Crude Oil - Oil Price Fundamental Daily Forecast – EIA Crude Inventories Data Sets Early Tone
30-11-2022 02:17
Today's EIA report is expected to show a 3.2 million barrel drawdown of crude oil. On Tuesday, the API reported a much bigger-than-expected draw.
Crude oil hit by heavy fund sales as fears about cap recede: Kemp
Petroleum markets were hit by a second week of heavy investor sales last week as fund managers became convinced the planned G7 price cap would be set and enforced in a manner that won’t interrupt Russia’s crude exports.
Gold Price Forecast: Gold Bounce Continues, Crude Oil Tries to Set Support
Gold prices are working on their strongest month of performance since July of 2020, which was just before Gold set it’s all-time-high. Oil prices have attempted to bounce from the first support test at the $75/brl level yesterday.
Crude Oil started with crash
Crude oil market started the new week with sales. A Brent barrel is falling to 81.40 USD. The worst of the news comes from China. The Chinese are rebelling against tough anti-coronavirus measures and lockdowns imposed by the government due to many new cases of COVID-19.
