Crude Oil WTI

Crude oil prices were down close to 3% on Friday. This comes even as prices attempted to make a rebound earlier in the week on Thursday. However, this rebound led to a lower high emerging. Following this, prices gave back the gains on…
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WTI crude oil prices are trading flat having risen to highs of 53.90 intraday on Wednesday. The declines push the price action back below the rising trend line. This could potentially see the trend line being retested from below. The…
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Inventories Fall Again Crude prices have continued higher this week. The market extended its 2021 gains by a further 4%. Crude prices were helped higher this week by the latest report from the Energy Information Administration. The…
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Crude oil prices are likely to signal a correction if the price action closes with a Doji. This comes after a steady patch of gains that pushed the commodity to an 11-month high. Given the strong pace of gains, prices are likely to make…
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Oil prices continue to post modest gains with price action managing to rise above the trend line. As a result, WTI crude oil prices are now close to the next round number level of 53.00. On the intraday charts, we see the bearish…
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WTI crude oil prices are taking a breather following the strong winning stretch from last week. Price action is largely muted, even failing to post any new highs. As a result, oil prices are confined within last Friday's range. Since the…
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Oil prices continue to push higher with prices settling near 52.60 last Friday. It marks the highest levels since February. The gains also come with nine weekly consecutive gains so far. With price action cutting past the trendline from…
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Oil prices are on track to post a third consecutive daily gain. Price action has breached past the $50.00 level on 6 Jan. However, the current pace of gains tests the trendline from below. This could mean that price action could make a…
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Crude oil prices have started 2021 on a strong footing with prices surging higher in response to a firmly bullish report from the Energy Information Administration. Inventories  Drop The EIA reported that in the week ending Friday,…
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WTI crude oil touched $50.00 a barrel on Wednesday in the early Asian session. The gains came after the OPEC+ meeting saw Saudi Arabia cutting oil output by one million barrels per day. The rise to $50.00 marks the first time testing…
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