WTI Crude Oil Struggles Near $72.00, 100-Day SMA Holds as Key Support
West Texas Intermediate (WTI) crude oil prices fell from a one-week high on Tuesday, attracting sellers for the second straight session. The commodity trades at $72.00, barely above last week’s one-month low and close to the important 100-day Simple Moving Average (SMA) support. US Tariff Delay Weighs on Oil Prices US President Donald Trump has […]
US Data and Trump Drive Sentiment in the FX Market
The US Dollar Index (DXY) managed to recover some ground, though a breakout above the 108.00 level remains out of reach for now. Weekly Initial Jobless Claims take the spotlight alongside the EIA’s report on US crude oil inventories, providing key cues for market sentiment. The EUR/USD rally lost steam after reaching multi-week highs above […]
WTI Crude Oil Rises to $73.50 Amid Middle-East Tensions and Potential Supply Disruption
WTI Crude Oil Rises to $73.50 Amid Middle-East Tensions and Potential Supply Disruption West Texas Intermediate (WTI) crude oil continues its upward trend for the fourth consecutive day, trading near $73.50 per barrel during Friday’s Asian session. The rise in oil prices is primarily driven by escalating geopolitical tensions in the Middle East, raising concerns […]
WTI Stays Guarded, Holding Above $72.00 During Sparse Holiday Trading Period
WTI Stays Guarded, Holding Above $72.00 During Sparse Holiday Trading Period Western Texas Intermediate (WTI), a key benchmark for U.S. crude oil, is hovering around $72.15, reflecting the market’s cautious stance in the waning days of the year. The slight dip in WTI prices is being influenced by a modest recovery in the U.S. Dollar […]
WTI Crude Oil Continues Its Ascent Below $91.00 Amid Tight Supply Prospects
WTI Crude Oil Continues Its Ascent Below $91.00 Amid Tight Supply Prospects WTI, the U.S. benchmark for crude oil, is demonstrating resilience as it hovers around the $90.90 mark on Tuesday, driven primarily by a constrained supply outlook championed by Saudi Arabia and Russia. Nonetheless, the trajectory of WTI prices remains clouded by concerns related […]