Crude Oil WTI

WTI crude oil prices are taking a breather following the strong winning stretch from last week. Price action is largely muted, even failing to post any new highs. As a result, oil prices are confined within last Friday's range. Since the…
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Oil prices continue to push higher with prices settling near 52.60 last Friday. It marks the highest levels since February. The gains also come with nine weekly consecutive gains so far. With price action cutting past the trendline from…
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Oil prices are on track to post a third consecutive daily gain. Price action has breached past the $50.00 level on 6 Jan. However, the current pace of gains tests the trendline from below. This could mean that price action could make a…
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Crude oil prices have started 2021 on a strong footing with prices surging higher in response to a firmly bullish report from the Energy Information Administration. Inventories  Drop The EIA reported that in the week ending Friday,…
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WTI crude oil touched $50.00 a barrel on Wednesday in the early Asian session. The gains came after the OPEC+ meeting saw Saudi Arabia cutting oil output by one million barrels per day. The rise to $50.00 marks the first time testing…
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Oil prices are bullish on Tuesday, rising over 5% intraday. The gains come on the second day of the OPEC+ meeting. Saudi Arabia, alongside other countries, opposed Russia's proposal of raising production. The current gains in oil prices…
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Oil prices rose to multi-month highs on Monday in anticipation of the OPEC+ meeting. Furthermore, tensions in the Middle East also added to the bullish fundamentals. Prices rose to highs of 48.97 before giving back the gains. For the…
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Oil prices are trading flat ever since prices touched intraday highs of 49.29 on December 21. Since then, oil prices pulled back and are trading in a sideways range. For the moment, this sideways range is likely to continue. However,…
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WTI Crude oil prices managed to hold up the intraday gains for the most part. However, by the late European session, the commodity was seen giving back those gains. Oil prices are down about 0.35% intraday. The declines come as oil…
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Trump Appeals for Larger Stimulus The US dollar dropped by 0.24% yesterday, falling back to the lowest levels seen since April 2018. Progress on additional US stimulus saw fresh selling and a move back below the 90.00 mark. This…
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