Tag archives: FO

A Room with a Technical View 06/06/22

Oil August Futures – Technically bullish on the last report the futures did trade above the USD 115.69 fractal resistance resulting in the USD 123.74 level being broken. The roll into the August contract resulted in a technical pullback, however price held above the USD 112.36 level supporting a bull argument. Key support remains unchanged, …

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Saudis Raise Oil Prices More Than Expected For Asian Markets 06/06/22

Saudis Raise Oil Prices More Than Expected Amid Asia Rebound Saudi Arabia raised oil prices for its biggest market of Asia by more than expected as the region’s main economies ease coronavirus restrictions, helping boost demand. The increase for July shipments resumes a streak of hikes that started in February and was only broken when …

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Saudis Ready To Boost Oil Output If Russian Output Drops 02/06/22

Saudis Ready to Pump More Oil If Russian Output Drops, FT Says   Saudi Arabia is prepared to boost oil output should Russian production fall substantially due to increasing sanctions, the Financial Times reported, citing five people familiar with the discussions.   There have been discussions about an immediate increase in output from the Saudis …

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