The USD skyrocketed after Fed Powell’s speech. OPEC and allied producers agreed to extend production cuts for another month. Oil surged.
Tag - wti - west texas intermediate
While the oil cartel member country leaders meet to decide on the supply increase quantity, WTI oil price moved up a bit. What are we in for?
S&P made a significant dip down while the WTI oil price moves upward this Thursday; we are expecting news from the OPEC+ about the oil supply increase. Will it go higher or lower than expected? That'll eventually drive the oil price in either direction - prepare your levels.
This Tuesday evening, OPEC+ starts the series of this week's sessions to define the supply increase. Check the article out, and trade it!
After reaching $60, WTI oil has taken a new pattern - still an uptrend, though. When will it make the next step?
While the winter in Texas keep WTI oil above $60, gold goes down to November lows on high US Treasury yields. Watch the video for technical analysis of the key Forex assets!
Bitcoin skyrocketed to another record, approaching the milestone of $50 000. Jump in to get the full market wrap!
Dollar seems to be losing momentum while many currencies, commodities, and the S&P index are taking over local and all-time highs.
The global recovery increased the demand for crude oil and dragged the price to the pre-crisis levels.
The US President was quite adamant about where he wants to take the US oil industry. What's the possible response from the oil price?
On February 5, we added CFD-cash to the list of trading instruments in MetaTrader 5!
WTI oil is spearheading the camp of bulls today as it crosses $54; other assets are mostly volatile while the US dollar is pretty strong.