Author name: David Ryabchikov

WTI Crude Oil consolidates between key levels as traders await economic cues

WTI Crude Oil consolidates between key levels as traders await economic cues

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WTI remains range-bound with prices trading between the 20 and 50-day SMAs. Oil holds above $62, but a break lower could spark a drop toward $60. Momentum stalls as traders await direction from broader market catalysts. Crude Oil prices remain under pressure on Tuesday, weighed by a combination of rising global supply and persistent economic […]

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Saudi crown prince welcomes Trump to kingdom as U.S. leader begins four-day Middle East tour

Saudi crown prince welcomes Trump to kingdom as U.S. leader begins four-day Middle East tour

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Oil Prices Hold Firm on Trade Talk Optimism

Oil Prices Hold Firm on Trade Talk Optimism

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Crude oil futures ended the week higher, buoyed by renewed optimism around U.S.-China trade talks and signs of tightening inventories. West Texas Intermediate (WTI) settled near $59.91, marking a 2.78% weekly gain after rebounding sharply from multi-year lows earlier in the week. Bargain buying and improved sentiment supported prices despite strong macroeconomic and supply-driven headwinds.

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