WTI
91.130
Today
+1.83%
5 Days
-1.46%
1 Month
+6.06%
6 Months
-9.31%
Year to Date
+59.05%
1 Year
+46.66%
Key Data Points
Opening Price
89.360Previous Closing Price
89.505WTI Trading Strategy
Trading Strategy
Long positions above 79.90 with targets at 84.50 & 86.20 in extension.
Alternative scenario
below 79.90 look for further downside with 78.90 & 77.80 as targets.
Comment
long positions above 79.90 with targets at 84.50 & 86.20 in extension.
UOB Global Economics & Markets Research reports WTI crude settled at $90.42 per barrel and Brent at $103.53 per barrel on Wednesday, both extending strong year-to-date gains.
West Texas Intermediate (WTI), futures on NYMEX, claws back its slight early losses after attracting significant bids slightly below $88.00. The oil price has recovered vertically and has reclaimed the $90.00, trading 1.7% higher near $91.00 in the European trade.
• Crude prices rose due to Middle Eastern security concerns and tight supplies. • Strong refinery utilization and seasonal demand support robust physical crude intake. • Global commercial inventories remain below historical averages, sustaining upward price momentum.
West Texas Intermediate (WTI) – the benchmark US Crude Oil price – comes under some renewed selling pressure during the Asian session on Thursday, reversing the previous day's modest recovery gains.
West Texas Intermediate (WTI) oil price loses ground after posting modest gains in the previous day, trading around $89.10 per barrel during Asian hours on Thursday.
The US official stated on Monday that US Secretary of State Marco Rubio told the Iranian delegation to the United Nations General Assembly immediately leave the United States (US) after talks stalled, Axios reported.
