oil

WTI Crude oil prices got a boost from ongoing positive news about the Coronavirus vaccine. AstraZeneca-Oxford University led efforts saw another vaccine likely to come out in the market. The news is boosting data for optimism as… Read More

Oil prices offset the losses from Thursday, posting strong gains on Friday. After consolidating near the 41.00 level of support, the commodity is once again testing the previous highs. The key challenge for crude oil will be the 42.68… Read More

WTI Crude oil prices are trading weaker, giving back some of the gains from Wednesday. Price action remains supported above the 41.00 level for the moment. However, as the momentum continues to point to the downside, we could expect to… Read More

Crude prices have been higher again this week with the market bolstered by the broad pickup in risk appetite. Risk assets, including oil and other commodities, have been higher in response to further vaccine news. Inventories Rise… Read More

Crude oil prices are back on the front foot after posting moderate declines on Tuesday. Price action is up over 1.5% on the day with the 41.00 level of support holding prices for the moment. However, this means that oil prices need to… Read More

WTI Crude oil prices are trading on a softer note. Price action is pulling back to the 41.00 level of support where consolidation is taking place. The lower high near the 42.00 level could signal a move lower. But this can be valid only… Read More

Oil prices gave back some of the gains made from last week. This comes after prices broke past the 41.00 level of resistance. The gains saw oil prices trading briefly close to the 43.00 handle before easing back. As a result, oil… Read More

America Given Dose of the Truth US indices fell on Thursday after investor hopes for a Covid-19 vaccine quickly faded as America imposed new COVID-19 restrictions in New York. The Dow, S&P, and Nasdaq all fell by 0.5% as the… Read More

Crude prices have been higher this week. This comes in response to the better risk environment which has developed around the COVID vaccine news this week. Oil has been higher despite the latest report from the Energy Information… Read More

WTI crude oil prices are trading somewhat soft but intraday gains are over one percent. The commodity initially rose to a two-month high before pulling back. The declines saw the 41.00 level being tested for support. With prices being… Read More