Crude Oil WTI

Oil prices are trading bullish on Thursday as investors brushed aside the build-up in gasoline inventories. The gains come after prices fell sharply off the 41.00 handle earlier on Wednesday. With price rebounding back to the 41.00…
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Inventories Fall Again Crude oil prices have fallen lower once again this week despite a mostly bullish report from the Energy Information Administration. The EIA reported that in the week ending October 16th, US crude inventories…
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Crude oil prices were trading lower on Wednesday. This comes after the weekly inventory report showed a mixed picture with gasoline inventories rising while crude stockpiles falling. The decline in oil prices comes after a brief attempt…
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Oil prices are trading flat one day after price action attempted to break past the 41.00 handle. The muted price action comes amid weakening forecasts for crude oil. Furthermore, talks of Russia supporting cutbacks to production is…
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Oil prices were trading bullish on Monday. The gains come after OPEC+ chief reiterated that OPEC+ would not let oil prices to fall again. Elsewhere, Russia is attempting to engage Saudi Arabia in fresh talks amid the current oil…
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Crude oil prices continue to trade choppy with Friday's price action closing bearish. However, crude oil managed to recover from the intraday declines on Thursday to settle near the top. Overall price action remains caught within the 41…
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Crude oil prices flipped as the commodity erased the gains made on Wednesday. The lower high in price action is also potentially building the downside bias. For the moment, oil prices remain within the 41.00 and 38.83 levels.…
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Oil prices made a firm recovery, paring losses for a second day on Tuesday. Price action is back near the 41.00 handle once again. However, the current momentum and set up indicates that we could see a pullback. This will keep price…
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Oil prices are back in the green, rising as much as close to 2% intraday. The gains come just a day after oil prices fell sharply to lows near the 39 level. The rebound comes on the back of positive trade data from China. Still, we…
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