8:37 AM · 3 September 2020

🛢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.

23 July 2026, 8:29 AM

Oil rises over 3% 🛢️

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22 July 2026, 4:45 PM

Cocoa loses 5% amid rising inventories on ICE

22 July 2026, 4:18 PM

Oil gains 3% amid US - Iran escalation and supply disruption on the Black Sea

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