Market Research

Forex analysis — the latest reviews of market instruments and news. All reviews are provided by analysts and shall not be considered as investment advice.

WTI Сrude Oil: downtrend will follow consolidation


Over the past few weeks, WTI has been trading in a narrowing sideways channel. It is worth noting that even the data from the US Department of Energy on the reduction of active drilling rigs and the extension of the OPEC+ agreement did not affect the price. In this situation, there is only one question: in which direction should we expect a breakdown? Either we will see further reduction in oil prices, or a gradual recovery.

Brent Crude Oil: general review


Oil quotes are trying win back they losses after falling on Monday. The price was supported by the suspension of production at the largest Libyan field of El Sharara due to the attack of militants and by the data of the weekly API report.

Brent Crude Oil: general review


Last week, Brent crude oil was traded in both directions. The long-term pressure on the market persists, but the instrument has kept from falling below the important psychological level of 60.00.

WTI Crude Oil: oil prices are going down


WTI crude oil price showed a decline on Thursday, updating local lows of November 30. However, by the end of yesterday's trading session, the instrument managed to recover a significant part of its losses, which was associated with the publication of weak data from the US.

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