Crude Oil WTI

Crude Stores Fall Again Despite trading lower over the week, crude oil found some demand midweek. This came in response to the latest report from the Energy Information Administration. The EIA reported that in the week ending September…
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WTI Crude oil prices extended the declines on Tuesday to fall back to the old support level near 38.835. Price action since then has turned bullish. The gains come as it coincides with the weekly inventory report. The US crude oil…
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WTI Crude oil prices are trading lower on Tuesday and were down over 3% intraday. Price action remains steady within the 41.00 and the 38.83 levels of resistance and support respectively. A breakout from this range to the downside…
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Crude oil prices gave back some of the gains made from the previous week. Price action turned negative for the week closing near the 40.00 handle. Still, the previous week's bullish engulfing pattern gives hope for the upside to…
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Renewed Stimulus Talks Spurs on Stocks The US index hinted at exhaustion at it closed 0.10% lower yesterday, after gaining 2.4% over the month. The 7-week high led to a pullback as US jobless claims were disappointing. Claims crept…
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Oil prices are trading bullish as price action fully recovered on Thursday from the losses from the previous two sessions. But prices are still off the 41.00 handle where resistance is likely to hold in the near term. The outlook…
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Inventories Fall Again Crude oil prices came back under offer this week. This was despite the latest weekly update from the EIA showing a further drawdown in us crude stores. The Energy Information Administration report showed that in…
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Crude oil prices are trading with some modest gains on Wednesday. This is after earlier in the week, a weaker inventory report from the American Petroleum Institute (API) saw price falling. For the moment, oil prices are holding on to…
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Oil prices are down nearly 4% on Monday. The declines come despite threats of new storms hitting the US coast which could see oil refineries shutting down again. The dollar is strong trading stronger, which is adding to the decline in…
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Oil prices managed to make an impressive recovery with price action recovering nearly half of the declines set off in the previous two weeks. As a result, oil prices are now trading near the 41.00 level. There is, however, a strong…
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