Logo-color Logo-white

Yesterday, the monthly oil market review was published: → OPEC expects global oil demand to increase by 2.25 million barrels per day (b/d) in 2024, representing a 2.2% increase compared to 2023. → In 2025, OPEC predicts a demand increase of 1.85 million barrels per day, reaching 106.21 million barrels per day. It is anticipated […]

The post OPEC Forecasts an Increase in Oil Demand in 2024 appeared first on Action Forex.

previous

WTI Oil Futures Swing Within Neutral Triangle

next

The Beats of Their Own Drums

Read More

09/04/2024

EURJPY Rises Towards 16-Year High

EURJPY rebounds off uptrend line Price holds above SMAs Oscillators indicate more bullish movements EURJPY is climbing higher after the turning point near the medium-term ascending trend line and is moving towards the 16-year high of 165.36. The market has been developing within an uptrend since December 7 with the technical oscillators confirming an upside […]
08/07/2024

Oil Price Update – Oil Prices Fall as Gaza Talks and Hurricane Beryl Take Center Stage

Geopolitical events and weather disruptions are currently the main drivers of oil price fluctuations. OPEC+ production cuts have contributed to tighter oil markets, supporting prices. Can it continue? Technical analysis suggests key support and resistance levels to watch for future price movements. Oil prices have retreated sharply since printing a fresh high on Friday. Gaza […]
14/03/2024

GBP/USD: Remains Constructive Ahead of US Data

Cable is probing above 1.2800 mark in early Thursday, adding to initial signals that shallow correction from new 8-month high (1.2893) might be over. Two-day pullback was contained by rising 10DMA, with strong downside rejection on Wednesday, pointing to solid bids and signaling that larger bulls remain firmly in play. Technical picture on daily chart […]