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
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
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
EIA Reports -1.662 Million Barrel Draw On U.S. Supply
Since the EIA weekly inventories report went public (about three hours ago at press time), July WTI has rallied $0.70. Full Article
WTI Crude Oil Trades Weak But Set For Third Straight Week of Gains
WTI crude oil prices are weakening early on Friday, continuing their decline from the previous session as markets focus on oil demand Full Article
WTI Crude Oil Slips as US Crude Inventories Rise
WTI crude oil futures are trading bearish after posting some gains in overnight trading during the previous session as a result of an Full Article
WTI Crude Oil Steady as Oil Production in Gulf of Mexico Impacted by Storms
WTI crude oil is set to start the brand new week on a cautious footing, with prices holding steady over worries of possible supply Full Article
WTI Crude Oil Strengthens to Near Three Month High as OPEC Meeting Approaches
WTI crude oil prices soared close to the highest levels seen in nearly three months over reigning hopes that OPEC and allies could agree to Full Article
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