Crude Oil WTI

Dollar Cut Short on Jobless Numbers The US index halted its recent ascent as it closed 0.33% lower on Thursday. The greenback slumped after the US government reported a larger than expected reading for initial jobless claims.…
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Crude oil prices have broken out to fresh one-year highs this week as the market continues to derive demand amidst the ongoing bullish sentiment across risk assets recently. With traders focusing on the US economic recovery, the prospect…
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Oil prices are down over one percent on Thursday. The declines come after the commodity rose to intraday highs of 62.22 before giving back the gains. The overall bias in crude oil remains to the upside. Therefore, unless there is strong…
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WTI crude oil is showing signs of losing its bullish momentum. Price action is seen struggling to get a foothold above 60.00. This has led to price action being rejected over the past three trading sessions. For the moment, the overall…
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WTI crude oil prices are giving back the gains after prices touched a new 13-month high earlier this week. The declines come after prices fell to fill the gap from last Friday at 59.55. With most of the intraday declines already pulling…
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President’s Day Doesn’t Halt Dollar Decline The US index closed 0.10% lower on Monday as it continued its bearish tone. Analysts still back an extended period of weakness for the greenback into 2021, on the back of Fed’s commitment to…
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WTI Crude oil prices resumed the bullish momentum following three days of subdued trading. Prices settled at 59.55 on Friday, marking a new 11-month high. The rebound comes after oil prices briefly fell to the support area near 57.35.…
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The recent pace of strong gains in the WTI crude oil market is seen to be slowing with prices likely to close flat for a second consecutive day. This could potentially see the onset of a short term correction in the markets. The initial…
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WTI crude oil prices continue to maintain a strong bullish moment. Price action rose to fresh highs of 58.73. This makes price action likely to test the unfilled gap from January 20 last year at 59.47 However, with price now trading…
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