Archive for Tag: crude oil wti

WTI crude oil futures price

Oil prices soared, raising supply concerns

On Monday’s trade, the Chicago WTI crude oil futures price is up 1.60% at $102.21 per barrel. Oil prices continued to surge on Wednesday as Moscow declared that the peace talk with Ukraine had hit a dead end, intensifying supply worries. A limited downside is seen in crude oil...

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U.S. West Texas Intermediate crude futures

Oil rebounds on tight supply, prospects of new Russia sanctions

Brent Crudewas trading 1.97%up at $109.91 Oil prices clawed back heavy losses to rise more than 2% on Wednesday on supply tightness and the growing prospect of new Western sanctions against Russia even as signs of progress emerged from peace talks between Moscow and Kyiv. Brent crude futures were...

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Crude Oil WTI

Crude Oil WTI Technical Analysis & Trade Signals

CRUDE OIL WTI Price Technical Analysis: Weekly Chart In the weekly charts, Crude Oil WTI is trading in an upward channel. Crude Oil WTI  is near its crucial support of 20-days SMA. If it breaks this support, it will possibly test the 50-days SMA level. Crude Oil WTI  will...

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 Crude Oil WTI

Crude Oil WTI WEEKLY Technical Analysis – 24 February 2022

CRUDE OIL WTI Price Technical Analysis: Weekly Chart In the weekly charts, Crude Oil WTI is trading in an upward channel. Crude Oil is near its crucial support of 20-days SMA. If it breaks this support, it will possibly test the 50-days SMA level. Crude Oil will follow an...

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Crude oil futures

Oil prices rise on supply fears amid tensions in Eastern Europe, Middle East

Brent Oil  was trading 0.68% up at  $87.66. Oil prices rose on Monday on worries about supply disruption amid rising tensions in Eastern Europe and the Middle East, which could make an already tight market even tighter, while OPEC and its allies continued to struggle to raise output. Crude oil...

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Brent Crude futures

Oil prices slide as rapid Omicron spread dims fuel demand outlook

Brent Oil was trading 3.52% down at $70.94. Oil prices slumped by about $3 on Monday as surging cases of the Omicron coronavirus variant in Europe and the United States stoked investor worries that new mobility restrictions to combat its spread could hit fuel demand. Brent Crude futures fell...

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Brent Oil

Oil gains as investors see limited Omicron impact on demand

Brent Oil  was trading 1.34% up at  $76.19. Oil prices extended their rally on Monday as investor appetite improved amid growing relief the Omicron coronavirus variant may not cause severe illness and will likely have a limited impact on global fuel demand. Brentfutures climbed 94 cents, or 1.3%, to $76.09...

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Oil prices

Oil prices on track for biggest weekly gain since August

Brent Oil was trading 0.05%down at $74.36. Oil prices were on track for their biggest weekly gain since late August, with market sentiment buoyed by easing concerns over the Omicron coronavirus variant’s impact on global economic growth and fuel demand. The Brent and WTI benchmarks were both on course...

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Oil prices off 7-week lows but under pressure as release of reserves eyed

Brent Oil was trading 0.74%down at $81.87. Oil prices came off seven-week lows on Monday but remained under pressure after Japan said it was weighing releasing oil reserves and as the COVID-19 situation in Europe worsened, raising concerns about both oversupply and weak demand. Brent lost 26 cents, or...

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Oil slips after API data shows U.S. inventory build-up

Brent Oil was trading 1.89% downat $83.11. Oil prices fell on Wednesday as industry data pointed to a big build in crude oil and distillate stocks in the United States, the world’s largest oil consumer, and as pressure mounted on OPEC to increase supply. Brent crude futures were down...

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