Share: Oil price opens the week lower on concerns global trade may be impacted by geopolitical wrangling at G7 summit. China provokes the United States by...
Share: WTI bulls move in for the kill from support. The $72s are on the bulls radar. WTI is trying to correct but remains down on...
Share: Oil price rises amid optimism that a deal on the debt ceiling will be reached, averting a financial crisis and securing future demand. The US...
Share: WTI crude oil remains firmer inside one-week-old symmetrical triangle, eyes first weekly gain in five. Firmer RSI (14) line, not overbought, joins sustained trading beyond...
Share: WTI sinks despite the upbeat mood on Wall Street. US oil is down by some 0.9% meeting a new low on the day of $71.47....
Share: Oil price trades with losses as the US Dollar strengthens on hawkish Federal Reserve speeches, US debt-ceiling uncertainty. Data showing a greater-than-expected rise in inventories...
Share: WTI picks up bids to rebound from weekly low, snaps three-day downtrend. US Dollar pullback, hopes of more demand from China supersede bearish EIA Oil...
Share: WTI extended its losses to three consecutive days below $80.00 a barrel. US EIA reported that stockpiles had risen the most since June 2021. WTI...
Share: Hello Traders in this blog we will see how CL_F Crude Oil Futures found support from equal legs area and reacted higher within wave 2....
Share: WTI extends pullback from two-week high amid sour sentiment. Tensions surrounding unidentified objects, the hawkish Fed weigh on commodity prices. OPEC expects upbeat energy demand,...
Share: Oil installations around Turkey and Syria had reported no or minor damages, which capped WTI’s drop. Fed hawkish commentary capped WTI’s rally toward $80.00. WTI...
Share: Western Texas Intermediate got bolstered as the US Dollar weakens on soft US Fed Powell remarks China’s reopening and Turkey’s earthquake are one of the...
Share: Western Texas Intermediate recovers some ground even though the US Dollar remains buoyant. IEA’s director commented that China’s reopening would drive oil prices. WTI Technical...
WTI picks up bids to snap three-day downtrend at monthly low. Bearish MACD signals, previous support line challenges buyers. Upside appears doubtful below 100-DMA, descending trend...
“Oil producers may have to reconsider their output policies following a demand recovery in China, the world’s second-largest oil consumer,” International Energy Agency (IEA) Executive Director...
WTI is set to finish the week with more than 2% losses. Factors like solid US jobs data and the EU’s embargo on Russian oil-related products...
WTI braces for first weekly loss in three on breaking 50-SMA, fortnight-long trend line. U-turn from two-month-old resistance, bearish MACD signals also keeps sellers hopeful. Ascending...
WTI oscillates in a limited territory around $81.50 amid the absence of a potential trigger. The upside in the oil price is capped amid rising worries...
WTI retreats from intraday high, consolidates gains during two-week uptrend. Hawkish Fedspeak, downbeat US data underpin economic slowdown fears even as China demand puts a floor...
WTI picks up bids to approach short-term key hurdles during its second consecutive weekly gain near 1.5-month high. Successful trading above two-week-old ascending trend line, upbeat...