West Texas Intermediary (WTI) Crude Oil prices are seeing further gains on Wednesday despite global markets seeing a broad turnaround into safe havens
WTI Crude Oil is seeing green for Wednesday despite broader market sentiment taking a hit. US Crude prices initially rose nearly $2/barrel on the day before broad-market risk aversion restrained prices. Middle East geopolitical tensions from the Gaza Strip escalation continue to weigh on energies. .
3M drawdown and eating significantly into the previous week's 10.176M barrel buildup. WTI Technical Outlook WTI Crude Oil barrels touched a fresh daily high of $88.50 before slipping back into the $87.00 neighborhood as risk aversion weighs on markets, but Middle East tensions are keeping Crude prices bid into the green for Wednesday. Daily candlesticks are struggling to shrug off the 50-day Simple Moving Average currently parked near $85.
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Crude prices climb as deadly hospital blast in Gaza ratchets up regional tensionsBarbara Kollmeyer is based in Madrid, where she leads MarketWatch's pre-markets coverage of financial markets and writes the Need to Know column. She has worked in London and Los Angeles for MarketWatch previously. Follow her on Twitter bkollmeyer.
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Crude prices surge as deadly hospital blast in Gaza ratchets up regional tensionsBarbara Kollmeyer is based in Madrid, where she leads MarketWatch's pre-markets coverage of financial markets and writes the Need to Know column. She has worked in London and Los Angeles for MarketWatch previously. Follow her on Twitter bkollmeyer.
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