Tag Archives: range

WTI managed to string three consecutive sessions in the greens this week, rebounding from last week’s lows and the commodity is currently trading near the $79 per barrel. Supporting the ascend to higher ground has been growing concerns over supply shortages alongside rekindled optimism for a recovery in demand. Furthermore, …

This week WTI failed to capitalize on the excess optimism of China’s reopening as it extended its sideways motion near the $80 range as recession fears kept capped crude oil’s potential. US inventories recorded buildups for a third straight week, yet not of the same magnitude and next week energy …