WTI
92.924
Today
-1.33%
5 Days
+5.74%
1 Month
-7.05%
6 Months
+7.27%
Year to Date
+62.21%
1 Year
+59.97%
Key Data Points
Opening Price
94.024Previous Closing Price
94.203WTI 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.
MUFG’s Derek Halpenny argues that Middle East developments and Houthi attacks on Saudi infrastructure raise the probability of higher crude Oil prices. He warns that an escalation involving US support for Saudi Arabia or renewed strikes on Iran could push Oil back toward earlier-year peaks. Such a move would likely trigger another jump in long-term yields and broader market volatility, impacting global FX.
West Texas Intermediate (WTI) declines after four days of gains, trading around $93.20 per barrel during European hours on Wednesday.
West Texas Intermediate (WTI) – the benchmark US Crude Oil price – retreats from the vicinity of mid-$94.00s, or an over two-week high set during the Asian session on this Wednesday, snapping a four-day winning streak.
West Texas Intermediate (WTI) oil price extends its gains for the fifth consecutive day, trading around $94.30 per barrel during Asian hours on Wednesday.
Yemen’s Houthi rebels launched a series of missile attacks targeting cities across Saudi Arabia as the military said projectiles are being intercepted. Falling shrapnel in Dhahran and Riyadh injured at least four people in the Saudi capital.
Crude Oil trades lower on Tuesday, as investors ponder the impact of the US President, Donald Trump’s decision to lift the ban on Russian diesel imports.
