Crude Oil

Crude Oil Weekly Outlook: WTI crude is challenging the $65 resistance as markets weigh US-China trade talks, expectations of an OPEC+ supply cut rollback by June, rising supply risks from Russia, and heightened geopolitical tension following an explosion at Iran’s Bandar Abbas port near the Strait of Hormuz — a key oil transit route — which may impact oil prices next week.

Crude Oil, USCAD Outlook: WTI crude is challenging the $64.70 resistance as markets weigh ongoing trade negotiations and speculation that OPEC+ may unwind supply cuts. USD/CAD holds above 1.38, reflecting broader currency market consolidation amid global uncertainty. What are the next key levels?

Conflicting signals form the COT futures report make the outlook for oil a bit murkier than I'd like. But over the near term, price action suggests WTI crude oil could be facing another attempt at breaking below $60.

Crude Oil Week Ahead: Oil extended its rebound toward the $64 resistance on renewed trade deal hopes and U.S. strikes on Yemen's oil port. With major markets in a holding pattern, next week’s moves hinge on unfolding headlines and geopolitical shifts, especially as Trump offers sanction relief for Russia on Ukraine peace proposal

Crude Oil, Nasdaq Forecast: Crude Oil and Nasdaq hold their rebounds—with oil hovering near $60 and the Nasdaq below 19,200—as markets await direction from US-China trade talks, key economic data, and earnings releases. What are the potential scenarios?

Crude Oil, Nasdaq Forecast: Markets rebounded from extreme oversold momentum levels—last seen in 2020—following the confirmed 90-day delay on tariffs. However, this recovery remains challenged by key resistance levels and ongoing risks tied to the US-China trade war and broader concerns over global economic growth.

Crude Oil, Gold Forecast: Gold remains elevated near $3,000, driven by safe-haven demand yet weighed down by overbought signals. Crude oil hovers around $60, pressured by recession fears and uncertainty around global stimulus. With US-China trade tensions escalating, key scenarios are now in play.

Risk appetite took another big hit as China struck back with fresh tariffs of its own, following Trump’s big reciprocal tariffs announcement on Wednesday.

After falling to the $65 per barrel zone, WTI has posted a recovery of over 6% over the past two weeks of trading. For now, the bias remains neutral, as the market stays focused on the potential outcomes of U.S. trade tariffs.

Crude Oil Week Ahead: Tariff concerns weigh on oil demand forecasts and geopolitical tensions elevate supply risks; this dual pressure is stalling oil’s rebound near the $70 per barrel mark ahead of Liberation Day and U.S. Nonfarm Payrolls (NFP) week.

Oil prices have risen to test 3-week highs, with prices finding support by expectations of tightening supplies in the short term outlook, putting concerns about demand on a back burner.