WTI
87.952
Today
-2.58%
5 Days
-4.73%
1 Month
-2.74%
6 Months
-20.26%
Year to Date
+53.47%
1 Year
+45.62%
Key Data Points
Opening Price
90.712Previous Closing Price
90.274WTI 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) – the benchmark US Crude Oil price – attracts sellers for the second straight day on Monday and sticks to its intraday losses around the $89.00 mark through the early European session.
West Texas Intermediate (WTI) oil price extends its losses for the second successive day, trading around $89.30 during Asian hours on Monday.
The Organization of Petroleum Exporting Countries and its allies (OPEC+) agreed on Sunday to keep oil production targets steady for November. This move came in line with expectations that further output policy adjustments are unlikely until next year.
• Middle Eastern seaborne crude exports recovered, easing physical supply constraint fears. • US commercial crude inventories unexpectedly increased while domestic production remained near records. • Technical indicators show WTI in neutral to oversold market conditions.
Crude Oil prices show a moderate pullback on Friday as news of increased exports from Gulf countries offsets concerns about stalled US-Iran peace negotiations.
West Texas Intermediate (WTI) – the benchmark US Crude Oil price – attracts some sellers during the Asian session on Friday, snapping a two-day winning streak and stalling the previous day's recovery from the vicinity of a nearly four-week low.
