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WTI crude oil price forecast after the newest Saudi Arabia production cut

Saudi Arabia will cut oil production by another 1 million/day in July
WTI crude oil price barely reacted
The technical picture remains bearish, and the $60 support level is a pivotal one

June 7, 2023

Saudi Arabia to further cut oil production: ‘new norm will be $80 to $90’

June 5, 2023

Energy pro predicts that Brent crude oil price could crash by 16%

June 1, 2023

Trending news

5th June Saudi Arabia to further cut oil production: ‘new norm will be $80 to $90’

7th June WTI crude oil price forecast after the newest Saudi Arabia production cut

1st June Energy pro predicts that Brent crude oil price could crash by 16%

15th May Magellan Midstream stock opened 15% up today: explained here

15th May As Oneok acquires Magellan, here are the best MLP stocks to buy

More breaking stories

Magellan Midstream stock opened 15% up today: explained here

Magellan Midstream stock opened 15% up today: explained here May 15, 2023

As Oneok acquires Magellan, here are the best MLP stocks to buy

As Oneok acquires Magellan, here are the best MLP stocks to buy May 15, 2023

Saudi Aramco stock unbothered despite a hit to profit in Q1

Saudi Aramco stock unbothered despite a hit to profit in Q1 May 9, 2023

Oil price outlook: RBC’s Helima Croft sees recovery ahead

Oil price outlook: RBC’s Helima Croft sees recovery ahead May 8, 2023

Should you buy Shell stock on solid Q1 profit?

Should you buy Shell stock on solid Q1 profit? May 4, 2023

Tullow Oil, Harbour Energy share prices plunge as oil dives

Tullow Oil, Harbour Energy share prices plunge as oil dives May 4, 2023

Crude oil prices sell-off intensifies after Kremlin drone attack

Crude oil prices sell-off intensifies after Kremlin drone attack May 3, 2023

BP share price outlook ahead of Q1 earnings: buy, hold, sell?

BP share price outlook ahead of Q1 earnings: buy, hold, sell? May 1, 2023

Zoltan Pozsar and George Gammon’s differing views on the next commodities super cycle

Zoltan Pozsar and George Gammon’s differing views on the next commodities super cycle April 30, 2023

Here’s what Exxon CEO had to say on the company’s Q1 earnings

Here’s what Exxon CEO had to say on the company’s Q1 earnings April 28, 2023

What is carbon credit investing? An intro into what drives this novel asset class

What is carbon credit investing? An intro into what drives this novel asset class April 26, 2023

MXN/USD price forecast as the Fed gets closer to the terminal rate

MXN/USD price forecast as the Fed gets closer to the terminal rate April 20, 2023

Exxon stock price forecast: UBS sees 25% upside from here

Exxon stock price forecast: UBS sees 25% upside from here April 19, 2023

EUR/JPY bullish momentum should continue according to the Elliott Waves theory

EUR/JPY bullish momentum should continue according to the Elliott Waves theory April 19, 2023

Oil price outlook: ‘we’ll see prices push a little higher from here’

Oil price outlook: ‘we’ll see prices push a little higher from here’ April 13, 2023

Is oil really headed for $100 a barrel again?

Is oil really headed for $100 a barrel again? April 12, 2023

Exxon stock jumps after Pioneer acquisition talks

Exxon stock jumps after Pioneer acquisition talks April 12, 2023

Kinder Morgan vs Enbridge: Which is a better stock to buy?

Kinder Morgan vs Enbridge: Which is a better stock to buy? April 7, 2023

USD/RUB: Here’s why the Russian ruble could slip to 100

USD/RUB: Here’s why the Russian ruble could slip to 100 April 7, 2023

Brent crude oil price forecast according to Wall Street analysts

Brent crude oil price forecast according to Wall Street analysts April 6, 2023

Crude oil price prediction as OPEC+ announces a surprise production cut

Crude oil price prediction as OPEC+ announces a surprise production cut April 3, 2023

BP, Shell, Harbour, Tullow shares jump as crude oil prices rebound

BP, Shell, Harbour, Tullow shares jump as crude oil prices rebound April 3, 2023

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