ENTITY

Crude Oil (CL1 COM COMDTY)

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Analysis
EnergyUnited States
Crude oil is a naturally occurring, unrefined petroleum product composed of hydrocarbon deposits and other organic materials. Crude oil can be refined to produce usable products such as gasoline, diesel and various forms of petrochemicals. It is a nonrenewable resource, also known as a fossil fuel, which means that it can't be replaced naturally at the rate we consume it and is therefore a limited resource.
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14 Apr 2020 01:16

Trump Orchestrates an OPEC+ Production Cut with G20 Backing: Crude to Stay Low

President Trump has coordinated a global crude-oil production-restraint deal among OPEC (led by Saudi Arabia), Russia and other major producers...

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bullishCrude Oil
13 Apr 2020 10:31

FLASH NEWS: Crude Bounces up Early Mon After Historic OPEC+ Output Cut Deal

Crude's reaction to a historic OPEC/non-OPEC production cut agreement sealed on Sunday has been lukewarm at the start of Monday's trading in...

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bullishCrude Oil
10 Apr 2020 18:56

OPEC+ Alliance Agrees 10 Mil B/D Cut, Looks for More Allies

The OPEC/non-OPEC alliance on Friday announced an agreement for the 23-member alliance to curtail production by 10 million b/d over May and June in...

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bearishCrude Oil
06 Apr 2020 14:58

Weekly Oil Views: OPEC+ Attempts Resurrection Against Massive Odds

A month after the shocking collapse of OPEC+ and the declaration of a price war by heavyweights Saudi Arabia and Russia, the producers’ alliance is...

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bullishCrude Oil
06 Apr 2020 05:54

WTI Fade Trade and Fresh Long Level

WTI is vulnerable to a fade sequence after a sharp rise of  near 40%. WTI shows resistance at 28 and support at dual lows at 20. Bigger congestive...

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