Cushing inventories—the benchmark crude stored and traded at the key delivery point for U.S. futures contracts in Cushing, Oklahoma—rise by 112,000 barrels, according to API data, after falling by 734 ...
Crude futures edged higher supported by a new wave of U.S. sanctions on Iranian oil exports and expectations that OPEC+ will further delay its planned output hike.
Technical studies are mixed on daily chart as 14-momentum is neutral, MA’s in bearish configuration and stochastic is oversold. Look for direction signals on break of either $68.00 or $70 triggers.