• 3 minutes e-car sales collapse
  • 6 minutes America Is Exceptional in Its Political Divide
  • 11 minutes Perovskites, a ‘dirt cheap’ alternative to silicon, just got a lot more efficient
  • 7 hours GREEN NEW DEAL = BLIZZARD OF LIES
  • 8 days Solving The Space Problem For America’s Solar Industry
  • 7 hours Russian Officials Voice Concerns About Chinese-Funded Rail Line
  • 1 day Investment in renewables tanking
  • 2 days If hydrogen is the answer, you're asking the wrong question
  • 4 hours How Far Have We Really Gotten With Alternative Energy
  • 2 days "Mexico Plans to Become an Export Hub With US-Drilled Natural Gas" - Bloomberg - (See image)
Oil Markets On Edge Ahead Of OPEC Meeting

Oil Markets On Edge Ahead Of OPEC Meeting

Oil markets are growing increasingly…

Jim Hyerczyk

Jim Hyerczyk

Fundamental and technical analyst with 30 years experience.

More Info

Premium Content

Oil Markets Brace For A Rebound

Crude oil and natural gas futures are sharing a similar pattern this week. Both markets reached their lows early on before sitting in a range the rest of the week. The chart patterns suggests investors are playing the waiting game. Crude traders are waiting for the start of the OPEC-led production cuts on January 1. Natural gas traders are waiting for a possible return of cold weather next week-end. So basically, we’re looking at chart patterns that suggest investor indecision and impending volatility.

Crude Oil

Short-Term Recap         

U.S. West Texas Intermediate and international-benchmark Brent crude oil futures are trading better Friday morning. The markets are attempting to recover from Thursday’s weakness. The early catalyst is increased demand for risky assets. Stocks are following through to the upside after yesterday’s dramatic reversal bottom. This is helping to encourage a few of the weaker crude oil short-sellers to pare positions. Later today, investors will get the opportunity to react to the latest inventories report from the U.S. Energy Information Administration at 1600 GMT. It is expected to show a small draw down.

API Reports Increased Supply

Crude oil futures…





Leave a comment

Leave a comment




EXXON Mobil -0.35
Open57.81 Trading Vol.6.96M Previous Vol.241.7B
BUY 57.15
Sell 57.00
Oilprice - The No. 1 Source for Oil & Energy News