Forecasts & Technical Analysis

BrokerTrending provides you with the latest oil forecast by our financial analysts, including news, fundamental analysis and outlook.

Oil prices give up gains and turn lower during trading

Oil Prices – 13th August 2020 Oil prices retreated during Thursday’s trading, giving up the gains it had recorded earlier today, despite the dollar’s decline against most major currencies. “OPEC” had mentioned in its monthly report expectations that global oil demand growth will contract by 9.1 million barrels per day this year compared to its […]

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Oil prices is falling due to concerns about US economy

Oil prices expanded from its decline with opening of US market on Friday, to continue its losses for the second day in a row, away from the highest level in five months, with continued corrections and profit taking, in addition to growing concerns about the recovery of US economy from  pandemic of Coronavirus, especially after […]

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Oil price extends losses to settle below $40 level

Oil Price Forecast: 30th July 2020 The oil price fell during Thursday’s trading and increased its losses in light of the release of weak economic data that raised concern about global demand and the extent of the damage caused by the Coronavirus crisis. Government data revealed that the German GDP shrank in the second quarter […]

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