WTI bears are holding the fort at $81.00 which guards the key structure of $83.30. While below resistance, there are prospects of a move lower into...
The WTI M-formation is in play in a thin choppy trade on Monday. Daily chart parameters keep the price stuck in a range, testing daily trendline...
Oil prices have turned sideways after failing to extend recovery to near $80.00. The black gold price has not run out of steam as the US...
WTI got bolstered by a soft US Dollar, though it struggled to break above solid resistance. The deceleration in the US Consumer Price Index (CPI) and...
WTI rallied more than 3% due to increased optimism on China’s re-opening. An increase in US stockpiles was not an excuse for WTI to continue to...
WTI bulls pullback in Asia, but themes are upbeat as China reopens borders. China issued a fresh batch of import quotas, a signal that the world’s...
WTI remains on the front foot around intraday highs. China reopening, PBOC’s Shuqing propel expectations of higher energy demand. US data triggers economic slowdown fears, weighs...
WTI is set to end the week with substantial losses of 8.40% The jobs report showed a slowdown in wages, while the labor market remains resilient....
Oil price is displaying a sideways auction after a perpendicular fall. Solid US payroll data is acting as a twin-edged sword for the oil price. Upside...
WTI trims some of its 9% losses incurred during the week and reclaims the $73.00 mark. Recessionary fears sparked by weak PMI readings in China and...
Western Texas Intermediate erases last Friday’s gains, tumbles more than 3%. Technical factors and China’s Covid-19 crisis increased traders’ worries about diminishing oil demand. WTI Price...
Oil price is likely to climb above $81.00 as China’s reopening measures secure firmer long-term demand. An announcement of an oil supply ban from Russia has...
According to the findings of a recently conducted Reuters poll, the barrel of west texas Intermediate (WTI) is expected to average $84.84 in 2023, down from...
WTI remains mildly bid after three consecutive days of downbeat performance. Bullish candlestick formation, sustained bounce off 21-DMA favors buyers. Previous support line, 50-DMA challenges immediate...
Crude oil prices are up on Tuesday, helped by the ruling optimism that pushes most stock markets into the green. Easing Chinese covid-related restrictions, as the...
WTI picks up bids to refresh three-week high. Bullish MACD signals, clear break of previous resistance line favor buyers. Descending resistance line from June, 100-EMA challenges...
Russia announced it might cut oil output early in January. US markets are due to close earlier on Friday amid the Christmas holidays. WTI retreated modestly...
WTI crude oil picks up bids to portray a three-day uptrend. US Dollar bears the burden of BOJ-inflicted bond selling. Surprise fall in API inventories, upbeat...
WTI bulls are making a last-ditch effort to break the $75.00 resistance. Bears are still in control while price remains on the front side of the...
WTI crude oil fades bullish bias at one-week high, stays pressured at intraday low of late. OPEC defends annual oil demand forecasts but cuts quarterly projections...