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The FXGT Blog
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US OIL
18 March 2025
Crude Oil at a Crossroads: Geopolitics, Demand Shifts, and Market Uncertainty
Crude oil markets are navigating a complex landscape shaped by geopolitical risks, shifting demand dynamics, and technical signals.
21 February 2025
Oil Markets at a Crossroads: Supply Risks, Rising Stockpiles, and Bearish Signals
Oil markets remain volatile as supply risks, inventory changes, and shifting production policies shape price movements.
24 September 2024
Crude Oil Soars on US Rate Cuts and Tight Supply, But China's Economic Slowdown Looms
Crude oil prices surged due to US interest rate cuts and tightening global supply, despite concerns over China's slowing economy.
16 September 2024
Weekly Market Recap: A Week of Key Economic Shifts and Surging Commodities
The week starting Tuesday, September 9, saw significant economic developments across global markets, affecting currencies, commodities, and stock indices.
16 July 2024
US Oil Faces Key Support Retest at $81 Amid China Demand Concerns
The recent two-month oil rally encountered significant resistance at $85 in early July before retracing to find support at $81.
9 July 2024
Oil Prices Slip Below Key Support After Five-Week Rally, Focus Turns to $80 Target Level
Monday's price action brought a significant development as crude oil broke below key 4-hour support level at $82.50, signaling the potential formation of a daily top.
2 July 2024
WTI Crude Oil Gains Over 5% in June Amid Geopolitical Tensions and Summer Driving Demand
West Texas Intermediate (WTI) added over 5% in June and continues to show gains in early July, reaching new two-month highs.
12 June 2024
Oil Prices Climb on Revised Demand Forecasts and Inventory Declines
Oil prices continued to increase on Wednesday, supported by upbeat global demand projections from the U.S. Energy Information Administration (EIA) and OPEC, alongside ind...
3 June 2024
Oil Prices Hold Steady as OPEC+ Extends Production Cuts into Next Year
Oil prices remained steady after OPEC+ decided to extend all production cuts into next year while outlining a gradual phase-out plan for some reductions. This move aims t...
28 May 2024
Crude Oil Prices Rise Amid Stronger Demand Expectations and Geopolitical Tensions
U.S. crude futures increased on Tuesday, boosted by expectations of stronger fuel demand as Memorial Day weekend marked the start of the summer driving season. West Texas...
21 May 2024
Oil Prices Weaken Despite Geopolitical Risks, OPEC+ Meeting in Focus
The market has spent the last two weeks in a sideways range, finding resistance at $80 and support at $77. Oil prices retested the $80 level during yesterday's session bu...
20 May 2024
Weekly Market Recap – US Stocks Reach New Record Highs
Wall Street had a record-breaking week, driven by slower-than-expected April inflation data. The headline CPI increased at a slower-than-anticipated rate, and core CPI co...
9 May 2024
WTI Climbs Above $79 Following Inventory Decline
West Texas Intermediate crude oil prices rebounded above $79 per barrel on Thursday, following a significant decrease in U.S. crude inventories. Oil prices have faced sig...
26 April 2024
Oil Prices Recover on U.S. Treasury Outlook and Middle East Tensions
Oil prices are poised to close the week on a positive note, marking a reversal from two consecutive weeks of declines. This uptick is driven by encouraging remarks from U...
23 April 2024
Oil Traders Cautious as Geopolitical Landscape Remains Unpredictable
Geopolitical Tensions: Oil markets are currently steady, with prices hovering around $83 a barrel, as traders wait for any new developments that could escalate geopolitic...
18 April 2024
Oil Prices Decline as Middle East Tensions Ease
U.S. crude futures extended their losses, hitting a three-week low influenced by traders discounting the immediate risks of a broader conflict in the Middle East and a le...