The Oil price remains supported amid optimism that trade negotiations between the US and China will go smooth in the future. De-escalating US-China trade tensions…
WTI lacks firm intraday direction, though it remains on track to register weekly gains. The US-China trade talks raise hopes for fuel demand growth and…
WTI trades around $62.80 on Thursday, up 1.20% but below the session high of $63.30. Price action breaks out of bullish flag pattern, confirming short-term…
WTI price declines to around $62.00 in Thursday’s early Asian session. Fears of a global oil oversupply undermine the WTI price. Oil inventories fell by…
WTI crude oil retreats on Wednesday, trading near $62.05 after failing to hold above $63.00 US data show that crude inventories fell, but gasoline and…
Oil corrects lower following a 3.5% rally over the last two days. US Dollar’s recovery from six-week lows is weighing on Crude prices. Geopolitical tensions…
WTI price climbs to around $62.80 in Wednesday’s early Asian session. Rising geopolitical risks and supply fears support the WTI price. OPEC+ decided to raise…
WTI Crude Oil trades near $63.06, up nearly 2% intraday on Tuesday. Canadian wildfires disrupt 350,000 barrels per day of oil output, fueling supply concerns.…
WTI price may struggle as the Organization for Economic Co-operation and Development has revised down forecasts of the global economy. The OECD has cut down…
WTI price extends the rally to around $62.40 in Tuesday’s early Asian session. OPEC+ decided to raise output by 411,000 bpd in July. Iran poised…