TAG WTI

No Image

World Crude Oil Prices Remain “Murky”

World Crude Oil Prices Remain “Murky” $OIL, $USO World Crude Oil prices declined on concerns over slowdown in China and other emerging markets. Losses were contained as US inventory fell more than expected while distillate stockpile surprisingly dropped last week. The front-month WTI Crude contract fell -2.95% while the Brent Crude contract dropped -2.71% on […]

The post World Crude Oil Prices Remain “Murky” appeared first on Live Trading News.

READ MORE 

No Image

Monday’s Technical Analysis For: WTI Crude Oil (USO)

Monday’s Technical Analysis For: WTI Crude Oil (USO) WTI Crude Oil closed lower Friday. The low range close set the stage for a steady to lower open Monday on NYMEX. Stochastics and the RSI are turning Neutral to Bearish indicating that sideways to lower prices are possible near term. Closes below the 20-Day MA crossing […]

The post Monday’s Technical Analysis For: WTI Crude Oil (USO) appeared first on Live Trading News.

READ MORE 

No Image

Friday’s Technical Outlook For: WTI Crude Oil (USO)

Friday’s Technical Outlook For: WTI Crude Oil (USO) $USO, $OIL WTI Crude Oil closed lower Thursday. The mid-range close set the stage for a steady open Friday on NYMEX. Stochastics and the RSI are turning Neutral to Bullish indicating that sideways to higher prices are possible near term. If WTI Crude Oil resumes the rally […]

The post Friday’s Technical Outlook For: WTI Crude Oil (USO) appeared first on Live Trading News.

READ MORE 

No Image

Thursday’s Techincal Outlook For: WTI Crude Oil (USO)

Thursday’s Techincal Outlook For: WTI Crude Oil (USO) $USO, $OIL, $GS Following Wednesday’s inclines, small body candles have been formed in the Asian session, as the low liquidity conditions dominated the movements ahead of Fed’s FOMC interest rate announcement. WTI Crude Oil stabilized above 23.6% Fibo mark at 46.55, a good technical catalyst in here. […]

The post Thursday’s Techincal Outlook For: WTI Crude Oil (USO) appeared first on Live Trading News.

READ MORE 

No Image

WTI Crude Oil: A Break Down Or Break Out Is Imminent

WTI Crude Oil: A Break Down Or Break Out Is Imminent $USO, $OIL. $GS For WTI Crude Oil, a breakout or breakdown is imminent as it consolidates inside converging trend lines. Given the fundamental backdrop and the late August rally, WTI could breaks to the Northside. 1st resistance marks are at 45.65 followed by the […]

The post WTI Crude Oil: A Break Down Or Break Out Is Imminent appeared first on Live Trading News.

READ MORE 

No Image

Oil falls to $44.00 a barrel, Fed eyed

FXStreet (Córdoba) – Oil faced some selling pressure and dropped to the $44 area as worries about China and mixed expectations ahead of the Federal Reserve meeting weighed on commodities.

Oil prices even shrugged off a report from the Organization of Petroleum Exporting Countries (OPEC) which showed the cartel upwardly revised its world oil demand outlook for 2015.

Crude oil fell to a 4-day low sub-$44.00 a barrell, although it managed to recover slightly afterward. The barrel traded at $44.26 a barrel, down 1.2% on the day.

Both WTI and Brent crude futures lost around 3% last week amid China woes and lingering concerns over a global supply glut.

Oil faced some selling pressure and dropped to the $44 area as worries about China and mixed expectations ahead of the Federal Reserve meeting weighed on commodities.

(Market News Provided by FXstreet)

READ MORE