Free Trial

OIL: WTI targets the February low

OIL
  • WTI is now looking to test through the February low of $70.44, printed last Week, this was also the lowest printed level since 30th December.
  • Oil has slipped lower in early trade after falling some 3% Yesterday, a continuation on peace hope in Ukraine, after Trump said that negotiations will begin imminently.
  • A clear break through $70.44 in WTI, would open to $69.79 next.
62 words

To read the full story

Close

Why MNI

MNI is the leading provider

of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.

Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.
  • WTI is now looking to test through the February low of $70.44, printed last Week, this was also the lowest printed level since 30th December.
  • Oil has slipped lower in early trade after falling some 3% Yesterday, a continuation on peace hope in Ukraine, after Trump said that negotiations will begin imminently.
  • A clear break through $70.44 in WTI, would open to $69.79 next.