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Based on the current price at $69.01, the direction of the October WTI crude oil market today is likely to be determined by trader reaction to the Fib level at $68.46. A sustained move over $68.46 ...
Based on the early price action and the current price at $24.49, the direction of the May WTI crude oil futures contract the rest of the session on Thursday is likely to be determined by trader ...
Oil prices fell 2% on Monday after China’s stimulatory plans failed to impress traders and oil alliance OPEC lowered its demand forecast. West Texas Intermediate closed at $73.83 per barrel ...
The bank said oil prices could go as high as $120 per barrel in the first quarter of 2025, implying a 62% increase. ... which is for crude prices to stick around $74 a barrel before drifting lower ...
Crude oil markets fell just a bit during the trading session on Thursday again, as the United Arab Emirates continues to dig in their heels when it comes to increasing production.
Crude oil markets rallied to start the week on Monday, as we continue to see a bit of resiliency in this market overall. Helping the situation was a falling US dollar as well.