WTI: Crude Oil Day Intraday Rally Turns South – Weekend Risk May Send Market Higher Next Week
The market got off to a strong start in today’s session, with WTI rallying almost $2 per barrel. But the sentiment changed during the New Yo Full Article
WTI: Crude Oil Rallies After Positive Data from US & China Boosts Demand
WTI futures continued to rally today as we received positive economic data from the US and from China on Sunday as well as today. Full Article
WTI: Crude Oil Extends its Rally – Market Awaits OPEC+ Meeting
WTI rallied over $1.30, or 1.6%, today as the market hears of strong US economic data and a surge in imports from Asia, with China and India Full Article
WTI: Russian Government Tells Refineries to Cut Production by June
Unnamed sources told Reuters that the Russian government had told produces of crude oil to cut production to 9 million bpd. Full Article
WTI Retraces to Important Support Level – Bull Trend Intact
Baker Hughes Oil Rig Count came in lower than last week at 509 from 510, the market’s reaction was bearish. Full Article
WTI Recovers from its Open – On Set to Confirm Breakout of Major Resistance
Crude oil prices opened on low from yesterday’s close but managed to gain momentum to confirm the breakout candle from yesterday. Full Article
Crude Oil Price Forecast: China’s Demand Worries and OPEC+ Cuts Shape Market
Crude oil prices have retreated from their recent highs at the outset of the week, primarily due to concerns over subdued demand from China Full Article
Crude Oil Weekly Forecast: Surging on Chinese Recovery and Inventory Surprise, Eyes on $77.78 Mark
The Crude Oil (USOIL) price forecast concluded the week on a downward note at $77.78, representing a 2.47% decline amidst volatile market dy Full Article
WTI Set to Close for a Second Successive Monthly Rise
WTI looks set to close the month higher for the second time in two consecutive months. Three sources report that OPEC to extend cuts. Full Article
Crude Oil Forecast: WTI Nears $78.50 Amid Rate Hike Concerns and OPEC+ Moves
West Texas Intermediate (WTI) crude prices experienced a downturn, trading at approximately $78.50 per barrel in the Asian session Full Article
OPEC Cuts Agreed on Late 2023 Take Effect, Saudi Arabia Releases Data for Dec 2023
The bullish momentum gained today as OPEC realesed export data showing a sharp decline in crude exports for Q4 & Dec 2023. Full Article
WTI Extends Rally Despite Weak US Production Data
WTI rallys despite US industrial and manufacturing production data, both released lower than expected. Full Article
WTI Crude Oil Dips Below $77 Amidst China’s Real Estate Crisis and Global Central Bank Policies
West Texas Intermediate (WTI) crude oil witnessed a significant decline of over 1.50% on Monday. This downtrend was primarily influenced by Full Article
Top 4 Brokers