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Where next for daily oil prices ?

Crude oil futures continued to trade in a narrow range yesterday, with the October WTI contract closing the day marginally lower at $95.36 per barrel, having reached an intraday high of $96.03 during the oil trading session. Following the recent breakout from the sideways consolidation...

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Daily oil prices – WTI August contract

Daily oil prices today have traded in a tight trading range throughout the session with the August WTI futures contract only marginally higher at the time of writing at $84.44 per barrel, having opened the session at $84.14. Since breaking below the psychological $100 per...

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WTI oil price in the CFTC report

The CFTC weekly report can provide some valuable insights into the market sentiment for a wide variety of commodities and currencies, but the way this data is presented is far from user friendly, and is therefore ignored by many oil traders. In addition, many traders...

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Daily Oil Prices 24 Mar 2011

Having finally broken out of its long sideways consolidation the question now is just how far daily oil prices are likely to rise if and when they manage to break through the March 7th top at 106.  One of the most straightforward methods would be...

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