Tag: wti
Oil prices rose by more than 1.5%, during trading on Thursday, with the emergence of supply concerns due to a possible European Union embargo on Russian oil, days after the decline in supplies from Libya rocked the market. This comes amid tight supply fundamentals, with sentiment receiving additional support with a significant drawdown in US […]
Oil prices deepened their losses by more than 4% during trading on Tuesday, with fears of slowing demand for crude, and the rise of the dollar to its highest level in two years. The International Monetary Fund cut its forecast for global economic growth this year to 3.6%, down by 0.8% from previous expectations, warning […]
• WTI reversed from key support level 93.50• Likely to rise to resistance level 105.00 WTI crude oil today reversed up sharply from the key support level 93.50 (which formed the daily Mornign Star in March) – standing near the 38.2% Fibonacci correction of the upward price impulse from December. The upward reversal from the […]
Oil prices fell about 2% during trading on Monday, amid the market’s anticipation of the liberation of the strategic oil reserves announced by the member states of the International Energy Agency, with the continued closures in China due to the Corona virus. Oil prices ended their trading on Friday with a rise of more than […]
Oil prices fell by about 5% during trading today, Thursday, after news that the United States intends to free up to 180 million barrels of its strategic oil reserves, which is the largest in the history of the strategic oil reserves of nearly 50 years. The significant decline in oil prices comes at a time […]
Oil prices raised their gains by more than 4% in Tuesday’s trading, with Brent crude rising above $129, amid fears of official sanctions on Russian oil and fuel exports, raising concerns about the availability of supplies. On Monday, oil prices ended more than 4% higher, trimming their gains after touching the highest level since July […]
Oil Prices Rise 5%.. Brent Crude Is Above $115 Oil prices consolidated their gains by about 5% during trading on Friday, with Brent crude rising above $115, amid fears of Western sanctions that could hamper Russian oil exports, outweighing the possibility of an increase in Iranian supplies. Global stocks fell, and oil prices rose amid […]
• WTI broke resistance zone• Likely to rise to resistance level 110.00 WTI crude oil recently broke the resistance zone lying between the powerful round resistance level 100.00 and the resistance trendline of of the daily up channel from the middle of December. The breakout of this resistance zone accelerated the active short-term impulse wave […]
• WTI broke round support level 90.00 • Likely to fall to support level 86.00 WTI crude oil recently broke the round support level 90.00, intersecting with the support trendline of the daily up channel from December and the 38.2% Fibonacci correction of the previous upward impulse from January. The breakout of the support level […]