WTI
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Crude Oil Forecast: WTI Holds Steady Amid Putin-Trump Meeting
After falling to the $65 per barrel zone, WTI has rebounded by more than 4% over the last five trading sessions.
Crude Oil Forecast: Short Covering and WTI Spread Hint at Bounce
I've watched net-long exposure to crude oil decline alongside prices in recent weeks. But with managed funds culling shorts at their fastest pace in a year and volumes now rising alongside prices, perhaps yesterday's bounce on WTI has more to give.
Oil Update: WTI Crude Hits Three-Month Lows
The price of WTI crude has dropped more than 6% over the past four trading sessions, settling around $67 per barrel, a level not seen since early December 2024.
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Crude Oil Rebounds Amid Apparent Short-Covering Rally, but Will Bulls Return?
The cancelation of Chevron's Venezuela license sparked a 2% rally for crude oil. Futures positioning hints at short-covering, leaving the question as to if bulls will return to support a true rally.
Oil Forecast: Bearish Pressure Pushes WTI Toward the $70 Zone
The price of WTI has dropped more than 3% over the last three trading sessions. This significant bearish movement is mainly due to a potential easing of geopolitical tensions, such as the conflict in Ukraine.
Crude oil forecast: Could WTI rebound despite large crude stocks build?
Half an hour after the release of the official weekly oil inventories report, oil prices had not responded significantly, remaining near the session lows.
Gold is just $65 away from its $3k milestone, Crude oil bulls return
Trump's latest round of tariffs sent key commodities higher on Monday, with gold notching up yet another record high and honing in on its $3k milestone. Inflationary concerns ahead of Powell's testimony and US CPI also saw crude oil rebound 1.6% from key support levels.
WTI crude oil is down, but not out
With futures traders continuing to cover longs, further losses cannot be ruled out without a fresh fundamental catalyst. But given crude oil's 11% decline and plethora of support levels above $70, a technically-driven bounce is not a crazy idea.
Crude oil turns lower as Mexican tariffs delayed
Against a backdrop of rising OPEC+ supply and the potential for increased non-OPEC supply growth, mainly in the US, the crude oil forecast remains modestly bearish.
Oil Price Forecast: WTI Spills Towards Yearly Open Support
Oil prices plunged more than 10% off the monthly high with WTI now testing critical support at the 2025 yearly open. A multi-timeframe view of the oil technical charts.
Crude Oil Update: WTI Barrel Weakens Amid Potential Production Increases
The WTI barrel has already recorded five consecutive sessions of losses, with a depreciation of more than 5%.
Crude oil outlook: WTI bounces off lows but selling could resume
With China’s improving economic conditions, demand concerns have reduced and in the short-term there is little risk of an oil glut forming, but the slightly longer term outlook is a bit murky with the potential for another supply war to emerge between US shale and OPEC+ producers.
3 things we learned from Trump's Inauguration Speech
Today Donald Trump has promised a 'new golden age' after he was sworn in as 47th president of the US. He declared that this era “begins right now," adding that America will be respected under his leadership as a "peacemaker and a unifier." But "We will drill, baby, drill."
WTI crude oil inflates its way into 2025, eyes break of $80
Concerns over rising inflationary pressures were building as we headed towards the end of 2024. And the rapid acceleration of crude oil prices this year is doing nothing to alleviate those concerns.
Tentative signs of reversals for EUR/USD, commodity FX: COT report
The macro drivers that fuelled the Trump trade in Q4 may need some sort of booster to be sustained. And futures positioning is already displaying early signs of caution among EUR/USD and commodity FX bears.
Crude Oil Forecast: WTI Continues Unstoppable Growth
Since the beginning of the year, WTI has increased its price by more than 8%, surpassing the psychological barrier of $75, previously regarded as the closest resistance.
Crude oil outlook: WTI faces a bumpy road in 2025
After rising in the first week of this year, oil prices are now showing a few signs of weakness as investors shift their focus towards Trump’s bearish energy agenda
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Oil Price Forecast: WTI Surges into 2025 as Bulls Go for the Break
Oil prices rallied more than 10% off the December lows with WTI attempting to breakout of a six-month downtrend. A multi-timeframe view of the oil technical charts.
Oil Market (WTI): The Next Bullish Opportunity in 2025?
During the final part of Q4 2024, WTI has remained within the $70 per barrel zone, fiercely resisting movements below this critical support.
2025 Crude Oil Outlook Technical Preview
See a preview of our full 2025 Crude Oil Outlook report!
2025 Crude Oil Fundamental Preview
See a preview of our 2025 Crude Oil Outlook report!
Crude oil outlook: WTI break down increasingly likely despite OPEC+ efforts
The lack of a more positive response after the OPEC+ meeting shows the market is disappointed and thus even lower oil prices could be the outcome. Our crude oil outlook remains modestly bearish, as before.
Oil Price Forecast: Oil Bears Reassert Control– Crude Support in View
Oil prices reversed from yearly open resistance this week with the bears aiming back towards multi-month range lows. A multi-timeframe view of the oil technical charts.