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Oil price climbing higher on yesterday market, oil price hit 79.16 because market tightens according analyst, OPEC cut oil production still gives impact. FOMC news becomes concern in this week. U.S. Fed is expected to raise rates yet again. FOMC news could gives impact into oil price later.

The energy minister of the United Arab Emirates (UAE) Suhail al-Mazrouei, says the current moves of OPEC+ to cut oil production are enough to support the market. oil price now traded in the bulls sentiment above moving averages 20 days in daily timeframe.

Russian oil and gas revenue May jump by 60% in July. Russia's revenue from oil and gas sales may increase by around 60% in July from May receipts to 844 billion roubles ($9.3 billion), Oil prices traded near 75 level prices, the prices fail to reach MA line.

China oil import hit new high. China is importing oil at near-record levels while its domestic product has also increased. China’s oil imports in June jumped 45.3 percent on the year to the second-highest monthly figure on record, with refiners building up inventories despite weak domestic demand. Oil imports in June totaled 12.67 million barrels per day–a sharp increase from a year ago. Oil price declined on yesterday market, the oil price dropped from yesterday's high 76.81 to low 75.00

The UK has launched a competition for small modular reactor technology and created a new nuclear body.
Russia’s crude oil exports by sea fell to 3.1 million barrels per day (bpd) on a four-week average basis in the four weeks to July 16, down by 105,000 bpd from the four-week average to the previous four weeks to July 9.
Oil price jumped from low 73.79 into high 75.85

Kuwait as one OPEC member aims to elevate its oil production capacity from 2.7 million to 3.15 million bpd within four years.
Oil price continue dropped now near 74.04. MA lie could be dynamic support in the uptrend market.

Russia to preparing export less oil in August. Russia would by 500,000 bpd in August in a bid to ensure a balanced market, and the reduction in exports would come from a further 500,000-bpd cut in oil production.
Oil price now traded at 74.76 face decline on end days last week market, small gap occurs on oil price today. Open price below previous close price of candlestick.

OPEC’s expectation for this year’s oil demand is an upward revision of 100,000 bpd from last month’s forecast.
Oil price continue bullish and formed new high 77.13,

Oil price continues to rise and reach high 75.90 on yesterday market. OPEC + cut production mainly Saudi Arabia still becomes reason behind soaring oil price. In 17 April based on chart histories oil price record high 84.53.

Oil price rally and hit a high 74.82 on yesterday market. According Goldman Sachs' Jeff Currie, OPEC+ cut oil production beginning impact into oil market, and China's demand back into 15.9 million barrels per day, time spreads are tightening.
Oil price break upper band line gives sign the market increasing volatility.

Analyst says Saudi Arabia voluntary cut oil production are projected to reduce its economic growth to 2.1% this year.

Oil prices on yesterday hit a high 74 but and back to consolidated near upper band line with possible resistance 74 and support 72.50 target in near term.

Venezuela looks to pay down $20 Billion In U.S. debt with oil exports. The opposition party in Venezuela is working up a proposal that would see 200,000 barrels of crude oil per day exported to a trustee, who would then pay creditors who have laid claim on various Venezuelan assets abroad.
Oil price eventually break upper band line and climbing above 73 level price. OPEC member Saudi Arabia to extent production cut becomes reason behind the oil price rising.

OPEC member Saudi Arabia hiked oil prices in Asian market a day after announce to extent oil cut production. Arabia has increased the premium of its flagship Arab Light crude to $3.20 a barrel for August.

Oil price yesterday forming high 72.32 and pullback again to 71.77. Oil prices still in the Bolllinger band line trading range.

Russia’s oil and gas revenues dropped by 26.4% in June compared to a year earlier and 7.4% compared to May 2023.

Oil price rise higher yesterday on 72.18.Bollinger band draws flat indicating sideways market where the prices trading range roughly 75 and 67 level prices.

Oil price now traded near 71 above MA line on hourly timeframe. Oil price yesterday rise from low 69.91 to high71.37.
Analyst says oil price modestly move higher because Saudi Arabia to extent its voluntary oil production cuts through August.

Some Indian refiners starting to paying Russian oil using Chinese Yuan. Russian seeks alternatives to the U.S. dollar amid the sanctions while India looks to buy crude at discounts. India is big importer Russian oil.

Oil price yesterday hit high 71.79 and low 69.74, oil price back to move near MA line.

Monday market open, oil prices move near middle band, MA line flat indicating sideways prices still in zone 75 and 67
Oil price still below 75, analyst said OPEC locked into supply cuts because oil prices still below 75.

Oil price back to 69.38 after previous drop low 67.13 near lower band line.
According analyst oil price rising after EIA report inventory draw of 9.6 million barrels for the week to June 23.

Oil price under pressure on yesterday dropped to low 67.56. Oil price now move near lower band line at 67.85

Oil price dropped because market concern on sluggish U.S. demand despite geopolitical uncertainty in Russia and promises of more robust economic stimulus measures from China.

Oil prices steady move near MA line on yesterday market draws doji.
Russian president Vladimir Putin signed decree to extends banning oil companies that set price cap by Western until end 2023.

Last week oil price shaped pin bar candle, the price dropped low 67.37 and rebouncing 69.61 with close price 69.43. Oil price back near middle band line now. According Oilprice Middle East oil price soaring amids elevated demand from Asian refiners in nations including Japan and China could increasing oil prices

Oil price slumped after Jerome Powell told the congress that further interest rate hike are coming. In other side Bank of England surprising market with hiked interest rate 50 basis point to combat inflation.

Oil price now traded below middle band line at 69.47. MA line flat indicating the market in sideways.

Oil price rising and reach high 72.68 from low 70.76 on yesterday market.
The Fed meeting becomes a reason oil price back to near previous high, market expects Powell to give a detailed rationale of last week’s Fed decision to hold interest rates unchanged after 10 consecutive Fed meetings that ended with rate hikes.

Oil price dropped again and fail to reach 74 level prices. Analyst Oilprice writing oil price drop because China's demand fears in uncertainty.
Despite Russia's crude oil export drop, however still higher than they was set to cut production in February. Oil price still traded on the range 70 and 72

Oil price steady near 71 level price on yesterday market, Saudi Arabia oil export dropped to a five month low in April. Oil export slumped to 7.32 bpd in April the lowest level in the five months according Oilprice.

Warren Buffet increasing invesment in Japan, when he traveled to Tokyo and increased his investment in five of Japan's trading houses. A press release from the company Monday detailed that Buffett has further increased his stake in the trading houses.

No gap in Monday open, oil price seems normal chart, oil price now 71.57 at time of writing move above MA line.
Iran oil export hit 5 year high amid US sanction, and Russia sees realistic oil price is 80 in this year.

The European Central Bank (ECB) has hiked interest rates by 25 basis points to 3.5%, the highest level in 22 years on Thursday.
Oil price climbing from low 68.12 to high 71.13 cross MA line landed near middle band.

Oil price get rejection near MA line on 70.62, oil price drop to 68.23 after hit dynamic resisntance MA 20 lines.
JP Morgans, the analyst significantly reduced oil price forecast from 90 to low 81 in this year

Oil market bounce back to 89 level price after dropping low 66.92.
According Oilprice oil traders ignoring Saudi Arabia to watch out speculating oil market. The Fed meeting ahead also become concern oil traders.

Oil price heavily dropped and break lower band line, it's formed long body bearish candle with small shadow indicating strong downtrend.
Oil price fall amid upcoming the Fed meeting has analysts on edge about another potential interest rate hike.

Monday market open, oil price looks new support.

Relation Saudi and US has been sour,Pentagon paper showed Saudi Arabia's Crown Prince Mohammed bin Salmon threatened the United States with economic calamity over oil production decisions.

Oil price highly volatile on yesterday market, it is forming long body bearish candle with long shadow at bottom candle.
Oil price now traded 71.09, tries to retrace from low 69.12. Despite Suadi cut production, seems the market still not too much response positively, it is move in the range 74 and 67.