Tag archives: FO

Oil Prices Remain Volatile As Spare Capacity Dries Up 08/06/22

Oil prices face big volatility as spare capacity dries up After more than a year of pressure from the United States and other top oil consuming countries, OPEC+ finally agreed to accelerate oil supply increases last week to tame runaway fuel prices and slow inflation. But that will leave producers with very little spare capacity, …

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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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