WTI falls more than 2% after rising for two days. Sharp decline in European markets and in Wall Street futures put downward pressure on oil. Ahead: US and EIA inventory data. Crude oil prices are falling significantly on Thursday after having risen sharply in the previous two days. WTI is trading just below $ 40, […]
Tag: WTI
USD / CAD rises to six-day highs above 1.3170
USD / CAD is moving higher on renewed demand for the safe haven US dollar. WTI consolidates Wednesday’s 2% move. The focus is on US labor data. The pair USD / CAD moves higher during Thursday’s European session and rises to new 6-day highs above the 1.3170 level, looking to extend its three-day recovery from […]
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 […]
Oil: WTI falls back after IEA fragility outlook, remains in the $40 zone
Dollar and markets with lateral movements favor low volatility in oil. WTI loses steam and fails to assert itself over $ 40. He Oil price is falling less than 1% on Wednesday, after the International Energy Agency (EIA for its acronym in English) warned that the outlook in the market remains “fragile”, affected by the […]
