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WTI Crude Oil trades above $61.00 with prices consolidating in a tight range

WTI Crude Oil trades above $61.00 with prices consolidating in a tight range

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WTI reclaims $61.00 to trade in a tight range between the 10-day and 20-day SMA. Oil prices remain under pressure amid an uncertain economic backdrop, but technical levels continue to contribute to the short-term price action. With investors closely monitoring the global growth outlook, key psychological levels provide additional barriers of support and resistance between […]

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Oil Prices Flat as Uncertainty Clouds Market Outlook

Oil Prices Flat as Uncertainty Clouds Market Outlook

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By Irina Slav – May 22, 2025, 12:50 AM CDT Crude oil prices retreated after the US Energy Information Administration reported an unexpected increase in oil inventories. Geopolitical developments, including the possibility of strikes on Iranian nuclear facilities and ongoing talks between the US and Iran, are creating volatility in the oil market. Despite concerns

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Asian shares climb and oil prices gain after a report Israel may attack Iran’s nuclear facilities

Asian shares climb and oil prices gain after a report Israel may attack Iran’s nuclear facilities

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Shares rose in Asia on Wednesday while oil prices jumped more than 1% following a report that Israel may be planning an attack on Iranian nuclear facilities. U.S. futures were lower. A CNN report cited unnamed intelligence officials saying Israel may be preparing for an attack on Iranian nuclear facilities. Oil prices tend to rise

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WTI drops to near $60.50, crude Oil slides 3% on US-Iran nuclear deal hopes

WTI drops to near $60.50, crude Oil slides 3% on US-Iran nuclear deal hopes

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WTI price dropped by about 3% on Thursday due to escalating fears of a global supply surplus. Trump commented, “I think we are getting very close to a deal with Iran. Iran has agreed to the terms.” US EIA reported a substantial crude inventory increase of 3.5 million barrels last week, raising stockpiles to 441.8

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Trump says ‘getting close’ to deal to avoid Iran military action

Trump says ‘getting close’ to deal to avoid Iran military action

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US President Donald Trump said Thursday a deal was close on Iran’s nuclear programme that would avoid military action, sending oil prices tumbling as he boasted of raising “trillions of dollars” on a Gulf tour. “We’re not going to be making any nuclear dust in Iran,” Trump said in Qatar, the second stop of his

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American Shale Patch Is Under-Hedged But Bullishly Optimistic

American Shale Patch Is Under-Hedged But Bullishly Optimistic

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Alex Kimani Alex Kimani is a veteran finance writer, investor, engineer and researcher for Safehaven.com.  More Info Premium Content By Alex Kimani – May 14, 2025, 7:00 PM CDT U.S. shale oil hedging remains historically low despite a recent uptick, with only 25.7% of 2025 output hedged. The low level of hedging reflects continued bullish

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