West Texas Intermediate (WTI) Oil price edges higher following a more than 7% decline registered in the previous week, trading around $68.90 per barrel during the Asian hours on Monday. However, the downside may be limited as rate cuts in China, the largest Oil importer, are expected to stimulate domestic economic activity, potentially increasing demand for Oil. The People’s Bank of China (PBoC) lowered the 1-year Loan Prime Rate (LPR) to 3.10% from 3.35% and the 5-year LPR to 3.6% from 3.85%, aligning with expectations.
wti
शिपिंग आपूर्ति संबंधी चिंताएँ जारी रहने से कच्चे तेल में उछाल आया है
सोमवार को शुरुआती एशियाई कारोबार में तेल की कीमतों (Crude Oil Prices) में बढ़ोतरी हुई, जिससे लगातार तीसरे दिन बढ़त रही, क्योंकि शिपिंग व्यवधान से आपूर्ति संबंधी चिंताएं बढ़ गईं। ब्रेंट क्रूड वायदा 16 सेंट या 0.2% बढ़कर 82.69 डॉलर प्रति बैरल हो गया, जबकि यूएस वेस्ट टेक्सास इंटरमीडिएट क्रूड फ्यूचर्स (WTI) 15 सेंट या 0.2% चढ़कर 77.73 डॉलर प्रति बैरल हो गया।
WTI Oil Technical Analyses: Target Price 87.30 To 88.80
WTI Oil Technical Analyses: U.S. oil may break a resistance at $86.20 per barrel, and rise into a range of $87.30-$88.80. Image source: Thomson Reuters The bullish momentum is pretty strong, as illustrated by the consecutive gains over the past few days. The contract could be riding on a wave …
WTI futures is continuously struggling to surpass the magical figure of $100.00
West Texas Intermediate (WTI), futures is continuously struggling to surpass the magical figure of $100.00 from the entire week. The oil prices have remained sideways amid the unavailability of any potential trigger that could guide the asset to a directive move. The black gold has traded in a $96.28-100.70 range and is likely to continue its consolidation further.
Crude Oil Futures: Addition Rebound Likely – Neal Bhai Reports
Crude Oil Futures: Thinking about preliminary readings from cme group for crude oil futures markets, traders brought round 14.3k contracts to their open hobby positions, reaching the 3rd every day boom in a row. Extent followed fit and rose with the aid of round 285.5k contracts.
Crude Oil Tips for Today: Further Losses Not Ruled out
Crude Oil Tips for Today: According to preliminary figures from CME Group for crude oil futures markets, traders added more than 10K contracts to their open interest positions on Thursday, reversing at the same time four consecutive daily pullbacks. On the other hand, volume dropped for the second day in a row, this time by around 179K contracts.
WTI stays above $82.00 ahead of EIA Inventories | Neal Bhai
WTI holds onto the recent gains near $82.40, up 0.05% intraday, during a quiet Asian session on Wednesday. The oil benchmark cheered the US dollar weakness and upbeat sentiment to ward off the bearish inventory levels published by industry sources the previous day. The latest moves, however, await the official stockpile data for further direction.
Oil Heading for Seventh Weekly Advance With WTI Nearing $80
Oil headed for a seventh weekly gain, the longest run since December, as a global energy crunch roiled markets from Europe to Asia.
Two Big Producers just Called the Bottom on Crude oil: $60 a Barrel
Gold Silver Reports (GSR) – Oman oil minister Mohammed Al-Rumhi told Bloomberg TV that the agreement between the Organization of Petroleum Exporting Countries (OPEC) and partners including Russia and Oman can sustain prices at $60 a barrel.
Crude Just had its Worst Month in a Decade, and its Next Move Depends on Saudi Arabia and Trump
West Texas Intermediate, or U.S. crude, lost 21 percent in November, tumbling to its lowest level in a year and logging its worst performance since October 2008.