WTI

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…
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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…
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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…
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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…
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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…
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Oil prices pulled back after testing the technical resistance area near 41.00 on Tuesday. However, oil recouped the bullish momentum, and the commodity is now attempting to break past this psychological barrier. A strong breakout…
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Oil prices continued to pullback after the gains over the week that saw the 38.83 level of resistance being tested. The declines have put price action to trade within the 38.83 and 36.51 levels in the near term. The support level near…
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Oil prices have made a strong recovery, just days after slipping to a three-month low. Price action continues to move higher, fueled by the dollar weakness. This has pushed oil prices toward the 38.83 handle once again. In order…
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EIA Inventories Decrease Sharply Crude oil prices have traded higher this week, boosted by the latest report from the Energy Information Administration. The EIA report shows that in the week ending October 30th, US crude oil inventories…
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Oil prices are back trading weaker following the gains from earlier this week. After testing the 38.83 level of resistance, the commodity is taking a breather. Prices are down about 0.40% intraday after failing to breakout above the key…
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