Crude Oil WTI

Oil prices settled on Friday with gains, after closing near $46.12 a barrel. The gains come after OPEC+ agreed to raise output by 500,000 barrels. After rising past the 45.00 level of resistance, oil prices are likely to look for further…
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Dollar Continues to Fall Ahead of NFP The US index fell deeper towards the 90 handle yesterday as it closed 0.42% lower. Whilst economists are expecting a fifth straight monthly increase in jobs, the figures are likely to miss…
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Crude oil prices are trading flat near the resistance level of 45.00. This comes as price action is consolidating here for the past few sessions. The commodity held its ground despite OPEC+ agreeing to increase oil output, rather…
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Dollar Freefall Continues The US index accelerated its decline yesterday, closing 0.24% lower towards the 90 handle. Currencies that comprise the dollar index such as the euro, Swiss franc, and sterling have reached multi-year highs,…
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Oil prices are trading bullish with price action rising over 2.5% intraday. The gains come as oil prices get a boost from a weaker US dollar. Furthermore, the weekly inventory report also saw a modest decline. This sent oil prices to…
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Oil prices are trading weaker on Tuesday. The declines come despite the US dollar taking a strong hit. The move to the downside comes after oil prices failed to make any big moves to the upside. As a result, WTI crude oil was…
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Oil prices are down about one percent intraday. The declines come as OPEC leaders meet in Vienna. Rumors over the weekend suggested that OPEC+, which includes Russia, will keep the present production cuts in place. Technically, oil…
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Oil prices pared losses to close on a bullish note on Friday. This put price action back near Wednesday's highs close to the $45.50 levels. The overall short term momentum is to the upside in the oil markets. However, watch how prices…
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Dollar Shows Modest Gain, But Worries Continue The dollar index rose by 0.10% yesterday but failed to break the 92 handle, on a quiet Thanksgiving holiday. President Trump has signaled that he is prepared to leave the White House,…
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