Crude Oil WTI

Oil prices are bullish on Tuesday, rising over 5% intraday. The gains come on the second day of the OPEC+ meeting. Saudi Arabia, alongside other countries, opposed Russia's proposal of raising production. The current gains in oil prices…
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Oil prices rose to multi-month highs on Monday in anticipation of the OPEC+ meeting. Furthermore, tensions in the Middle East also added to the bullish fundamentals. Prices rose to highs of 48.97 before giving back the gains. For the…
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Oil prices are trading flat ever since prices touched intraday highs of 49.29 on December 21. Since then, oil prices pulled back and are trading in a sideways range. For the moment, this sideways range is likely to continue. However,…
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WTI Crude oil prices managed to hold up the intraday gains for the most part. However, by the late European session, the commodity was seen giving back those gains. Oil prices are down about 0.35% intraday. The declines come as oil…
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Trump Appeals for Larger Stimulus The US dollar dropped by 0.24% yesterday, falling back to the lowest levels seen since April 2018. Progress on additional US stimulus saw fresh selling and a move back below the 90.00 mark. This…
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Oil prices are turning higher, albeit price action remains relatively flat. A weaker dollar is helping to push the oil prices modestly higher. But the recent highs near 48.94 remains a lower high compared to the previous highs.…
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Oil prices maintained their bullish continuation with prices rising in early Monday trading. However, after rising to intraday highs of 48.94, the commodity gave back the gains, forming a lower high. If prices break down below the pivot…
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If the economy doesn't return to normal during the course of next year, it will have at least made substantial strides in doing so. As people start flying again, get back on cruises, and take holidays, demand for fuel and energy is…
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Crude oil prices are down about 1.25% intraday on Tuesday. The declines come following a nearly 3% decline on Monday. Price action is however trading near the support level of 47.17 for the moment. We could expect this level to hold…
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