Crude oil prices came under pressure yesterday throughout the trading session with their decline being largely driven by the sell off in the equity markets. A comment from Treasury Sec Timothy Geithner saying that the US would be open to an expansion of the IMF...
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Daily Oil Prices – WTI Chart 25th March 2009
Yesterday’s performance in daily oil prices could be interpreted as quite steady, given the strengthening in the US dollar (often inversely correlated with crude) as well as some pullbacks in the equity markets following Monday’s impressive rally. It felt more like consolidation as if market...
Oil Prices Today – 16th March 2009
Initially going higher crude oil prices eventually declined losing 91 cents to settle just above the low of the day. Still the chart shows the oil price above all moving averages and on the upside the high of last week at $48.80 remains the next...
Daily Oil Prices – October 15th 2008
We saw another huge range yesterday of over $6 in oil prices, which engulfed the previous days session. Aftr breaking through Monday’s high, prices rose to challenge Fridays high, and there ran out of energy to fall back below Monday’s low, which is a bearish...
Trading Oil – Daily Price Forecast
Although Fridays range seemed relatively small to what we have been seeing of late it was still $4.46 and most significantly it made the lowest low we have seen since early February. The 9 day moving average has crossed down below the 14 day which...
