WTI Crude Oil remains under pressure near mid-$65s amid thin holiday trading and a lack of fresh catalysts. Traders remain cautious ahead of the July 5 OPEC+ meeting and the July 9 deadline for potential US tariff action. OPEC+ is expected to approve a third consecutive supply increase for August, though actual output remains below
WTI Crude Oil consolidates near key support, OPEC+ decision looms Read More »
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
WTI Crude Oil consolidates between key levels as traders await economic cues Read More »
WTI edges higher on Friday, though the intraday uptick lacks bullish conviction. Mixed demand-supply cues hold back traders from placing fresh directional bets. Acceptance above the 200-day SMA supports prospects for further near-term gains. West Texas Intermediate (WTI) US Crude Oil prices attract some buying near a technically significant 200-day Simple Moving Average (SMA) during
WTI consolidates around $78.00, remains on track to post second straight week of gains Read More »
