The ascent of the WTI Crude Oil Futures (NYMEX: CL) has encountered a temporary barricade, relinquishing 42 basis points this week. Following an impressive seven-week surge, signs emerge that the…
An upward trend sets the stage for the WTI Crude Oil Futures (NYMEX: CL) to retest a 9-month high. The surge in oil prices was supported by supply cuts from…
The WTI Futures (NYMEX: CL) are in flux, responding to pivotal macroeconomic data expected from China and the United States, the world's largest oil consumers. China's Balance of Trade has…
Based on the EIA'S weekly crude oil Inventory count, demand for crude oil surged in the week of 28 July. A massive drawdown of 17.049M barrels was recorded, exceeding expectations…
The WTI Futures (NYMEX: CL) experienced a decline as Fitch downgraded the United States' credit rating, leading to risk-off sentiment. The country's credit downgrade from AAA to AA+ raised concerns…
While the sentiment around global demand improves, the supply side in the oil market has boosted the WTI futures (NYMEX: CL) to a 15.8% monthly gain in July, its highest…
Last week's trading session saw the WTI Crude Oil Futures (NYMEX: CL) rise by an astounding 4.55%, marking the oil futures' fifth straight week of advances. The Saudi Arabian supply…