🛢Oil down for a second day 🔻🔻

Oil prices are moving lower again on Thursday, despite the latest DOE report showing huge declines in inventories and US output. These declines were hurricane related but the market rumour is that the output is recovering very quickly and that the hurricane will not have a lasting impact on supply.

Both OIL and OIL.WTI decline by nearly 1% following a major sell-off on Wednesday and despite euphoric gains on indices. OIL.WTI attempts to break out of the upwards sloping channel – a move that technically could provoke a more significant correction.

30 September 2026, 6:42 PM

📊Daily Summary: PCE inflation slowdown brings relief to Wall Street, but oil continues gains despite return of supply

30 September 2026, 5:42 PM

⚪Platinum: surplus returns after three years of deficit, and price falls below key support. Is there a chance for recovery?

30 September 2026, 3:43 PM

BREAKING: Drop in distillate stocks encourages oil to rebound

30 September 2026, 7:45 AM

Morning Wrap: AI drives Nikkei 225 gains, oil prices decline (30.09.2026)

Commodities Technical analysis

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