcome a major resistance at 1.3070C$

Breaking above the resistance at 1.3070 would restart the underlying bullish momentum From a technical analysis perspective, we can see USD/CAD reluctant to break above its year high at 1.3070 and its 200 week moving average. The exchange rate has tested these resistances three times in less than two months and increasingly rapidly (1 month … Read more

Oil drops, US gasoline demand faltering

Oil prices fell on Wednesday in a market that the slowdown in gasoline consumption in the United States made tick, while a member of the Biden government said he hoped for a new gesture from Saudi Arabia. The price of a barrel of Brent North Sea oil for August delivery fell 1.45% to close at … Read more

surprise rise in commercial stocks, but strategic reserves are melting

Commercial crude oil reserves in the United States increased last week, according to figures released Wednesday by the US Energy Information Agency (EIA), a figure put into perspective by the further sharp decline in strategic reserves ( -7.7 million barrels). During the week ended June 10, commercial stocks of black gold increased by 1.9 million … Read more

Oil resists inflation in the United States and the rise of the dollar

Oil prices resisted Monday, June 13 despite the rise of the dollar and the rout of stock markets, weighed down by fears of economic recession and galloping inflation in major crude-consuming countries such as the United States. Brent crude from the North Sea for August delivery climbed 0.21% to 122.27 dollars. A barrel of US … Read more

Oil weakens on inflation and fears of recession in the United States

Oil prices slid on Monday, weighed down by fears of economic recession and galloping inflation in major crude-consuming countries like the United States, when in China, the possibility of new confinements in the largest cities worries. Around 9:20 a.m., a barrel of Brent from the North Sea for delivery in August lost 1.11% to 120.66 … Read more

For helium balloons, the party deflates in the United States

Birthdays, weddings, graduations, Valentine’s Day… Helium balloons are part of every celebration in the United States, but a global shortage of this gas is disrupting habits, penalizing consumers as much as merchants. “Due to the global helium shortage, we are only allowing orders for 20 balloons,” Litin’s Party Value, a party supply store in Minneapolis … Read more

Refineries, bottleneck which aggravates the soaring of gasoline in the United States

AFP, published on Sunday, May 29, 2022 at 06:45 Despite record gasoline prices in the United States, American refineries are unable to catch up with demand, due to a lack of sufficient capacity, after a series of closures in recent years, contributing to the surge in fuel prices. Last week, the utilization rate of refineries … Read more