Oil

Forecasts & Technical Analysis

BrokerTrending provides you with the latest oil forecast by our financial analysts, including news, fundamental analysis and outlook.

Oil prices decline with the increase in Coronavirus pandemic cases

Oil Prices Outlook – 8th December 2020 Oil prices witnessed a decline during trading today, Tuesday, in the European session, to record the second consecutive daily decline. This decline is due to the continuing activity of corrections and profit-taking after it recorded its highest level in nine months earlier in the commodities trading, in addition […]

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Oil prices deepen losses pending US inventory data

Oil prices declined during trading today, Tuesday, despite the dollar’s ​​decline against most of the major currencies, in anticipation of the weekly crude inventories report. Investors are closely following the developments in global demand for crude, with the return of lockdown restrictions in several countries due to the increase in Coronavirus infections. The number of […]

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Oil increases its losses and Brent crude drops by 2.5%

Oil prices fell during trading on Friday in light of dollar’s rise against most major currencies, and renewed concern about global demand this year. A technical committee consisting of OPEC and officials from independent producers in what is known as “OPEC +” alliance had revealed expectations of a slowdown in global oil demand during current […]

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