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, …
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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 …
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WTI extended its fall this week and it is currently found trading near $76 per barrel. The Fed’s interest rate decision yesterday was apprehended as dovish by the market and caused the dollar’s fall to fresh 9-month lows and energy traders’ focus turns towards the looming European Commission’s proposal for …
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