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...
WTI printed fresh bear cycle lows on Friday. Focus is on TC Energy and the price of Russian crude trading below the $60/bbl cap. west texas...
Australian Prime Minister Anthony Albanese announced on Friday, a A$1.5 bln bill relief support for businesses and households on energy. Additional takeaways Announces price cap for...
WTI prints mild gains at lowest levels in 2022, snaps four-day downtrend. Russian President Vladimir Putin’s comments, China’s easing of Zero-Covid policy favor bulls. Fears of...
Russian Deputy Prime Minister Alexander Novak said on Tuesday, “Russia might reduce oil production, but not by much. Additional quotes “Oil production in Russia in December...
WTI price is on the back side of the channel, so that is longer-term bullish. The WTI H4 M-formation is bullish and a break of the...
Following a meeting where the OPEC and its allies (OPEC+) decided to continue its existing policy, Kuwait’s oil Minister Bader al Mulla said late Sunday that...
Oil prices are displaying sideways auctions ahead of Fed Powell’s speech. The US API has reported a drawdown in oil inventories for the third consecutive time....
WTI bears are moving in at a critical juncture. A break of horizontal support leaves the downside exposed. West Texas Intermediate is higher on the day...
WTI extends the previous day’s corrective bounce off the yearly low. Downbeat daily infections, support measures for real-estate firms favor markets in China and abroad. Rumors...
China’s coronavirus crisis weighs on WTI price, on speculations of lower demand. The Eurozone threatening to impose a cap on Russian and a buoyant US Dollar...
WTI picks up bids to extend the previous day’s rebound from 10-month low. G7 discusses price cap level on Russian oil, Moscow threatens gas supply cut...
Reuters reported that the Group of Seven nations should soon announce the price cap on Russian oil exports and the coalition will probably adjust the level...