West Texas Intermediate (WTI), futures on NYMEX, has demolished the firmer rebound move, recorded on Monday. The black gold picked significant bids below $82.00 and moved higher, however, the pullback move concluded sooner and the asset resumed its downside journey. The oil prices are hovering around $83.00 and are expected to surrender the same.
brent crude oil prices
Crude Oil prices Slip, Taking a Breather From Massive Surge
Crude Oil prices fell on Tuesday, taking a breather after surging more than $5 a barrel in the previous session as a plunging dollar supported buying interest and on expectations the U.S. Federal Reserve’s interest rate hike may be less than thought.
Crude Oil prices above $110 per barrel to drag Nifty to 16410
Crude Oil prices: Expect volatility and choppiness to be the hallmark at Dalal Street in the near term due to Russia’s military incursion into Ukraine and US Federal Reserve’s aggressive statements on its rate hike decision going ahead.
Crude Oil edges higher on weaker dollar, demand optimism
Crude oil edged higher toward $64 a barrel, aided by a weaker dollar, as traders monitored a patchwork demand recovery from the pandemic.