Crude oil surged to 79.38, breaking resistance and confirming strength, but overbought signals suggest a possible pullback or consolidation before further gains.
Commercial crude stockpiles are estimated to have fallen by 1.1 million barrels to 413.5 million barrels in the week ended Jan. 10, according to the average forecast of 10 analysts and traders. Seven ...
The EIA predicts lower oil prices in 2025 and 2026 due to rising production and OPEC cuts, but the recent sanctions on Russia kept oil prices from falling.