Share: WTI Crude Oil prices extend the upward trajectory and climb to a fresh YTD peak on Wednesday. The technical setup favours bullish traders and supports...
Share: WTI gains momentum near $87.00, the highest since November 2022. Saudi Arabia and Russia will extend oil supply cuts to 1.3 million bpd through the...
Share: WTI trades at $86.62, bolstered by Saudi Arabia and Russia’s commitment to cut production by 1.3 million barrels until year-end. Positive economic data from China...
Share: WTI rose more than 0.70% on Friday, near $88.00, but indicators on the daily chart started to flash exhaustion signals. Tighter supply acts as a...
Share: Saudi Arabia and Russia extended their crude oil production cuts, reducing supply by 1 million and 300K barrels, respectively. According to a Reuters poll, American...
Share: WTI Crude oil trades lower due to the reduction in the Chinese services economy. Market optimism buoyed by China’s fiscal measures has strengthened oil prices. OPEC+...
Share: WTI found support at $85.32 and then settled around $85.50. Investors continue to asses the US’s August NFPs released on Friday. OPEC expected to extend...
Share: WTI prices are bolstered by the falling crude oil inventories, oil production cut by Russia and Saudi Arabia. The concerns about the economic slowdown in...
Share: Saudi Arabia expected to extend its 1 million bpd output cut into October. Russia agrees with OPEC to cut exports next month. Positive business activity...
Share: Brent Crude prices stand at around $85/bbl, about 3% below the year-to-date highs reached on 9 August. Oil price declines mask improving fundamentals, economists at...
Share: WTI crude oil fades bounce off two-week low, sidelined of late. China’s Evergrande files for bankruptcy protection and bolsters debt woes amid economic fears about...
Share: WTI increased more than 1% on Friday and found resistance near $81.30, above the 20-day SMA. US Oil and natural rigs decreased for the sixth...
Share: WTI dropped 0.95% as China’s rate cut and push for increased lending reflect a slowing economy. Saudi Arabia’s July oil shipments to China see a...
Share: WTI crude oil takes offers to refresh intraday low, extends week-start losses. Fears of China’s slowing economic recovery, banking woes in US and concerns about...
Share: WTI trades in negative territory for the third consecutive day. China’s economic woes exert selling pressure on WTI prices. Oil traders await US PMI, the...
Share: WTI climbs to $78.80 per barrel, up 0.39%, as hawkish comments from the Fed initially dent but later fail to suppress oil prices. Iran announces...
Share: WTI crude oil recovers from key EMA confluence within 13-day-old falling wedge bullish chart formation. Steady RSI, bearish MACD signals and 4.5-month-old horizontal resistance area...
Share: WTI crude oil prints the first daily loss in three while retreating from short-term key resistance line. Convergence of 200-day EMA, 50-day EMA puts a...
Share: WTI edges lower to $79.85 after retracing from $80.65 amid the fear of China’s growth rate, potential US interest rate hikes. A tighter supply caused...
Share: WTI crude oil extends the week-start retreat within a fortnight-old bearish channel. Downside break of rising support line from Wednesday, looming bear cross on MACD...