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WTI Flies High During A Typically Strong Month

April 17, 2019 6:52 AM
A potential bull flag is forming on WTI near its 7-month high. Whilst the August lows currently stand in its way, we think a break above $65 is eventually on the cards given the strength of the trend.

WTI Bulls May Still Have Gas in the Tank After a 15-Week, 50% Rally

April 9, 2019 6:40 PM
Oil prices have been on an absolute tear since bottoming around Christmas: West Texas Intermediate (WTI) has gained more than 50% over the past 15 weeks, with Brent experiencing a 41% rally of its own over the same period.

WTI Looks Firm As We Enter A Typically Strong Month

April 4, 2019 4:57 AM
WTI stands near a 5-month high and, whilst there are near-term signs of exhaustion, market positioning, technicals and seasonality suggest further gains could eventually unfold.

Oil Dumps Back Toward $50 as OPEC Punts Production Decision

December 6, 2018 4:54 PM
As my colleague Fawad Razaqzada noted earlier today, “it is not a question of whether [OPEC] will decide to cut supplies or not, but by how much.”

Crude oil unable to buck heavy pressure

June 22, 2017 8:14 PM
For the past month, the US crude oil benchmark, West Texas Intermediate, has been plummeting within a clearly-formed descending line, complete with short, intermittent relief rallies. After extending this sharp plunge down to key support around the $42 handle this week, Thursday saw another attempt at a modest rebound rally, which ultimately sputter...