Crude oil price rose sharply after inventories data was released. The XBRUSD pair rose to a high of 59.57.
Crude oil price reached a high of 59.55 yesterday. In the American and Asian session, the XBRUSD pair dropped and tested a low of 57.95.
Crude oil price extends its winning-streak into a fourth straight day today, rallying 1% to reach the highest levels since last Wednesday at $56.27.
Crude oil price fell deep into the bear territory after the EIA released inventories data for the past week. XBRUSD declined sharply to a low of $55.46.
Crude oil price fell slightly on Wednesday, below $60 a barrel because of increasing trade tensions between China and the United States.
Crude oil price plunges today after Iran announced that it had captured another vessel in the Persian Gulf.
In today's crude oil price forecast, WTI extends the consolidation theme between $56.00 a barrel and 57.00 resistance.
Yesterday, US stocks and Treasuries declined sharply as investors continued to worry about the implications of the trade war.
Crude oil price has started to decline on Thursday when it reached a high of $68.50. Today, Brent crude oil price declined to 65.95.
The price of crude oil gained sharply in overnight trading as Saudi Arabia announced plans to reduce supplies.
The price of crude oil resumed declines overnight and dropped near the $66 mark. This was mostly because of increased US crude oil stocks. Will the XBRUSD continue to drop lower? Gain insight into the following technical forecast.
After dropping sharply after the Energy Information Administration (EIA) released inventory data, crude oil price rose slightly to $72. What is next? Gain insight into the following XBRUSD technical forecast.