WTI
92.637
Today
-1.90%
5 Days
-5.46%
1 Month
+9.24%
6 Months
+5.15%
Year to Date
+61.66%
1 Year
+43.48%
Key Data Points
Opening Price
94.187Previous Closing Price
94.433WTI 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.
• WTI crude oil prices dropped due to easing Middle East supply disruptions. • U.S. crude inventories expanded unexpectedly, adding downside pressure to front-month futures. • Technical indicators show neutral signals alongside a sell condition for Williams %R.
West Texas Intermediate (WTI) oil price declines after two days of gains, trading around $92.60 per barrel during Asian hours on Friday.
Commerzbank analysts note that escalating US-Iran tensions and fresh attacks in the Strait of Hormuz are tightening physical oil markets, with record premiums at Cushing pointing to strong demand for immediate supply.
West Texas Intermediate (WTI), the US crude oil benchmark, is trading around $91.40 during the early Asian trading hours on Thursday. WTI tumbles amid hopes for diplomatic progress between the US and Iran.
West Texas Intermediate (WTI) Oil rebounds on Wednesday after five straight days of losses as traders assess the latest Middle East developments and US inventory data.
TD Securities’ Ryan McKay and Bart Melek note West Texas Intermediate (WTI) Crude prices are holding relatively strong despite intense headline risk and elevated speculative positions, with CTAs (Commodity Trading Advisors) adding back length rather than cutting exposure.
