Crude Oil WTI

Dollar Keeps Its Handle The US index closed positively for the fourth day in a row as continued talks of a stimulus package remain hopeful. The dollar is reacting to the strong producer price index (PPI) data from the US yesterday. This…
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WTI crude oil managed to break out of the 42.00 ceiling on late Monday. However, following a brief rally above the 42.00 level, the commodity is seen pulling back. We expect the 42.00 price level to be tested once again. There is also a…
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Oil prices have been somewhat volatile over the past few sessions. After trading strongly above the 42.00 level, oil prices gave way, paring gains. As a result, WTI crude oil is now trading within the 42.00 and 41.00 levels. A…
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Crude oil prices gave back the gains to settle lower on Friday. After the previous move above the 42.00 handle, crude oil pared gains. After moving back into the range, oil prices briefly touched the 41.00 handle before a slight rebound…
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Crude oil prices briefly shot up higher, rising close to 43.50 before giving back the gains. Price action fell back to the 42.00 handle and support looks to be firm here. But if the consolidation continues, then oil could possibly be…
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Crude Inventories Fall Again The latest report from the Energy Information Administration this week has helped further the cause of oil bulls. The EIA reported that in the week ending July 31st, US crude oil inventories fell by 7.4 million…
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Oil prices managed to gather some bullish momentum on Wednesday. Prices rose over 3% intraday as WTI crude oil breached past the 42.00 handle eventually. The gains come amid a hawkish inventory report for the commodity. Still, doubts…
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US Faces Continued Uncertainty The US Index closed towards the low 93's yesterday after rising for two days amidst positive PMI data. Further uncertainty remains over the lack of progression on a new US coronavirus relief bill. Talks…
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Crude oil prices are testing the 41.00 level once again. At the time of writing, oil prices are trading above the 41.00 level. However, only a strong daily close above this level will confirm the upside. Still, WTI crude oil will…
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Oil prices are trading somewhat volatile over the past two sessions. The commodity is up over 1.25% on an intraday basis. The gains come as WTI crude oil is testing the 41.00 level once again. Given that this price level held up as…
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