• 5 minutes Drone attacks cause fire at two Saudi Aramco facilities, blaze now under control
  • 7 minutes China Faces Economic Collapse
  • 11 minutes Oil Production Growth In U.S. Grinds To A Halt
  • 13 minutes Iran in the world market
  • 15 minutes Ethanol, the Perfect Home Remedy for A Saudi Oil Fever
  • 17 minutes Experts review Saudi damage photos. Say Said is need to do a lot of explaining.
  • 3 hours Saudis Confirm a Cruise Missile from Iranian Origin
  • 2 hours Let's shut down dissent like The Conversation in Australia
  • 9 hours Trump new National Security Advisor. Trump easily manipulated.
  • 6 hours Is It Time To Invest In Offshore Drillers?
  • 13 hours Aramco Production
  • 4 hours Trump Will Win In 2020 And Beyond..?
  • 9 hours The Spy Money: U.S. Wants To Seize All Money Edward Snowden Makes From New Book
  • 2 hours Democrats and Gun Views
  • 1 day USA Wants Iran War -- Shooty Shooty More
  • 1 day The Belt & Road Initiative: A Wolf in Sheep's Clothing?
  • 7 hours Yawn... Parliament Poised to Force Brexit Delay Until Jan. 31
Alt Text

Trade War Optimism Halts Oil Price Slump

Financial markets have received a…

Alt Text

Trump Battles To Avoid War With Iran

The investigation into who launched…

Alt Text

Shale Stocks Surge On Major Jump In Oil Prices

US shale drillers saw their…

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

There has been very little news this week, which is typical of the holiday season. Helping to limit gains are concerns over the partial government shutdown that may not come to an end until January 4, and renewed concerns over the trade dispute between the U.S. and China. Investors are also worried about the supply glut and whether the OPEC-led production cuts will help trim the excess and stabilize prices.

A strong recovery in U.S. equity markets helped oil prices recover on Wednesday, but a bearish inventories report on Thursday from the American Petroleum Institute pushed prices lower. Another dramatic turnaround to the upside in the stock market is helping to provide some light support on Friday shortly before the release of the U.S. Energy Information Administration weekly inventories report.

Short-Term Recap         

U.S. West Texas Intermediate and international-benchmark Brent…



Leave a comment

Leave a comment




Oilprice - The No. 1 Source for Oil & Energy News
Download on the App Store Get it on Google Play