The global recovery increased the demand for crude oil and dragged the price to the pre-crisis levels.
Tag - wti - west texas intermediate
The USD skyrocketed after Fed Powell’s speech. OPEC and allied producers agreed to extend production cuts for another month. Oil surged.
EUR/USD, the S&P 500, gold, and oil - everything is here! Jump in!
Oil fell below $52.00 because investors expect a weaker oil demand amid rising Covid-19 infections and new lockdowns.
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.
The US dollar’s weakness offered a boost to emerging-market currencies and oil.
Oil jumped to March high, stocks are heading to record highs, while the US dollar is on the back foot.
The worse-than-expected US retails sales pushed the USD down. How to trade today?
WTI oil pulled back after it surged above $52.00 for the first time since February. What's next?
Oil keeps rallying for the fourth day in a row after Goldman Sachs claimed that the oil market is in deficit and also because of the recent storm in the Gulf of Mexico, which led to the sharp decline of oil production. It is the best week for oil since June!
Investors are waiting for the significant decision of OPEC+ members to prolong oil output cuts or stop them.
Oil has surged to March highs amid optimistic vaccine news and the peaceful presidential transition. Read to know forecasts!