One thing that both patterns indicate, the small symmetrical triangle and falling wedge, is that the price range in crude has been compressing recently. When that happens, it can typically lead to ...

We will review the current outlook for crude oil prices that these commercials tell us later in the article. Seasonal patterns for oil Oil prices are incredibly cyclical due to the enormous demand for ...

President Trump has been drumming, "Drill, Baby, Drill!" He will most likely lower oil and refined product prices in time.

Moreover, crude oil is back below the lower boundary line of the triangle pattern. The rally from the previous two weeks highlighted a possible failure of the triangle breakdown that triggered at ...

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China's surplus crude oil eased slightly in December, but the excess surged in 2024 to more than 1 million barrels per day ...

The Energy Information Administration’s (EIA) new short-term energy forecast confirms strong demand for 2025 but notes that ...

Declines in Chinese crude imports and demand filled by illicit barrels from Iran and Russia helped hold down VLCC rates ...

Jan 22 (Reuters) - U.S. crude oil stockpiles were expected to have fallen last week while gasoline and distillate inventories likely rose, an extended Reuters poll showed on Wednesday. Nine ...

a decline in crude and distillate stocks was reported, reflecting robust consumption,” he said. “However, gasoline inventories rose, indicating a potential adjustment in consumption patterns.

Brent crude oil futures topped the resistance at $74.50 last week and confirmed a triangle pattern. It also closed above the hurdle at $76, indicating that the bulls are gaining traction.