WTI
97.395
Today
-1.62%
5 Days
+7.41%
1 Month
+1.45%
6 Months
+20.16%
Year to Date
+69.96%
1 Year
+70.49%
Key Data Points
Opening Price
98.865Previous Closing Price
98.995WTI 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 declines after seven days of gains, trading around 97.40 per barrel during Asian hours on Monday.
A secretary of Iran’s Supreme National Security Council, Mohsen Rezaei, warned on Sunday that Tehran has prepared a new retaliation plan for any renewed US-Israeli attack, as maritime authorities reported several separate attacks on commercial vessels around the Strait of Hormuz, CNBC reported.
West Texas Intermediate (WTI), futures on NYMEX, holds onto weekly gains near $96.00 during the European trading session on Friday. The oil price has gained significantly this week, as financial markets continue to offer risk premium due to prolonged Middle East conflicts.
West Texas Intermediate (WTI) – the benchmark US Crude Oil price – edges lower during the Asian session on Friday, trading as it holds above mid-$95.00s and remains close to a nearly four-week high, touched the previous day.
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.
