Hello Traders,
The Oil price is stretched due to geo-conflict issue and imbalence bteween the supply side and demande side.
The upside is limited , the potential is for a correction to down side back to midd $70/b
The Oil price is stretched due to geo-conflict issue and imbalence bteween the supply side and demande side.
The upside is limited , the potential is for a correction to down side back to midd $70/b
Note
Note
The US eyes a release from oil reserves as prices rise on Ukraine.Note
White House: An option on the table is to release more oil from the strategic petroleum reserve.Note
US API Crude Oil Stock Change Actual 5.983M (Forecast 0.767M, Previous -1.076M)Note
Oil prices are likely to average $110 in the second quarter as tensions over Ukraine continue to escalate, JPMorgan Chase said. BloombergOrder cancelled
Putin has approved a special military operation in Ukraine's Donbas - RIA News Agency.Note
New US sanctions on Russia aren't expected to have a significant impact on the energy sector - POLITICO.The Russian energy giant Rosneft is not expected to be a target of the new sanctions package - Politico.
Biden: We will release more oil from SPR as needed.
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.