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Market Insights

WTI weak as U.S. bank credit likely to tighten despite dovish Fed rate hike

WTI oil prices rose to near $70.80 in early trading Thursday, with the bulls dominating for the fourth consecutive day. In this case, WTI oil prices consolidated near the one-wee

23.03.2023 17:32:46

API crude oil inventories unexpectedly increased, Fed rate decision and EIA crude oil inventories will bring clear direction to oil prices

WTI oil prices rose 2.4% toward the close of the U.S. session on Tuesday, bouncing from a low of $66.96 to a high of $69.72, as investors regained some confidence in the economic

22.03.2023 17:23:59

WTI rebounds on improving sentiment amid mixed news on banking crisis

WTI oil prices rebounded in early European trading after falling in the Asian market to set an intraday low of US$66.90, and are currently trading at US$68.58/barrel. Although th

21.03.2023 18:13:54

WTI could hit the $60 mark as global banking turmoil overshadows central banks' liquidity efforts

Despite the safeguards of the major central banks, the banking crisis could spread. In the European market on Monday, the price of West Texas Intermediate (WTI) oil still fell be

20.03.2023 17:11:24

U. S. dollar fell and China's energy demand is expected to increase, and major oil-producing countries kept their output unchanged, prompting a rebound in oil prices

WTI oil edged up to $68.80 on Friday, paring its biggest weekly loss since early December. During this period, WTI oil prices verified a bullish technical pattern, while also tak

17.03.2023 17:44:46

Oil dips as investor optimism over 2023 growth outlook fades amid Credit Suisse crisis

WTI crude oil prices hit December 2021 lows on Wednesday as markets continued to be weighed down by banking concerns, with a three-day rout finding support near the $66 mark. The

16.03.2023 18:08:18

WTI Oil Ignores IEA's Upbeat Demand Outlook, RSI Suggests Further Falls

WTI oil futures on the New York Mercantile Exchange (NYMEX) rebounded from $71.00 on Wednesday. The rebound in WTI oil prices is gradually approaching around $72.26. Further gain

15.03.2023 18:54:02

WTI dips even as dollar weakens as global growth concerns start to mount amid Silicon Valley Bank

West Texas Intermediate (WTI) crude was flat on Tuesday amid a weaker dollar and a retreat in risk sentiment. WTI oil has fallen to a low of $72.31 amid price volatility on Monda

14.03.2023 17:54:43

Oil bulls cautious ahead of OPEC, EIA report, U.S. February CPI

WTI crude remains capped near $77.00 as bulls struggled to cheer broad risk-on sentiment and dollar weakness early on Monday. Even so, crude was defending the previous day's ral

13.03.2023 17:59:11

Oil dips below $75 per barrel on weak global economic outlook

On Friday, Nymex West Texas Intermediate (WTI) futures fell below $75 a barrel during the Asian session. Oil prices resumed their downward journey, as market participants' optim

10.03.2023 16:13:22

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