Tags » Crude Oil Futures

Crude Oil Price Update – Major Pivot Price on Weekly Chart is $50.59


By James Hyerczyk, FX Empire

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U.S. West Texas Intermediate crude oil traded in a narrow range most of the week as traded shrugged off the weekly inventories data while waiting for a key OPEC and non-OPEC members meeting that would determine whether the current program to trim production would be extended or deepened. 484 more words

Oil rises after Iraq signals possible OPEC cut extension


  • Oil prices rose on Wednesday
  • OPEC was considering extending or deepening supply cuts, Iraq’s oil minister said
  • U.S. crude stocks rose last week, API said Tuesday…
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US oil prices hit $50 on rising refinery demand, falling rig count


  • U.S. Gulf refineries restarting after Hurricane Harvey
  • U.S. rig count falls to lowest since June
  • But analysts warn of distortions following hurricane damage

Andrew Cullen | Reuters… 408 more words

Crude Oil Forecast September 18, 2017, Technical Analysis


September 16, 2017, 12:32:53 AM EDT By Christopher Lewis, FX Empire

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WTI Crude Oil

The WTI Crude Oil market was very volatile during the Friday trading session, but continues to struggle near the $50 handle. 144 more words

Aramco says IPO on track after report it is preparing for possible delay


  • Bloomberg previously reported Saudi Aramco was preparing contingency plans for a possible delay to its planned initial public offering
  • The oil company said Thursday that its planned IPO is still set to go ahead…
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Selling Crude Oil December Futures

Sold 60c@$250 and closed on the same day for $200. Nothing much to see here..


  • With a longer term trade with around 45 days to go, getting 20% of premium value within a day enticed me to close early and free up margin for more trades.

Selling Crude Oil November Futures

Sold 52C@$310 and closed the next day at $270. Sold 52C@$210 and closed the next day at $170. Strangled at 55c@$70/42p@$50.


  • I cant remember why i closed those 52c trades so fast, but it could be due to a lack of confidence during that period of time.
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