交易新闻
24 Apr 2015
WTI retreats to $57.00
FXStreet (Edinburgh) - The barrel of the West Texas Intermediate is trimming recent gains and returning to the $57.00 neighbourhood.
WTI extends the positive streak
After hitting fresh ytd tops beyond the $58.00 mark on Thursday, crude oil prices are trading lower today, although closing another week in the positive territory. A continuation of the geopolitical effervescence stemming from the Middle East plus a softer US dollar fuelled the upside although another increase in crude oil inventories capped potential gains.
In addition, driller Baker Hughes has informed that US oil rigs in use has decreased by 31 to 703 in the last week.
WTI relevant levels
The barrel of WTI is now losing 0.95% at $56.19 with the next support at $55.76 (low Apr.23) ahead of $54.85 (low Apr.20) and then $50.63 (low Apr.9). On the other hand, a break above $58.32 (2015 high Apr.23) would open the door to $59.53 (high Dec.12) and finally $61.34 (high Dec.10).
WTI extends the positive streak
After hitting fresh ytd tops beyond the $58.00 mark on Thursday, crude oil prices are trading lower today, although closing another week in the positive territory. A continuation of the geopolitical effervescence stemming from the Middle East plus a softer US dollar fuelled the upside although another increase in crude oil inventories capped potential gains.
In addition, driller Baker Hughes has informed that US oil rigs in use has decreased by 31 to 703 in the last week.
WTI relevant levels
The barrel of WTI is now losing 0.95% at $56.19 with the next support at $55.76 (low Apr.23) ahead of $54.85 (low Apr.20) and then $50.63 (low Apr.9). On the other hand, a break above $58.32 (2015 high Apr.23) would open the door to $59.53 (high Dec.12) and finally $61.34 (high Dec.10).