Crude Oil Futures: Upside appears limited

United States News News

Crude Oil Futures: Upside appears limited
United States Latest News,United States Headlines
  • 📰 FXStreetNews
  • ⏱ Reading Time:
  • 41 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 20%
  • Publisher: 72%

Crude Oil Futures: Upside appears limited – by pabspiovano Oil Commodities Energy OpenInterest Futures

eadings from CME Group. On the other hand, volume added to the previous daily build and rose by around 128.4K contracts.prices rose markedly on Tuesday amidst decreasing open interest. That said, the likelihood of further gains appear diminished while the key 200-day SMA around the $77.00 mark per barrel emerges a quite a solid hurdle for the time being. This area also coincides with the July peaks.

If not otherwise explicitly mentioned in the body of the article, at the time of writing, the author has no position in any stock mentioned in this article and no business relationship with any company mentioned. The author has not received compensation for writing this article, other than from FXStreet.

FXStreet and the author do not provide personalized recommendations. The author makes no representations as to the accuracy, completeness, or suitability of this information. FXStreet and the author will not be liable for any errors, omissions or any losses, injuries or damages arising from this information and its display or use. Errors and omissions excepted.

The author and FXStreet are not registered investment advisors and nothing in this article is intended to be investment advice.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

FXStreetNews /  🏆 14. in US

United States Latest News, United States Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Crude Oil Forecast: Crude Oil Markets Experience VolatilityCrude Oil Forecast: Crude Oil Markets Experience VolatilityThe oil markets displayed a back-and-forth movement during Monday\u0027s trading session, contributing to increased volatility early in the week.
Read more »

Crude Oil Forecast: Oil Markets Navigate Volatile TerrainCrude Oil Forecast: Oil Markets Navigate Volatile TerrainThe Crude Oil markets have recently experienced periods of volatility, primarily triggered by their retracement from the 200-Day Exponential Moving Average.
Read more »

WTI crude oil loses traction near the $74.20 mark as markets turn cautiousWTI crude oil loses traction near the $74.20 mark as markets turn cautiousWestern Texas Intermediate (WTI), the US crude oil benchmark, is trading around the $74.20 mark so far this Tuesday. WTI retreats from around $77 afte
Read more »

Oil edges higher after back-to-back declinesOil edges higher after back-to-back declinesOil futures find support early Tuesday.
Read more »

Russian crude imports expose India forex struggleRussian crude imports expose India forex struggleThe UAE is the Modi administration’s new target as it tries to make the rupee a global trading currency. Sanctions-hit Russia wasn’t keen, so refiners like Indian Oil have to settle deals with Moscow in yuan. New Delhi has yet to show it’s offering more than a speculative bet.
Read more »

McKinney woman’s life turned upside down: losses from death, flood, and scamMcKinney woman’s life turned upside down: losses from death, flood, and scamIf bank tellers and financial advisors fear a customer is being swindled, should they speak up? State law says they can. What happens when they don’t?
Read more »



Render Time: 2025-03-06 17:32:32