Crude oil has continued its recovery, climbing to the highest level since March 2020, boosted by a combination of draining inventories, ongoing production cuts, and dollar weakness.

Technically, the rally in oil is showing no signs of weakening or fatigue.... (More)

Crude oil on the MCX is breaking out of a falling channel today.

Daily RSI is also breaking out of a 5-month trend line, indicating strengthening momentum.

If it closes above the channel resistance of 3000, we could seen oil... (More)

MCX Crude oil is hovering right at the support line of a Rising Wedge pattern as well as at the 200-day SMA. Given the confluence of two key supports near 2830, sustainability below this level could trigger a short term... (More)

What drives crude oil prices?

• Crude oil prices react to a variety of geopolitical and economic events
• World oil prices move together due to arbitrage
• Crude oil prices are the primary driver of petroleum product prices
• Economic growth has a... (More)