WTI
87.864
Today
+0.02%
5 Days
-0.28%
1 Month
-2.76%
6 Months
-19.64%
Year to Date
+53.43%
1 Year
+43.21%
Key Data Points
Opening Price
87.974Previous Closing Price
87.910WTI 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 trades lower on Wednesday, giving up earlier gains as a stronger US Dollar and recovering Middle East exports offset support from an unexpected decline in US crude inventories.
Governments belonging to the International Energy Agency (IEA) support accelerating the release of Oil stocks announced under the collective action agreed in March, according to a statement from the organization cited by Reuters on Wednesday.
West Texas Intermediate (WTI) oil price declines after paring its daily gains, trading around $89.00 per barrel during European hours on Wednesday.
ING analysts Warren Patterson and Ewa Manthey note that Oil supplies from the Persian Gulf are improving, but ICE Brent remains supported above $100/bbl as ongoing attacks on ships keep regional supply risks elevated.
West Texas Intermediate (WTI) – the benchmark US Crude Oil price – attracts some follow-through buying for the second consecutive day on Wednesday, building on the previous day's rebound from an over one-month low.
West Texas Intermediate (WTI) recovers on Tuesday as improving Middle East exports and planned G7 reserve releases offer only limited relief to markets, while a deadlock in US-Iran talks leaves shipping through the Strait of Hormuz exposed to security risks, keeping a significant geopolitical risk p
