Crude oil price

WTI Crude Oil Price Looks Bearish Despite Production Cuts from OPEC+. Here’s Why.

WTI crude oil price CFDs finished yesterday unchanged at $51.05, down from its open price at $51.13, despite the OPEC+…

Feb 07, 2020, 07:00 GMT

WTI Crude Oil Price Technicals Suggest A Potential Rally Above $53.00

Contrary to gold, WTI crude oil price benefitted from news of a potential coronavirus vaccine. For the first time in…

Feb 06, 2020, 07:00 GMT

Crude Oil Price Holds Gains Despite Rise in Crude Oil Inventories

Despite a rise in crude oil inventories by 3.4million barrels, crude oil price on the Brent variety managed to hold…

Feb 05, 2020, 16:47 GMT

USDCAD Stalls At Resistance As Oil Prices Stage Intraday Rebound

The USDCAD pair has hit a critical resistance level around 1.3300 and is struggling to find positive momentum as oil…

Feb 04, 2020, 12:56 GMT

WTI Crude Oil Price Bounces from 13-Month Lows, Cautiously Trades Above $50.00

WTI crude oil price CFDs are up close to $1 from its Asian session lows as market sentiment has improved.…

Feb 04, 2020, 07:00 GMT

Coronavirus: OPEC Plans Output Cuts to Shore Up Crude Oil Price

Crude oil price on the Brent and WTI varieties were slightly higher on the day as a Reuters report indicates…

Feb 03, 2020, 12:28 GMT

Crude Oil Price Hits Eight-Month Lows on Demand Fears

Crude oil price is 0.13% lower at $51.46 amid demand fears due to the coronavirus outbreak. The U.S. issued a…

Feb 03, 2020, 07:47 GMT

Crude Oil Price Slides Lower on WHO’s Coronavirus Announcement

Crude oil price on Brent and the WTI varieties extended their steep slides on the week as Coronavirus-induced risk-off sentiment…

Jan 31, 2020, 17:25 GMT

Crude Oil Price Pairs Gains After Two Coronavirus Cases Confirmed in UK

Crude oil price gives up early gains and it is marginally on the positive territory after reports of two confirmed…

Jan 31, 2020, 11:34 GMT

WTI Crude Oil Price Drops Below $53.00 on US Inventories

WTI crude oil price gave up all of its gains from Tuesday and resumed its down trend in yesterday’s trading.…

Jan 30, 2020, 05:00 GMT

Crude Oil Price Rebounds From Three Month Lows

Crude oil price trades higher today supported by the OPEC+ comments that they might deepen the output cuts to support…

Jan 29, 2020, 11:04 GMT

Crude Oil Price Rebounds On Possible OPEC Cut Extensions

Crude oil prices are experiencing a rebound today on a Reuters report of a possible extension of production cuts agreed…

Jan 28, 2020, 14:05 GMT