Forecasts & Analysis | WTI Crude Oil

Gold prices are currently hovering near $2,000 an ounce after minutes from the Federal Reserve’s November meeting revealed policymakers expressed no sense of urgency to raise interest rates again for the second consecutive month running.

Crude oil markets fell hard during the trading session on Wednesday, as we have crashed toward previous support.

Flat Brent, WTI oil prices as traders await OPEC+ decisions amid economic worries and a significant rise in U.S. crude inventories.

Oil traders are waiting for additional catalysts after a strong rebound.

Crude oil markets were rather quiet during the trading session on Tuesday in the early hours, as the market is digesting the gains from the previous 2 trading sessions.

WTI and Brent Crude Oil face bearish trends amid OPEC+ deliberations and inventory reports. Key resistance and support levels await market reactions.

Crude oil investors are adopting a cautious stance as OPEC+ meeting nears, influencing a downturn in futures prices.

Houthi militants seized a cargo ship in Red Sea, raising worries about the safety of oil supply routes.

A growing chorus of the world’s most powerful Wall Street banks have described the current economic climate as “The Golden Age of Trading”.

The crude oil markets have rallied a bit during the trading session on Monday, to continue the recovery that we had seen on Friday.