WTI
95.875
Today
-0.68%
5 Days
+6.27%
1 Month
-7.19%
6 Months
+10.96%
Year to Date
+67.24%
1 Year
+64.64%
Key Data Points
Opening Price
96.025Previous Closing Price
96.494WTI 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.
West Texas Intermediate (WTI) oil price halts its six-day winning streak, trading around $96.10 per barrel during Asian hours on Friday.
The International Energy Agency (IEA) said that member countries agreed to complete the release of 100 million barrels of oil that are still outstanding from an intervention in March to ease rising fuel prices, Bloomberg reported on Thursday.
ING’s Warren Patterson notes that Oil prices remain firm even as Persian Gulf supply recovers toward pre-war levels. He argues market concern over sustainability of these flows and the absence of a US-Iran deal are keeping a sizeable risk premium in Brent. ING maintains a low-conviction Brent forecast of $80/bbl for 4Q26 and $71/bbl for FY27, expecting lower prices into year-end.
West Texas Intermediate (WTI) oil price pares its daily losses, remaining in negative territory and trading around $94.00 per barrel during European hours on Thursday.
West Texas Intermediate (WTI) – the benchmark US Crude Oil price – drifts lower during the Asian session on Thursday, extending the previous day's modest pullback from the vicinity of the $95.00 psychological mark, or an over two-week high.
MUFG’s Derek Halpenny argues that Middle East developments and Houthi attacks on Saudi infrastructure raise the probability of higher crude Oil prices. He warns that an escalation involving US support for Saudi Arabia or renewed strikes on Iran could push Oil back toward earlier-year peaks. Such a move would likely trigger another jump in long-term yields and broader market volatility, impacting global FX.
