Tag: WTI
Crude prices remained elevated
Crude prices have steadied as developments are awaited following the major attack on Saudi oil production facilities. The USOIL prices are presently showing a...
Oil retests 57 barrier again – Supported by fundamentals
Oil remained supported ahead of the OPEC Plus committee later this week and as Saudi Arabia ousted its energy minister. The WTI future remains...
BoC ahead but focus on Powell
BoC ahead but focus on Powell - The USD majors mostly settled into consolidation as market participants went into bets-off mode ahead of the...
IEA trimmed oil demand for 2019
The IEA has cut its 2019 estimate for oil demand in its latest monthly report, blaming trade tensions and the associated consequences on the...
Extended but not topped
WTI ended the week on fresh 5-month highs, peaking at $63.27 so far, and up nearly 2%. The contract has been in rally-mode since...
Oil has reversed 38.2% of its Q4 losses
WTI crude got a boost from the strong US Jobs report, which was accompanied by several other upbeat reports. The jobs report has alleviated some of...
