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Oil markets spiraled on the news, falling as much as 4% on Thursday. A report that Saudi Arabia would ditch its unofficial crude price target sent crude oil prices sharply lower on Thursday.
The direction of the June WTI crude oil market on Thursday’s opening will be determined by trader reaction to the Fibonacci level at $63.47. Crude Oil Price Update – Trend Changed to Up ...
Unless the Saudi’s rescind their threat to flood the market with crude oil, prices are doomed to drop another $5 to $10 per barrel. If they withdraw their threat then prices will surge similar ...
Based on the current price at $69.01, the direction of the October WTI crude oil market today is likely to be determined by trader reaction to the Fib level at $68.46. A sustained move over $68.46 ...
Oil traders, Houston, 2009 Nominal price of oil from 1861 to 2020 from Our World in Data. The price of oil, or the oil price, generally refers to the spot price of a barrel (159 litres) of benchmark crude oil—a reference price for buyers and sellers of crude oil such as West Texas Intermediate (WTI), Brent Crude, Dubai Crude, OPEC Reference Basket, Tapis crude, Bonny Light, Urals oil ...
Based on the current price at $67.82, the direction of the September WTI crude oil market the rest of the session is likely to be determined by trader reaction to the 50% level at $67.99.
The direction of the September WTI crude oil futures contract into the close on Wednesday is likely to be determined by trader reaction to $72.49.
Based on the early price action, the direction of the March WTI crude oil futures contract on Friday is likely to be determined by trader reaction to the downtrending Gann angle at $53.04.
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