Crude treads water this morning for a second day running, consolidating recent losses, with WTI having on Tuesday notched its biggest one-day decline in almost a year, in a violent pullback from…
Tag: Crude
Crude has a quiet week
Crude has had a relatively subdued week, with front WTI and Brent both trading in a relatively tight range. Once again, market participants have run through a ‘buy the rumour, sell the…
Crude oil rally paused awaiting US inventory data
Crude oil prices stabilized on Wednesday, although they remain near last month’s upper values. Brent crude futures hovered around the key level of $85 per barrel, while US WTI remained below $81…