Oil fell below $52.00 because investors expect a weaker oil demand amid rising Covid-19 infections and new lockdowns.
Tag - wti - west texas intermediate
Joe Biden is going to unveil a Covid-19 relief package of about $2 trillion. After this announcement, the 10-year Treasury yield rose, adding support for the USD.
The gains the WTI oil price did recently are pretty outstanding. Use it - but read the analysis first.
The US dollar’s weakness offered a boost to emerging-market currencies and oil.
WTI oil price doesn't seem to care much about what's happening in the US Capitol. Why should it, right? Anyway, the USD is trembling - see the market update.
WTI oil pulled back after it surged above $52.00 for the first time since February. What's next?
The market sentiment deteriorated as the new Covid-19 variant engulfed the UK. As a result, riskier assets such as S&P 500, oil, the AUD, the NZD dropped.
This article is about the outlook of the oil market for the next year. Get in and see how to trade the black gold!
The gold, oil prices and the pound are at local highs; apart from that, seems to be a pretty regular day in the Forex market. Perfect for trading!
The oil price looks optimistic. What are the reasons?
S&P 500 takes a pause near the all-time high, while the US dollar remains at the lowest levels since 2018.
How to trade oil ahead of OPEC+ crucial decision?