Oil

WTI Crude Oil Technical Analysis

• Crude Oil broke above the key resistance.

Citi's global head of commodity research sees oil in a $70 - $90 range (floor - ceiling)

Private oil survey data shows smaller headline crude draw than was expected

WTI crude oil futures to settle at $75.75. That's easy to remember

• Up $1.60 or 2.16%

BlackRock has named the Saudi Aramco CEO to its board

EIA sees a slight dip in US share production in August

• The latest EIA forecasts

Saudi Arabia says will extend voluntary oil cuts (update: report withdrawn)

• Oil jumps on the headlines (later gives it all back as the headline is withdrawn)

The goldilocks price for oil is around US$70 per barrel.

WTI crude oil futures settle at $75.42

• Down $1.47 or -1.91%

Baker Hughes oil rig count -3 to 537

• Total rates fall by 5

JPM forecast Brent oil to $86 at the end of 2023

WTI crude oil futures settle at $76.89

• Up $1.14 or 1.5%

Russia's oil minister Novak:Companies will decide themselves whether to cut prod in August

• Russian oil minister Novak speaking

Russia’s flagship Urals crude oil has popped above the US$60 price cap for the first time

WTI crude oil futures settle at $75.75

• Up $0.92 or 1.23%