WTI price dropped by about 3% on Thursday due to escalating fears of a global supply surplus. Trump commented, “I think we are getting very…
The light sweet crude markets had another bullish session on Tuesday, as we raced toward the 50 Day EMA. The 50 Day EMA of course…
Short the WTI crude oil and set a take-profit at $55.40. Add a stop-loss at $67. Timeline: 1-2 days. Buy the WTI crude oil and…
Chinese refineries continued to import large quantities of crude oil in April, Commerzbank’s commodity analyst Carsten Fritsch notes. US places independent refineries from China on…
WTI rallies after US stockpiles fall for the second straight week, signalling tighter supply. US–China trade talks resume this weekend, boosting the demand outlook amid…
During the trading session on Wednesday we saw the Light Sweet Crude market rally, reaching the crucial $60 level. However, the market has pulled back…
The light sweet crude oil market has rallied pretty significantly during the trading session on Tuesday as we continue to see a lot of volatility.…
The CL contract initially plunged overnight but has seen a lot of buying pressure into the market as we had pressed an area that potentially…
Created on April 30, 2025 In the oil futures market contract, we have seen oil bounce around in the same range all month for April.…
Created on April 30, 2025 During the early hours on Tuesday, the Light Sweet Crude Oil market started falling, and it never stops. At this…