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...
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...