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Crude oil pulls back slightly

Mohamed Abdelhamid 17 September, 2021 4:36 am Commodities

The U. S. WTI crude oil market has pulled back slightly during the latest trading session on Thursday at USD 71.50 level after investors believed it would end the session unchanged at USD 72.61 a barrel.
This slight low comes after crude oil climbed to the highest since 2 August, on Wednesday. Wednesday’s high is suggested to offer support with the bottom of the candlestick from the previous session.
As for Brent markets, all new quantities have pulled back to test the USD 75 level earlier on Thursday, but later Brent ended the session up 21 cents, or 0.3%, at USD 75.67 a barrel from USD 76.13 as on Wednesday, signaling its highest since July 30.
The market is trying to reach the highs again, so no scenario can be detected, however, latest developments will attract a certain amount of investors’ attention.

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