WTI lacks any firm intraday direction on Tuesday amid mixed fundamental cues. Concerns about slowing demand continue to act as a headwind for Oil prices. Middle East tensions warrant some caution before positioning for further losses. West Texas Intermediate (WTI) US Crude Oil prices struggle to capitalize on the previous day’s modest gains and oscillate […]
WTI Oil is rebounding off four-month lows on renewed expectations the Fed may cut interest rates by 50 bps. Supply closures from Hurricane Francine which is ravaging the Gulf of Mexico are another bullish factor. WTI is forming short-term bullish reversal patterns on the daily and weekly charts. West Texas Intermediate (WTI) crude Oil price […]
WTI price falls to fresh YTD lows of $68.85 in Thursday’s early Asian session. OPEC+ could delay the planned oil output increase. Concerns of weak demand from China weigh on the WTI price. West Texas Intermediate (WTI), the US crude Oil benchmark, is trading around $68.85 on Thursday. WTI price remains under selling pressure and hits […]
WTI price loses ground near $75.15 in Thursday’s early Asian session. Soft demand in China weighs on the WTI price. The threat of supply disruptions in Libya and Middle East geopolitical risks might cap the downside. West Texas Intermediate (WTI), the US crude oil benchmark, is trading around $75.15 on Thursday. The WTI price edges […]
WTI falls to the $74.00 level as lower demand from China, the world’s largest Oil consumer weighs. The weakness comes despite a Libyan political faction shutting down all the country’s Oil production. OPEC+ is expected to increase production which could bring down the equilibrium rate of WTI. West Texas Intermediate (WTI), the US Crude Oil […]
WTI trades in positive territory for the third consecutive day near $76.75 in Tuesday’s early Asian session. Libya’s shutdown of production and exports fuelled fresh supply concerns, boosting the WTI price. The sluggish Chinese economy and oil demand concerns might cap the black gold’s upside. West Texas Intermediate (WTI), the US crude oil benchmark, is […]
Large-scale CTA selling activity is hitting the tapes in crude oil markets, TDS Senior Commodity Strategist Daniel Ghali notes. CTAs to shed their entire position long in Brent crude “We expect CTAs to shed their entire position long in Brent crude this session and build a net short position, with additional scope to sell WTI […]
WTI attracts some sellers near $76.25 in Tuesday’s Asian session, down 0.45% on the day. The weaker outlook for crude demand in China weighs on the WTI price. Rising geopolitical tensions in the Middle East are likely to disrupt oil supplies, capping the downside for Oil prices. West Texas Intermediate (WTI), the US crude oil […]
WTI bounces off a multi-day low touched on Monday, albeit it lacks follow-through buying. A modest USD strength acts as a headwind for the commodity amid China’s economic woes. Worries about supply disruption from the Middle East should help limit any meaningful slide. West Texas Intermediate (WTI) US crude Oil prices attract some dip-buying in […]
WTI struggles to gain any meaningful traction, though the bias seems tilted in favor of bulls. Escalating geopolitical tensions fuels supply concerns and acts as a tailwind for the commodity. The technical setup also suggests that the path of least resistance for Oil prices is to the upside. West Texas Intermediate (WTI) US crude Oil […]
Crude Oil continues to prove resilient, with inventory draws offering modest support to the complex, TDS strategists say. Crude Oil stays strong amid CTA buying “We still argue that the rally could start to fade as Commodity Trading Advisors (CTA) buying flows taper off. Prices below $81.73/bbl and $85.46/bbl for WTI and Brent crude respectively, […]
WTI price edges lower to $77.75 on Monday. The weaker US Consumer Sentiment and Chinese economic output data weigh on the black gold. China’s Industrial Production came in weaker than expected in May, adding pressure on the world’s top largest oil consumers. West Texas Intermediate (WTI), the US crude oil benchmark, is trading around $77.75 on Monday. The downtick of the […]
