The Middle East tension pushes the market into a cautious mode; oil, gold, and the safe-haven currencies gain.
Tag - wti - west texas intermediate
Oil price in 2020 is one of the central discussions among the analysts. What it will be depends on the factors of influence, which we examine in the article.
The American Crude Oil inventories will be announced at 18:00 MT time on December 27.
What are the importance of OPEC meetings and their influence on oil prices? This article examines the main factors answering this question.
Would you mind to trade some oil? If the answer is yes, you’ve clicked on the right section.
OPEC will hold another meeting on December 5-6. This article examines the possible outcomes of this meeting in the context of one of the primary influence factors.
The first week of December will be highlighted by the RBA meeting as well as the job report for the United States. Learn more!
Oil traders are awaiting the release of the weekly crude oil stocks change at 17:30 MT time.
Today, the oil prices may move on the release of crude oil inventories at 18:00 MT time.
According to yesterday’s news OPEC is considering further production cuts. The next meeting of oil-producing countries is scheduled for December 5-6. The announcement pushed the oil prices up yesterday.
Heads up to the release of weekly crude oil inventories at 17:30 MT!
Technically WTI is testing levels below the 200-week MA. This makes it vulnerable for the retest of June and August lows.