oil

Oil prices managed to shrug off the uncertainty of the past few days with price action once again surging. On an intraday basis, spot crude oil prices rose over 3% in what is likely to be a strong recovery. The gains come after oil…

Oil prices surged higher intraday on Tuesday. Prices tested a new 13-month high of 62.96 in the early Asian trading session. However, since then, oil prices gradually drifted back lower. The test of support near 60.87 confirms that…

WTI crude oil prices are looking bullish with price action posting a strong recovery after the declines from Thursday and Friday last week. For the moment, price is yet to breakout above last Thursday’s highs of 62.22. But this is…

On Friday, WTI Crude oil prices closed with back to back losses. This led to the weekly price action closing in the red after prices briefly rose above 61.35 earlier in the week. The declines come after oil prices have been moving in a…

Dollar Cut Short on Jobless Numbers The US index halted its recent ascent as it closed 0.33% lower on Thursday. The greenback slumped after the US government reported a larger than expected reading for initial jobless claims.…

Crude oil prices have broken out to fresh one-year highs this week as the market continues to derive demand amidst the ongoing bullish sentiment across risk assets recently. With traders focusing on the US economic recovery, the prospect…

Oil prices are down over one percent on Thursday. The declines come after the commodity rose to intraday highs of 62.22 before giving back the gains. The overall bias in crude oil remains to the upside. Therefore, unless there is strong…

WTI crude oil is showing signs of losing its bullish momentum. Price action is seen struggling to get a foothold above 60.00. This has led to price action being rejected over the past three trading sessions. For the moment, the overall…

WTI crude oil prices are giving back the gains after prices touched a new 13-month high earlier this week. The declines come after prices fell to fill the gap from last Friday at 59.55. With most of the intraday declines already pulling…

President’s Day Doesn’t Halt Dollar Decline The US index closed 0.10% lower on Monday as it continued its bearish tone. Analysts still back an extended period of weakness for the greenback into 2021, on the back of Fed’s commitment to…