Browsing: Brent vs WTI

Distribution of commercial longs- all time. Source: Duggan Capital. In summary: Specs still short at high but not maxed out…

The crude oil market has strong support at $60. A break below this level would confirm massive oversupply concerns and…

U.S. Inventories Surprise to the Upside Bearish pressure intensified after the EIA reported a 2.4 million barrel build in crude…

On Friday, Light Crude Oil Futures settled at $61.87, down $1.61 or -2.54%. Will OPEC+ Flood the Market Early? The…

At 09:18 GMT, Light Crude Oil Futures are trading $63.39, down $0.09 or -0.14%. OPEC+ Output Talks Fuel Supply Uncertainty…

Resistance Confirms and Support Levels Break The daily high of $64.28 aligned with resistance at the 20-Day average, while the…

Conversely, a rebound above $63.30 could attract dip buyers, though any rally faces resistance at $64.40 and again at $66.18,…

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Daily Light Crude Oil Futures Wednesday’s 1.77% decline pushed NYMEX WTI futures back to $64.43, just under the $65.10 resistance…