Today
-1.58%
5 Days
+4.88%
1 Month
+7.06%
6 Months
-4.95%
Year to Date
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1 Year
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The Indicators feature provides value and direction analysis for various instruments under a selection of technical indicators, together with a technical summary.
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Oil prices firmed further yesterday, driven by a shortened deadline for Russia to come to a peace deal with Ukraine and threats of secondary tariffs on countries importing Russian Oil.
West Texas Intermediate (WTI) Oil price halts its three-day winning streak, trading around $69.60 per barrel during the early European hours on Thursday. Crude Oil prices struggle, possibly driven by a surprise build in the United States (US) crude stocks.
West Texas Intermediate (WTI) Oil price falls on Thursday, early in the European session. WTI trades at $69.45 per barrel, down from Wednesday’s close at $69.83.Brent Oil Exchange Rate (Brent crude) is also shedding ground, trading at $72.24 after its previous daily close at $72.61.
West Texas Intermediate (WTI), the US crude oil benchmark, is trading around $69.80 during the Asian trading hours on Thursday.
WTI and Brent crude rose on sanctions fears and heavy CTA buying, but positioning limits in WTI and rising global supply suggest limited upside. Prices may ease after summer as OPEC+ and US output continue to grow, TDS' Senior Commodity Strategist Daniel Ghali notes.
United States EIA Crude Oil Stocks Change above expectations (-2.5M) in July 25: Actual (7.698M)