WTI prices are moving within the usual range around $ 40.00. The next major resistance emerges around $ 41.50, monthly highs. Below is the API’s weekly crude oil supply report. WTI barrel prices they extend the consolidation mood for yet another session on Tuesday, always around the key $ 40.00 level. WTI attentive to the […]
Tag: Energy
WTI retreats from monthly highs near $ 41.50 before OPEC + meeting
WTI returns an initial move at $ 41.45, still near monthly highs. US oil is virtually unchanged on the day amid below-expectations China’s GDP and bullish equity markets. OPEC + will discuss the weakening outlook for oil demand. He WTI (NYMEX futures) back from monthly highs near $ 41.47 and remains virtually unchanged on the […]
EIA Crude Oil Stocks Change to -3.8 Million in the Week Ending October 9
The change in crude oil stocks in the US it was -3.8 million barrels in the week ending October 9, the weekly report released by the US Energy Information Administration (EIA) revealed Thursday. The analysts’ estimate was for a decrease of 2.8 million barrels. Market reaction Crude oil prices recovered modestly after this report, but […]
WTI drops to 2-day lows near $ 39.40 ahead of EIA report
WTI prices fell below $ 40.00. The API reported an unexpected drop of 5.4 million on Wednesday. The weekly EIA report appears next on the economic agenda. Crude oil prices erase the recent advance to highs beyond the $ 41.00 per barrel mark and fall to 2-day lows in the region of $ 39.40 on […]
WTI rises to new highs above $ 41.00 before API
WTI prices rise and return to the $ 41.00 level. The EIA forecasts a significant drop in global crude stocks in the fourth quarter of 2020. The API will release its weekly report on US crude oil supplies later. US Reference Barrel Prices for Light Sweet Crude they climbed to 3-day peaks above $ 41.00 […]
