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Share: WTI is seeing some back-and-forth for Friday. US Crude Oil barrels bounding between $85.00 and $83.00 per barrel. Oil markets remain concerned about Middle East tensions, but global slowdown hard to ignore. West Texas Intermediary (WT) Crude Oil barrels are seeing some tension in the midrange on Friday, in play between $85.00
The WTI crude oil settles above the August high of $84.85 The price of WTI crude futures is settling at $85.54, up $2.33 or 2.80%. That is above the August high of $84.85 tilting a bias more to the upside. Looking at the daily chart, the low prices this week stalled the fall near the
OIL PRICE FORECAST: Oil Slips on Demand Fears as US Exports and Imports are on a Steady Decline. Middle East Tensions Ease but Geopolitical Risk Remains and Will Keep Markets on Edge Moving Forward. IG Client Sentiment Shows Traders are 76% Net-Long on WTI at Present. To Learn More About Price Action, Chart Patterns and
Share: Crude oil prices surge as the US to purchase 6M barrels of crude oil for the SPR. Escalating fears over the Israel-Gaza conflict are underpinning the oil prices. Temporary suspension of US oil sanctions on Venezuela is anticipated to not prompt immediate policy adjustments from the OPEC+ alliance. Western Texas Intermediate (WTI)
After settling for TWO successive days at the same level, the price of WTI crude oil is settling today at $87.27. That’s up $1.83 on the day. The high price extended to $89.88. The low price reached $87.20. On Wednesday, oil prices initially surged to their highest levels with WTI reaching USD 89.88/bbl. This rise
US Dollar, Crude Oil, Treasury Yields, EUR/USD, AUD/USD, China GDP, Gold – Talking Points Euro rally is testing resistance while the Bank of Japan steps into the bond market China GDP was a solid beat, lifting AUD, supported by a hawkish RBA If the US Dollar regains the ascendency, will EUR/USD resume its downtrend? Recommended
CRUDE OIL PRICE OUTLOOK Oil prices fall for the second day in a row, but the fundamental outlook remains constructive Geopolitical tensions in the Middle East continue to be supportive of some energy commodities This article looks at the key technical levels for oil to keep an eye on in the coming days Trade Smarter
Crude Oil, WTI, Brent, US Dollar, USD/CHF, EUR/CHF, S&P NZX 20, Gold – Talking Points Crude oil is on the march higher as uncertainty grows in the Middle East Haven assets have been buoyed by the precarious situation, notably the CHF If the Israel – Hamas war evolves further, where will that leave WTI? Recommended
Crude oil prices surge today The price of WTI crude oil is extending above the $87 level to a high of $87.37. Oil prices have surged today following the U.S.’s enhancement of sanctions against Russian crude exports, amplifying supply anxieties in an already constrained market. The U.S. targeted tankers carrying Russian oil priced above the
