Oil is one of the most commonly traded commodities in the world, and is available for trade in most of the top Forex trading platforms, as well as in many leading binary options platforms.
Oil is often known as petroleum, though in reality, petroleum is the result of the processing of crude oil, a natural liquid that is found underground. Crude oil prices fluctuate based on a variety of factors including natural disasters, political factors and fluctuations in the currency markets.
Likewise, oil prices also affect the Forex market, and therefore, it’s hardly surprising that many Forex traders also keep an eye on crude oil prices, and many even trade crude oil as a way to diversify their trading. To help you expand your trading horizons, the DailyForex trading room is happy to provide you with regular crude oil price technical analysis – we hope that it helps you trade profitably!
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In the West Texas Intermediate (WTI) Crude Oil market, Friday saw a robust rally that could potentially overshadow the influence of Jerome Powell due to a multitude of situational factors.
The West Texas Intermediate Crude Oil market experienced a notable decline during the recent trading session, marking an early loss of 2%.
Looking at the West Texas Intermediate Crude Oil market, it's slipped just a touch during Tuesday's session.
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The West Texas Intermediate (WTI) Crude Oil market displayed a modest upward move during Monday's trading session, surpassing the $85 level.
The West Texas Intermediate Crude Oil market embarked on an initial attempt to rally during Friday's trading session, pushing against the $80 threshold.
The West Texas Intermediate (WTI) Crude Oil market showed some gains during Thursday's trading session, indicating an attempt to reach the $80 level again.
In the West Texas Intermediate (WTI) Crude Oil market, Wednesday's trading session portrayed a sense of stability, with the $80 level underneath acting as a psychological bulwark.
The West Texas Intermediate Crude Oil market experienced a rather notable decline during Tuesday's trading session, with indications pointing towards a potential descent towards the $80 level.
The WTI Crude Oil market experienced a noticeable decline during the trading day, edging closer to the $82 level.
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WTI Crude Oil market's recent movements highlight the intricacies of the energy sector.
The trajectory of crude oil markets encountered a subtle roadblock on Thursday, hinting at a possible onset of market fatigue.
The recent bullish momentum observed in both the WTI Crude Oil and Brent markets underscores the ongoing optimism surrounding the oil sector.
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The crude oil markets faced a significant decline on Tuesday, following a period of notable upward pressure.
In the world of financial trading, two significant players are grabbing the spotlight as they strive to break through formidable resistance barriers.
The overall sentiment for oil appears bullish, with indications pointing towards further upside potential.