WTI oil opened with gap higher and rose around 3% during Asian / mid-European session on Thursday, lifted by the latest decision of President Trump to impose sanctions on two major Russian oil suppliers. The US decision comes at the same time with new package of EU sanctions on Russia and decision to stop buying…
A week with political paralysis in Washington ended with record highs on Wall Street — a telling sign of how investors are prioritizing Fed policy over fiscal drama. The U.S. government shutdown, now in effect after Congress failed to pass a funding bill, has frozen major data releases and paralyzed parts of the bureaucracy. Yet…
Gold price climbed again and traded above $3,350. Crude oil is showing bearish signs and might decline below $62.80. Important Takeaways for Gold and WTI Crude Oil Price Analysis Today Gold price started a steady increase from $3,310 against the US Dollar. A key bullish trend line is forming with support at $3,378 on the…
WTI price tumbles to around $62.05 in Wednesday’s early Asian session. The White House said Russia-Ukraine meeting plans are ‘underway’ following Trump meetings. US crude inventories fell 2.4 million barrels last week, API said. West Texas Intermediate (WTI), the US crude oil benchmark, is trading around $62.05 during the early Asian trading hours on Wednesday. The WTI…
It was largely expected to arrive, and Market participants finally got it: The EU-US Trade Deal has finally (almost) been reached. For now, markets have only an outline of the actual Deal that needs to be finalized, but to the Market’s understanding, the Deal is done. The US Dollar is looking a bit stronger after…
West Texas Intermediate (WTI) Oil price falls on Tuesday, early in the European session. WTI trades at $64.29 per barrel, down from Monday’s close at $64.43.Brent Oil Exchange Rate (Brent crude) is also shedding ground, trading at $66.40 after its previous daily close at $66.49. WTI Oil FAQs WTI Oil is a type of Crude…
West Texas Intermediate (WTI) Oil price advances on Wednesday, early in the European session. WTI trades at $65.09 per barrel, up from Tuesday’s close at $64.72. Brent Oil Exchange Rate (Brent crude) is also up, advancing from the $66.87 price posted on Tuesday, and trading at $67.23. WTI Oil FAQs WTI Oil is a type…
West Texas Intermediate (WTI) Oil price falls on Tuesday, early in the European session. WTI trades at $65.56 per barrel, down from Monday’s close at $66.99.Brent Oil Exchange Rate (Brent crude) is also shedding ground, trading at $68.05 after its previous daily close at $69.27. WTI Oil FAQs WTI Oil is a type of Crude…
Key Highlights WTI Crude Oil prices started a major decline from the $78.50 zone. It traded below a key bullish trend line with support at $71.50 on the 4-hour chart. Gold prices are facing hurdles near the $3,400 resistance. EUR/USD regained traction and managed to clear the 1.1550 resistance zone. WTI Crude Oil Price Technical…
West Texas Intermediate (WTI) Oil price advances on Monday, early in the European session. WTI trades at $74.71 per barrel, up from Friday’s close at $73.77. Brent Oil Exchange Rate (Brent crude) is stable, hovering around its previous daily close at $75.93. WTI Oil FAQs WTI Oil is a type of Crude Oil sold on…