WTI holds onto the recent gains near $82.40, up 0.05% intraday, during a quiet Asian session on Wednesday. The oil benchmark cheered the US dollar weakness and upbeat sentiment to ward off the bearish inventory levels published by industry sources the previous day. The latest moves, however, await the official stockpile data for further direction.
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Oil at $100 a Barrel Is ‘Possible’ This Winter, Mercuria Says
It’s “possible” that oil will hit $100 a barrel this winter, but $80 to $90 is the expected range, said Marco Dunand, the chief executive officer of commodities trader Mercuria Energy Group Ltd.
Oil Heading for Seventh Weekly Advance With WTI Nearing $80
Oil headed for a seventh weekly gain, the longest run since December, as a global energy crunch roiled markets from Europe to Asia.
Oil-Related Stocks Climb Across Asia As Brent Crude Rises To Near 3-Year High
Brent Crude Rises: Shares of Asia Pacific oil producers and refiners advanced as crude prices continued to jump, on the back of OPEC+ agreeing to maintain gradual production increases.
Crude Oil MCX Tips Today: Watch 5540 to 5600 | Neal Bhai Reports
Crude Oil MCX Tips Today: Oil is in uptrend but it’s getting close to historical resistance. Daily (D1) pattern configuration is a signal for a short trade.
Crude Oil Tips Today: Crude All Target Achieved 5250 To 5352
Crude Oil Tips Today: Crude Oil prices climbed $1 on Wednesday after industry data showed a larger-than-expected drawdown in U.S. crude inventories and on expectations demand will rise as vaccination roll-outs widen.