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Where next for daily oil prices ?

Crude oil futures continued to trade in a narrow range yesterday, with the October WTI contract closing the day marginally lower at $95.36 per barrel, having reached an intraday high of $96.03 during the oil trading session. Following the recent breakout from the sideways consolidation...

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Daily Oil Prices 29 May 2012

Following the recent sharp sell off in oil  which has seen the WTI contract fall from a high of $110 per barrel to $91 per barrel at time of writing, it will be interesting to see whether OPEC, and in particular Saudi Arabia, are willing...

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Daily Oil Prices 24 Mar 2011

Having finally broken out of its long sideways consolidation the question now is just how far daily oil prices are likely to rise if and when they manage to break through the March 7th top at 106.  One of the most straightforward methods would be...

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Daily Oil Prices 1 Dec 2010

A volatile week for crude oil trading so far with Monday’s strong breakout promptly reversing yesterday as crude oil prices pulled back as a wide spread down candle which found solid support from the 14 day moving average.  Indeed this volatile price action has continued...

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Daily Oil Prices 10 Nov 2010

A day of consolidation in yesterday’s oil trading session for the WTI contract, which saw the commodity trade in a narrow range between $87.63 to the upside and $85.48 to the downside before ending as a doji candle at $86.38 per barrel.  Despite the price...

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Daily Oil Prices 20 Oct 2010

Crude oil prices, like many other asset groups in the commodity sector, suffered a sharp sell off yesterday following the news that China had decided to increase its interest rates by 0.25% which took the market by surprise, sending the dollar higher as a result....

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Daily Oil Prices 18 Oct 2010

The WTI daily oil price chart continued to consolidate in a sideways range, moving between $80.76 to the downside and $84.1 to the upside before closing the oil trading session at $81.48 per barrel and perched on the 14 day moving average.  As such we...

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