Based on recent news articles, the sentiment regarding oil prices is mixed. While some articles mention that oil prices have risen due to factors such as wildfires in Canada's oil sands and expectations of a drawdown in US inventories, other articles highlight that oil prices have declined to nine-week lows following disappointing inflation data and unchanged forecasts from OPEC. Overall, the outlook for oil prices remains uncertain and is influenced by various factors such as supply-demand dynamics, global economic indicators, and geopolitical events.
Here are some news articles related to oil prices:
Oil prices up on wildfires in Canada, US inventories drawdown expectations: This article mentions that oil prices rose due to the threat of wildfires in Canada's oil sands and expectations of a drawdown in US crude oil and gasoline inventories.
Oil slides to nine-week lows after latest inflation disappointment: This article highlights that oil prices have declined to nine-week lows following new data showing higher-than-expected inflation and unchanged forecasts from OPEC.
Oil declines with OPEC forecast unchanged, as traders weigh the interest-rate outlook: This article discusses how oil prices moved lower as traders weighed the outlook for interest rates and their potential impact on energy demand, alongside unchanged forecasts from OPEC.
Oil Prices Hold Steady Amid Economic Indicators and OPEC Report: This article provides an overview of oil prices holding steady amid economic indicators and the release of OPEC's report.
Oil prices tick up on tighter supply outlook: This article mentions that oil prices have ticked up due to a tighter supply outlook resulting from operational disruptions, stronger demand, and voluntary output cuts.
$Brent Last Day Financial - main 2407(BZmain)$ $WTI Crude Oil - main 2406(CLmain)$ pnf shows they are at support zones. candlestick chart of wtic shows that the daily candlesticks fell below the 200 day moving average. however, the 50 day moving average has yet to cross below the 200 day moving average. if there is a crossover, that would be bearish for oil.
do apply automatic investment system where you add shares at each 10% drop or at support zones if you know technical analysis. this way you conserve your capital while the stock is strongly downtrending. do take profit at 10% intervals or at resistance zones if you know technical analysis. this way you have capital to buy the dip. only applies to stocks in an index or warren buffett would approve. bon courage.
merci@TigerStars @TigerWire @Daily_Discussion @koolgal @Asphen
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