Crude oil holds firm above $65.38 pivot. Traders eye demand catalysts vs rising Venezuelan supply. Outlook stays bullish with key support intact.

Brazil has revised its crude oil reference pricing rules to boost royalty revenues, aiming to collect more from oil producers amid a broader effort to improve public finances.

Brent crude oil prices hit their all-time high of $147.50/bbl during the oil market boom in July 2008. However, WTI futures contract prices dropped to as low as negative $40/bbl on April 20, ...

Outlook improves as crude oil holds dynamic support, setting sights on 200-Day MA resistance challenge.

Oil prices rose 1% on Thursday as U.S. crude draws and expected cuts to Russian gasoline exports overwhelmed news that oil major Chevron will gain U.S. approval to renew production in Venezuela.

The conflict-driven risk premium-estimated between US$ 10-15-has largely dissipated, with no signs of supply disruptions through the strategic Hormuz Strait or within Iran.

West Texas Intermediate (WTI) crude oil futures are trading near $65.79 as of Thursday afternoon, recovering from a recent four-session decline. The modest rebound comes amid signs of easing trade tensions between the U.S. and European Union, alongside stronger-than-expected inventory data from the Energy Information Administration.

October micro crude oil futures (CLV25) present a buying opportunity on more price strength. See on the daily bar chart for October crude oil futures that prices remain in a choppy uptrend from the April low and the bulls have the overall near-term technical advantage.