Tag Archives: OPEC
Oil Prices Decline Sharply on Weak Demand Forecast
On Tuesday, the Organization of the Petroleum Exporting Countries (OPEC) announced in its monthly report that global oil demand is projected to rise by 2.03 million barrels per day (bpd) in 2024, a slight decrease from the previous month’s forecast of 2.11 million bpd. However, until last month, OPEC was still maintaining the same forecast […]
Focus on WTI OIL today – 2nd July, 2024
In this comprehensive analysis, Ultima Markets brings you an insightful breakdown of the WTI OIL for July 2, 2024. Key Takeaways Technical Analysis Daily Chart Insights 1-hour Chart Analysis Pivot Indicator Conclusion To navigate the complex world of trading successfully, it’s imperative to stay informed and make data-driven decisions. Ultima Markets remains dedicated to providing […]
Oil Futures Soar Amid Summer Season and Global Political Shifts
On Monday, WTI crude futures experienced a significant increase, rising by 2.2% and closing at $77.4 per barrel, marking their highest point in more than a week. This was the most substantial one-day gain seen since February and was driven by the anticipation of a rise in fuel demand during the summer season. Investors are […]
Focus on WTIUSD today – 24th May 2024
In this comprehensive analysis, Ultima Markets brings you an insightful breakdown of the WTIUSD for 24th May 2024. Key Takeaways Technical Analysis Daily Chart Insights 1-hour Chart Analysis Pivot Indicator Conclusion To navigate the complex world of trading successfully, it’s imperative to stay informed and make data-driven decisions. Ultima Markets remains dedicated to providing you […]
Focus on WTI OIL today – 8th May 2024
In this comprehensive analysis, Ultima Markets brings you an insightful breakdown of the WTI OIL for 8th May 2024. Key Takeaways Technical Analysis Daily Chart Insights 1-hour Chart Analysis Pivot Indicator Conclusion To navigate the complex world of trading successfully, it’s imperative to stay informed and make data-driven decisions. Ultima Markets remains dedicated to providing […]
Focus on WTI today – 19th April 2024
In this comprehensive analysis, Ultima Markets brings you an insightful breakdown of the WTI for 19th April 2024. Key Takeaways Technical Analysis Daily Chart Insights 4-hour Chart Analysis Pivot Indicator Conclusion To navigate the complex world of trading successfully, it’s imperative to stay informed and make data-driven decisions. Ultima Markets remains dedicated to providing you […]
Focus on WTI OIL today – 12th April 2024
In this comprehensive analysis, Ultima Markets brings you an insightful breakdown of the WTI OIL for 12th April 2024. Key Takeaways Technical Analysis Daily Chart Insights 4-hour Chart Analysis Pivot Indicator Conclusion To navigate the complex world of trading successfully, it’s imperative to stay informed and make data-driven decisions. Ultima Markets remains dedicated to providing […]
Crude oil prices skyrocketed following Houthis’ attack.
Crude oil prices: The Red Sea attack WTI oil price on Monday. Crude oil prices rose more than 1% on Monday after Houthi movement launched an attack on a fuel tanker in the Red Sea. Commodities trader Trafigura released a statement on risk assessment on Saturday, noting possible oil supply disruption following the attack last […]
Focus BRENT OIL Today – 20th December 2023
Comprehensive Brent Oil Analysis for December 20, 2023 In this comprehensive analysis, Ultima Markets brings you an insightful breakdown of the BRENT OIL for 20th December 2023. Brent Oil Analysis Key Takeaways Brent Oil Technical Analysis Brent Oil Daily Chart Insights Brent Oil 1-hour Chart Analysis Ultima Markets MT4 Pivot Indicator Conclusion
OPEC Report: Navigating Oil Demand in a Shifting Landscape
OPEC Report Quells Demand Worries, Brent Oil Recovers Lost Ground As the world converges at COP28 to discuss a future less dependent on fossil fuels, the latest report from OPEC offers insights into the trajectory of oil demand, projecting a substantial growth in the coming year. Amid the push for green energy, OPEC remains optimistic […]