Tag archives: FO

Oil Extends Gains As Major Producers Have No Spare Capacity 28/06/22

Oil extends gains as major producers flag capacity limits   Oil prices rallied for a third day on Tuesday as major producers Saudi Arabia and the United Arab Emirates looked unlikely to be able to boost output significantly while political unrest in Libya and Ecuador added to those supply concerns. U.S. West Texas Intermediate (WTI) …

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A Room with a Technical View 27/06/22

Capesize July Futures – on the last report we noted that upside moves that failed at or below USD 35,505 will leave the futures vulnerable to further tests to the downside. The futures traded to a high of USD 32,750 before trading below the USD 26,500 and USD 23,625 support levels, to a low of …

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Crude Oil Climbs Amid G7 Dissusions On Russian Exports 27/06/22

Crude Oil Climbs Amid G7 Dissusions On Russian Exports   Oil prices extended gains on Monday as investors stood on guard for any moves against Russian oil and gas exports that might come out of a meeting of leaders of the Group of Seven (G7) nations meeting in Germany. The prospect of more supply tightness …

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