Tag Archives: WTI

US WTI crude oil futures reversed the upward trend anticipated in the previous technical outlook, which had been based on trading above the 63.65 level, instead recording a low of $63.07 per barrel. Technical Outlook – 4-hour timeframe: The price is currently attempting to stabilize above the key psychological support …

An uptrend has regained control of US WTI crude oil futures, with prices beginning to test the psychological resistance level at $65.00 per barrel. Technical Outlook – 4-hour timeframe: Intraday movements show a modest corrective bias following the previous session’s rise, yet upward rebound attempts remain active. The 50-period simple …

Futures prices for West Texas Intermediate (WTI) crude oil temporarily regained their upward trend during the previous session after clearly breaking the resistance level of 62.50, reaching a high of $63.64 per barrel. Technical Outlook – 4-Hour Timeframe Intraday movements show a downward bias as part of a natural corrective …

Prices for US crude oil futures (WTI) regained their upward trend during the previous session after successfully breaking the 62.50 resistance level. This led to a high of $63.15 per barrel. Technical Outlook – 4-Hour Timeframe Current movements show continued attempts at an upward rebound. The 50-day Simple Moving Average …

WTI crude oil futures have continued to record consecutive losses over several sessions, with the price reaching its lowest level at $61.68 per barrel. Technical Outlook – 4-Hour Timeframe Current price action shows attempted bullish rebounds as the Relative Strength Index (RSI) tries to correct from oversold conditions. Meanwhile, the …

WTI crude oil prices rose to around $70.80 per barrel on Friday, driven by renewed optimism about energy demand stemming from the latest US labor market report. While January’s Nonfarm Payrolls (NFP) fell short of expectations at 143,000 new jobs, the continued resilience of the labor market and strong wage …

US Dollar weakened on Wednesday, extending its recent corrective decline. The release of the December Consumer Price Index (CPI) report, which largely met market expectations, provided further impetus for the dollar’s weakness. This fueled speculation that the Federal Reserve may maintain its current interest rate stance, potentially opening the door …

West Texas Intermediate (WTI) crude oil prices dipped below $72.50 per barrel in early Asian trading on Thursday, pressured by a strengthening US Dollar. While a firmer greenback typically weighs on dollar-denominated commodities like oil, concerns over potential supply disruptions from ongoing geopolitical tensions are likely to limit downside price …

The U.S. oil and gas sector is at a crossroads. While recent data points to a modest improvement in business activity, a closer look reveals a complex and nuanced picture. The Dallas Fed Energy Survey, for instance, indicated a slight uptick in the company outlook index, suggesting a cautiously optimistic …

Oil prices edged higher on Wednesday as investors awaited the conclusion of the U.S. Federal Reserve meeting, where a widely expected interest rate cut could signal further monetary easing for 2025. Brent crude climbed by 32 cents, or 0.44%, reaching $73.51 a barrel by early morning, while U.S. West Texas …