25 Mar 2015
WTI in highs, near $49.50
FXStreet (Edinburgh) - The barrel of WTI is advancing for the second consecutive week so far, with prices now hovering over session highs beyond the $49.00 mark.
WTI closer to $50.00
Crude oil prices managed to quickly leave behind another increase in the weekly inventories today, advancing for the 11th week and this time adding 8.2 million barrels to 466.7 million barrels, according to EIA.
The softer tone around the US dollar keeps bolstering crude oil prices, now trading at shouting distance from the psychological mark at $50.00.
WTI key levels
The barrel of WTI is now advancing 2.84% at $48.86 with the next hurdle at $49.39 (high Mar.25) ahead of $50.69 (high Mar.12) and finally $52.02 (high Mar.10). On the other hand, a breach of $47.01 (low Mar.25) would aim for $46.67 (low Mar.24) and then $45.33 (low Mar. 23).
WTI closer to $50.00
Crude oil prices managed to quickly leave behind another increase in the weekly inventories today, advancing for the 11th week and this time adding 8.2 million barrels to 466.7 million barrels, according to EIA.
The softer tone around the US dollar keeps bolstering crude oil prices, now trading at shouting distance from the psychological mark at $50.00.
WTI key levels
The barrel of WTI is now advancing 2.84% at $48.86 with the next hurdle at $49.39 (high Mar.25) ahead of $50.69 (high Mar.12) and finally $52.02 (high Mar.10). On the other hand, a breach of $47.01 (low Mar.25) would aim for $46.67 (low Mar.24) and then $45.33 (low Mar. 23).