Tag Archives: WTI

West Texas Intermediate has fallen to the lowest in nearly one year. Recession-linked concerns dominate the market sentiment and the Fed’s rate decision next week is awaited with all open eyes.The American crude fell to the lowest in nearly a year on Wednesday despite the good news in China’s steps …

The widespread US recession-linked woes are playing into financial markets creating a risk-off mood. West Texas Intermediate crude is down over 4% on the day so far, falling back into the bearish trend once again and on the front side of what was momentary a counter-trendline. At the time of …

The US dollar edges higher within range-bound holiday markets on Friday in an obviously quiet US trading session following the US Thanksgiving holiday. The American currency is near multi-month lows as the prospect of the Fed’s pace of policy tightening keeps impacting the dollar.Today has all the indicators of another …

This week’s coronavirus crisis has impacted West Texas Intermediate crude oil price, on fluctuating expectations about potentially lower demand. Meanwhile, the Eurozone is threatening to impose a cap on Russian oil exports and the floating performance of the US Dollar, all these factors are keeping WTI in a remarkably defensive …

Oil prices pared their previous gains and fell Monday, November 14, affected by the rise in the dollar and the increase in Corona virus infections in major Chinese cities, which dashed hopes of reopening the economy of the world’s largest importer of crude. Brent and US West Texas Intermediate crude …

Oil prices rose about 1 percent on Monday, extending gains from the previous session, as China eased some of its strict protocols to combat the Coronavirus, raising hopes of a recovery in economic activity and demand in the world’s largest importer of crude. Brent crude and US West Texas Intermediate …

WTI is trimming some of its weekly losses and seems boosted by a weaker US dollar. At the time of writing, WTI crude is trading at $88.26 per barrel as easing inflation in the United States destabilized the dollar as traders look forward to less aggressive Fed’s stance. China’s refineries …

Oil prices bounce up from $84.70 low to reach levels past $87.00. WTI is trading at $86.60 at the time of writing. The Dollar plunges on soft US CPI data and hopes of Fed’s rate hiking easing have boosted risk appetite.WTI prices appreciated on Thursday to hit session highs right …

Oil prices extended losses on Thursday for the fourth consecutive session as the renewal of anti-Covid-19 restrictions in China raised concerns about fuel demand in the world’s largest importer of crude. China is fighting an increase in the number of infections in several economically important cities, including the capital, Beijing. …

Oil prices stabilized on Thursday, after falling for three days, affected by the renewal of anti-Covid-19 restrictions in China, the largest importer of crude in the world, as well as by traders’ anticipation of US inflation data that may provide indications regarding future interest rate hikes. By 0534 hrs, Brent …