Trump posts wildly deceptive chart on oil prices
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The 50-day moving average for Brent futures topped $100 for the first time in more than four years, and is the farthest above the 200-DMA since 1990 Brent crude futures charts produced a technical pattern that hasn't been seen in 36 years, and what that ...
Oil futures surged to a five-month high Monday morning after the U.S. struck Iranian nuclear facilities over the weekend but fell sharply later in the day amid optimism that an escalation of the conflict in the Middle East could be avoided. The commodity ...
U.S. gas prices are surging as the Iran war drives up the global cost of oil. But what exactly accounts for what you pay at the pump?
The US has spent the past two decades insulating itself from oil price shocks, Deutsche Bank chief US economist Matthew Luzzetti wrote in a recent note to clients. But as three charts from Luzzetti show,
Oil price tests the same setup that crashed Brent in April, but Goldman's $90 floor and a collapsing put-call ratio disagree with the chart.