#NegativeOilPrice#
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The American oil industry is facing a doomsday scenario.
The coronavirus pandemic has caused oil demand to drop so rapidly that the world is running out of room to store barrels. At the same time, Russia and Saudi Arabia flooded the world with excess supply.
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น้ำมันยังนิ่ง ตลาดลังเลต่อทิศทาง OPEC+
🛢️ น้ำมันยังไม่ฟื้นเต็มแรง ตลาดลังเลต่อทิศทาง OPEC+ และเศรษฐกิจโลก ราคาน้ำมันโลกในสัปดาห์นี้ยังแกว่งในกรอบจำกัด หลังกลุ่มผู้ผลิตน้ำมันรายใหญ่ (OPEC+) ตัดสินใจเพิ่มกำลังการผลิตเพียงเล็กน้อยกว่าที่นักลงทุนคาดไว้ ซึ่งสะท้อนถึงความระมัดระวังของประเทศผู้ผลิตที่ไม่ต้องการให้ราคาน้ำมันร่วงแรงในภาวะที่เศรษ
Oil Prices on Edge Amid Sanctions and Oversupply.
On September 15, 2025, Bloomberg reported a volatile oil market, with Brent crude holding above $67 per barrel and West Texas Intermediate (WTI) around $63 per barrel. Factors affecting oil prices: Russian sanctions: The European Union is considering additional sanctions on companies in India and Ch
How soon will Brent cover the gap?
With price wars between Saudi and Russia, to negative oil prices all during the Coronavirus, Oil has had one of its most turbulent year to date. However, deep cuts from OPEC and a resurgence in oil demand has helped oil prices stabilize around the $40 mark – with Brent peaking just under $43.929, ju
- Wui Feng :Bullish or bearish? Sideways😒
Oil Price Forecast: WTI drops below $24.00, 50-HMA, weekly support line in spotlight
WTI Futures on NYMEX fails to extend recoveries from 50-HMA.
A seven-day-old ascending trend line adds to the support.
Buyers look for entry beyond the immediate resistance line.
Having failed to extend the bounce off 50-HMA, WTI June Futures drop to $23.68, down 1.20% on a day, amid the initial fe
