Crude Oil Markets Test 50 Day EMA

WTI Crude

The West Texas Intermediate Crude oil market has fallen hard during the trading session on Tuesday again to reach the 50 Day EMA. That being said, the market is looking very likely to see a bit of support just below, so I will be paying close attention to it.

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Crude Oil Markets Test 50 Day EMA via @marketinvestor

Crude Oil Makes New Highs Today

WTI Crude

Crude oil prices spiked again on Sunday night as the US mulls over a ban on Russian oil imports and seeks other European countries to join it. This has sent the Russian rouble to a fresh low against the dollar.

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Crude Oil Makes New Highs Today via @marketinvestor

Crude Oil Prices Surpassing $100 a Barrel

WTI Crude

On Monday Energy ministers representing Cyprus and Egypt said they were deeply concerned about the potential for crude oil prices to climb above $100 a barrel. It comes at a time when more than a dozen countries have urged their citizens to leave Ukraine amid warnings of an imminent Russian invasion.

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Crude Oil Prices Surpassing $100 a Barrel via @marketinvestor

Oil Prices Climb After US Stocks Drop

WTI Crude

Oil prices climbed today after two sessions of losses as industry data showed an unexpected drop in U.S. crude and fuel stocks, offsetting concerns of a possible rise in supplies from Iran. Brent crude futures rose 41 cents, or 0.5%, to $91.19 a barrel by 0422 GMT, while U.S.

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Oil Prices Climb After US Stocks Drop via @marketinvestor

WTI Crude Dips Below $87.00 Level

WTI Crude

Crude oil markets have seen a subdued start to the week, with front-month WTI crude futures spending most of Monday’s session thus far consolidating within an $87.00-$88.00 range, not far below last week’s multi-year highs at $88.82 per barrel.

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WTI Crude Dips Below $87.00 Level via @marketinvestor

Crude Oil Prices to Hit the $95 Mark

WTI Crude

Crude oil prices rallied sharply as market fears of another coronavirus-induced hit to demand failed to materialise. Supply-side constraints then sustained the rally. Strategists at ANZ expect the market to remain in deficit in first quarter of 2022.

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Crude Oil Prices to Hit the $95 Mark via @marketinvestor

Oil Prices Are At a Seven Year High

WTI Price

Oil prices rose to a 7-year high today amid ongoing supply concerns and escalating tensions in the Middle East, but Exxon Mobil CEO Darren Woods said the ultimate trend for prices will be lower. In the immediate future, however, the oil executive said the market should expect volatile prices as the industry’s recovery from Covid-19 continues.

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Oil Prices Are At a Seven Year High via @marketinvestor