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The current pattern ... that oil has historically traded higher by the end of August in 73% of election cycle years, like 2025. This looming geopolitical squeeze, combined with seasonal strength ...
However, a break below $66 could continue the downward trend for oil prices. Oil 4-Hour Chart – Triangle Pattern The 4-hour chart also reveals a triangle pattern formation, indicating bearish ...
"After a soft start to the 2024 driving season, U.S. crude oil demand has improved and is now in-line with its typically strong seasonal pattern." Indeed, the U.S. four-week consumption average ...
While oil prices struggle under geopolitical uncertainty and stockpile data, natural gas receives bullish momentum from seasonal demand ... within a bearish pattern. The support level is around ...
Brent traded above $66 a barrel after jumping 4% last week, while West Texas Intermediate was near $64. Negotiators from the ...
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