Crude Oil Technical Analysis

FxNews—The WTI crude oil returned bearish from the $80.1 immediate resistance, a barrier backed by the % 38.2 Fibonacci retracement level. $77.7 Fibonacci Support Halts Oil Dip The selling pressure...

FxNews—Black gold is having a pullback after its price dipped to as low as 76.9 per barrel against the U.S. Dollar on May 8. The uptick momentum surged the price...

Bloomberg—Recent data has shown an unexpected rise in crude oil stored in the United States. Specifically, during the week ending November 17, 2023, there was an increase of over 9...

Bloomberg—In the United States, the quantity of crude oil supplies experienced a rise of 1.335 million barrels for the week concluding on November 10th, 2023. This increase comes from a...

Bloomberg—Despite a slight increase on Friday, oil prices are on track to experience a third consecutive week of decline. The reason behind this trend is the diminishing concerns over supply...