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Saudi Arabia’s growth is expected to slow to 2.1% this year due to production cuts. Meanwhile Russian Crude Prices Via Druzhba Pipeline To Jump 16% After Dam Collapse

Oil price rise to 73.22 from low 71.09, oil price cross MA line looking new resistance, in the history the high price is 74.28 near upper band, and low 67.09

Oil price still dropped to low 70.20 yesterday, oil price now 71.65 at time of writing. There are some reason why oil drop yesterday.
Large inventory and Russian oil cut, Russian crude oil export data in recent weeks have not reflected any cuts—on the contrary, Russian crude oil exports by sea have been rising.

Oil price climbing to 74.29 as Saudi Arabia adding cut production, oil price climbing to 74 as response, however oil price drop again in the same day. Saudi Arabia said it would voluntarily cut its oil production by another 1 million barrels daily next month in a bid to prop up global oil prices.

Monday market, oil price gap price occuring, the price jumped to high 74 from close price 71.76.

OPEC+ meeting June 4 becomes reason why oil price climbing, in the discussion production cut will reach reduced 4.5% global demand.

Sometimes we find shocked moment in the market before realize but is already happen.Risk management aim to protect from uncertainty.

Oil price jumps to higher high from low 67.58 to 71.08. Analyst writing oil price jumps as EIA report inventory build of 4.5 million barrels.

Oil price continue decline on yesterday market, oil price formed low 67.09 and break lower band line.
According analyst, oil price extend to losses because economic data China dissapointed. Can OPEC meeting bring oil price to rise again?

Surprising, oil price dropped again to low below 70 on yesterday market. Oil price drop to low 69.06 from high 73.72.

According analyst from Oilprice, oil price drop because uncertainty US debt ceiling agreement, and more OPEC meeting on June 4 to discuss its own plans for production.

Oil price dropped to low 72.02 on yesterday market after gap at Monday opening. Oil price recover the gap and figure out bearish candle.
Hot news today, Saudi and Russia in tension growing ahead before OPEC+ meeting. Saudi frustrated to Russia because which apparently hasn’t kept its end of the deal and isn’t reducing oil production as pledged.

Gap clearly seen at oil price on opening market today, gap even seen in the daily timeframe. The gap occur roughly above 50 pips.

Hot topic related oil price still about Russian cut production, according bloomberg analyst, Russia isn't cut oil production as promised because shiping oil haven't dropping.

The market is dynamic, we can't control the market, but we can control our risk.
Oil price eventually dropped again to low 70.99 fail to continuing price target 75.
Although Russian Deputy Prime Minister Alexander expect the oil price will reach 80, however the market will determine later.

Oil prices still continue to rise yesterday, it is formed high 74.66 and low 73.10.
According analyst from Oilprice, oil prices rise as EIA report draw. EIA said, U.S. crude oil inventories are 3% below the five-year seasonal average.

Saudi energy minister threaten short sellers. Short sellers will be acutely aware of the upcoming OPEC+ meeting after the group sent oil prices soaring with a surprise cut in April.

Oil price rise to high above 73 after hit low 70.61 in yesterday market, global oil demand rising and Saudi energy minister threaten short sellers becomes reason oil price climbing.

Analyst from Oilprice says, US default weight on, the market respons fear US default make oil price drop. Negotiations on the U.S. debt ceiling have in recent days become the primary bearish factor for oil.
Monitored oil price yesterday low at 70.61, now oil at 72.05.

Monday market, summary oil price last week traded range 70-73. Oil price consolidated near middle and MA line indicating indecision candle.

Senior investor Warrent Buffet bought additional shares in Occidental Petroleum this week. now owns 217,330,133 common shares of Occidental, which are worth around $12.7 billion.

Oil prices still shy to cross middle band line, the price get rejection near middle band line and dropped to 71.50.
Oil prices now still struggle to cross MA line in hourly timeframe.
According Oilprice, Russian's president announce earlier this week the country had decided to slash crude oil production in order to support global oil prices.

Accoirding Oilprice, IEA forecasting oil demand will grow in 2023 by a substantial 2.2 million bpd this year.
Yesterday oil price rose to high 72.27 from low 70.03. Oil prices success crossing MA line looking new high.

IEA says Russia is not cutting oil production as promised. This is because Russian export climbed, and cut oil production 500.000 bps is mark to question.
Oil price dropped to low 70.40 after reached high 71.73. Oil price get rejection near MA line.

According Oilprice, Russian export oil climbing hitting 3.6 million bpd through seaborn nearly going to China and India with the rest to unknown destination in Asia. Russia announce cut production 500.000 bpd, but export continuyst find hard to believe.

Oil price fail to reached support lower band line, the price even rebound and forming lower high. Currently, Oil price consolidating near upper band line. Oil price traded at 71.31 at time of writing.

Iran and Iraq ignoring US sanctions, as result billions in Iraqi funds owed to Tehran have been frozen as an attempt by Washington to pressure Iraq.

Oil price continue decline on last week, expected reached support near lower band.

oil price tries to continue bullish on yesterday market, easing of economic slowdown fears in the U.S become reason Oil gain.

Monday market open, new opportunities back to available.

Oil price the last week tries to wake up after formed pin bar. Expected in the near future oil can reach 72.

Just info, 10 countries with largest natural gas in the world is Rusia, Iran, Qatar, Turkmenistan, Unites States, Saudi Arabia, the UAE, Nigeria, and Venezuela

After heavy drop yesterday, oil price now move flat waiting breakout. Oil price steady near 68 and consolidated in the range bands, indecision market still waiting break high or break low near bands line.

Saudi Arabia cuts oil price to Asia,The cut, to go into effect next month, represents a $0.25 per barrel cut month over month.

Oil price continue sharp decline on yesterday market, oil price dropped to low 63.93 and pullback to 67.
Some analyst confuse because normally falling inventory pump the price to rise, OPEC+ cut production seems gives temporary effect to oil price, fears economic and China falling demand still become reason why oil price plunge

Oil prices sharply dropped from a high of 76 to a low of 71, oil prices cross critical support of 73 and drop heavily only in three hours.
Analyst says economic fears and China's oil demand are disappointing, China included the largest oil importer in the world

Oil price slighthly drop to near 74 and get rejection near lower band line.
According analyst Oilprice, oil price drop because disappointing Manufacturing Data.
Oil price in neutral zone now.

Monday market gives new opportunities to start trading again.
Oil price tries to wake up again after dropped to low near 73, the oil price move below middle band and above lower band now.

Alexander Novak, a Russian Deputy Prime Minister say, more OPEC+ cuts not likely be necessary.
Oil price thick moevement yesterday after drop near lower band line, oil price consolidating near 74 level price.

Profit and loss is two edge coin that never met, how to make often profit is how good traders throw order in the market.It is not always the same.

Oil continue heavy decline yesterday make the price landed low 74.16. In daily the price enter support zone near lower band line.

Guyana oil discoveries could make the country be fastest growing economic in 2023, IMF predicted.

The rainfall is not all round place, profit and loss in trading could be vary everyday trading.

Oil price still tries to continue decline, yesterday oil price formed lower low below MA and middle band line. oil price now at 77.18.

US banks included Citigroup, Bank of America, and Wells Fargo faced pressure to cut funding fossil fuel to make climate friendly

Russian oil export remain high despite production cut, Oilprice reported Russian export 3.4 million barrels per day (bpd) in the week to April 21 despite the 500,000 bpd production cut. Oil price now traded at 78.53 rising from low 76.66.

Happy Eid to all Muslims.

Oil prices continue to decline on the Friday market to a low of 76.66. oil price crosses the MA line and middle band line.

Putin and the Crown Price of Saud, Mohammed bin Salman discuss via telephone to deal agreement on OPEC+ output quoted by Reuters.

The possible support is based lower band near 72, while in the hourly timeframe, the oil price still tries to cross the middle band line to continue bearish.