Forex Trading Library

Oil Hits $70 as Debt Ceiling Crisis Continues!

Name: Oil Hits $70 as Debt Ceiling Crisis Continues!
Uploaded: 2023-05-31
Channel: David Kindley
Description: WTI fell more than 4% yesterday as the US Debt Ceiling talks continued.Aside from the uncertainties around the markets, OPEC is set to meet in a few days to possibly discuss further cuts.With Oil now trading around $70, will we be seeing the $60 leve

By David Kindley Last updated Feb 3, 2026 44 0

WTI fell more than 4% yesterday as the US Debt Ceiling talks continued.

Aside from the uncertainties around the markets, OPEC is set to meet in a few days to possibly discuss further cuts.

With Oil now trading around $70, will we be seeing the $60 level any time soon?

Timestamps
WTI 01:50
BRENT 03:05

Test your trading strategy on forex and stocks with Orbex

OPEN LIVE ACCOUNT

David Kindley

Market Strategist at Orbex David Kindley is a renowned fundamental analyst with over 10 years of trading experience in the financial markets. With a keen eye for macroeconomics and a special focus on trading psychology, David is passionate about helping everyday investors make informed trading decisions through his thorough research and analysis.

Intraday Analysis 31.05.2023

GBPUSD: Bearish Correction (B) is half completed.