WTI
100.616
Today
+1.70%
5 Days
+4.22%
1 Month
+12.10%
6 Months
+8.60%
Year to Date
+75.50%
1 Year
+69.80%
Key Data Points
Opening Price
98.846Previous Closing Price
98.885WTI 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 remains stronger for the second successive day, trading around $98.80 per barrel during Asian hours on Friday. WTI price remains near its highest level in five weeks, driven by escalating geopolitical tensions and supply risks in the Middle East.
West Texas Intermediate (WTI) Oil rebounds on Thursday as ongoing tensions in the Middle East keep supply risks elevated, maintaining a significant geopolitical risk premium in energy markets. At the time of writing, WTI trades around $99, hovering near five-week highs and up 1.40% on the day.
Oil prices bounced up strongly on Thursday as clouds gather over the Middle East conflict, resurfacing market concerns about supply restrictions.
West Texas Intermediate (WTI) – the benchmark US Crude Oil price – attracts fresh buyers on Thursday, climbing to the $98.70 zone during the Asian session. The commodity remains within striking distance of its highest level since September 15, touched earlier this week, amid
West Texas Intermediate (WTI) oil price halts its three-day losing streak, trading around $97.70 during Asian hours on Thursday. Crude oil prices climbed following a drone attack on Saudi Aramco’s Shaybah oil field that resulted in two casualties.
Crude prices are reversing earlier losses on Wednesday, buoyed by rising concerns about supply disruptions as attacks in the Strait of Hormuz increase and Saudi Arabian Oilfields remain under threat.
