News hero gradient

oil WTI

Stay in step with market opportunities and get insights, actionable trade ideas and dedicated support.

  • Newest
  • Popular
Oil drilling in sea

WTI Crude Oil Forecast: Rejected at Resistance but Bullish Structure Remains

Oil prices have been very range-bound over the past few months but breakout potential remains as WTI has built an ascending triangle inside of the recent range.


Crude oil steadies ahead of OPEC, US inflation in focus: The Week Ahead

Thanksgiving in the US has made for a very quiet second half to the week for traders, but with a key US inflation report and an OPEC meeting on tap then volatility is expected to return next week. Also note that Australia releases inflation figures which could be the deciding factor as to whether the RBA hold or hike at their final meeting of the year.

default avatar
November 24, 2023 12:16 PM

WTI crude oil suffered its worst week in 6 months: Asian Open – 09/10/2023

The rapid decline of oil prices last week has seen calls for $100 WTI come into question. But with prices showing signs of stability above $80 on Friday and Iran declaring war on Palestine, oil prices will be closely watched due to concerns of a supply disruption potentially on the horizon.

default avatar
October 9, 2023 08:50 AM

Why trade with City Index?

Tight spreads from 0.5 pts on FX and 1 pt on indices.

Award-winning platforms with fast and secure execution.


WTI crude oil plunges, USD, yields retrace: Asian Open – 05/10/2023

The combination of softer US economic data and yields pulling back from their highs allowed risk assets to sigh in relief and lift themselves cautiously from their cycle lows. Although oil prices plunged at the prospects of a struggling consumer due to low gasoline demand, sending WTI crude oil 5.5% lower during its worst day this year.

default avatar
October 5, 2023 09:13 AM
Oil rig in the sea

Oil prices flirt with $100 handle

WTI crude has risen to $91.65 per barrel (bbl) at time of writing, with a $93.44 high Brent crude oil has risen to $94.58 per barrel (bbl) at time of writing, with a $95.66 high The US dollar index has risen to 105.2 with strong momentum

default avatar
September 20, 2023 09:12 PM

WTI crude oil analysis: European Open – 24th July 2023

WTI crude oil prices rose for a fourth consecutive week despite a recovery of the US dollar. Whilst it shows the potential to pull back from the $77 highs, short-covering of large speculators and managed funds over the past couple of weeks suggests it could be headed towards $80.

default avatar
July 24, 2023 03:43 PM
Market chart

USD/JPY, Oil outlook: Two trades to watch

USD/JPY falls ahead of debt ceiling talks. Oil edges lower after Chines trade data, US CPI in focus.

default avatar
May 9, 2023 05:33 PM

European Open: Sentiment falters ahead of the open

US futures and Asian indices partially handed back some of yesterday’s gains and oil touched a 1-month low as yesterday’s optimism shows early signs of petering out.

default avatar
June 22, 2022 03:26 PM

The global energy crisis - when will it abate and what does it mean for oil?

As economies recovered from the pandemic hit, soaring demand, combined with a supply crunch sent energy markets reeling. Oil and gas prices surged to multi-year highs before falling. Will the energy crisis ease in 2022? And what will this mean for oil prices?

default avatar
May 12, 2022 05:40 PM
road sign

SP500 - a dead cat bounce or the start of a stronger recovery?

A synchronised 'risk-on' move across multiple asset classes overnight, including the S&P500 and oil, based on optimism that Russia and Ukraine may find a diplomatic solution to end the bitter war and that OPEC+ will increase oil supply.

Congress building

US open: Stocks steady as US plans to announce Russian oil restrictions

US stocks point to a steady start as the White House prepares to announce a ban on Russian oil and as US companies continue the exodus from Russia.

default avatar
March 9, 2022 12:54 AM

Two trades to watch: Oil, EUR/USD

Oil sees heightened volatility on Russia-Ukraine fears. EUR/USD extends losses amid risk off trade and ahead of ECB Lagarde.

default avatar
February 14, 2022 07:50 PM
Close-up of market chart

European Open: EUR/CHF set to buck its trend?

EUR/CHF appears poised for a countertrend bounce, having displayed a momentum shift at key support levels.

Oil rig in the sea

Oil hits 7-year high, but is this sustainable?

Oil’s rally has been nothing short of impressive of late, yet falling volumes and bearish patterns at the highs warn of a potential correction.

default avatar
January 28, 2022 02:07 PM

European Open: Futures open higher, WTI back above $79

WTI managed to trade back above $79 during quiet trade overnight, and price action suggests bulls are trying to carve out a swing low.

default avatar
January 10, 2022 04:25 PM
Close-up of market chart

Asian Open: Markets rally heading into the close

Slightly higher consumer confidence and upwardly revised growth in the US was enough to put another spring into bullish steps on Wall Street, ahead of the holidays.

default avatar
December 23, 2021 09:10 AM

Open an account in minutes

Experience award-winning platforms with fast and secure execution, and enjoy tight spreads from 0.5 pts on FX and 1 pt on indices.

Close-up of market chart

Asian Open: UK logs first known Omicron death

The United Kingdom has recorded the first known Omicron-related death, as the World Health Organisation warns that variant could pose as a global risk.

USA flag

European Open: UK data dump, US CPI and consumer data up next

After a lull in the calendar we have several data sets to complete the week, with US inflation being the main event.

Risk-off returns as Moderna CEO makes glum prediction

An article in the Financial Times triggered a fresh round of selling before the European open, as Moderna’s CEO predicts vaccines will be less effective.

Close-up of market chart

Asian Open: Traders brace for more turbulence due to Omicron outbreak

To say markets were volatile on Friday would be quite an understatement. So today is about whether the selling will continue, or whether volatility will pause for breath.

default avatar
November 29, 2021 09:20 AM

European Open: FTSE at Post-Pandemic High, Key Reversal for Oil?

The FTSE posted a solid close yesterday and keeps a long-term reversal in play, whilst oil prices saw sharp reversal at key resistance levels following strong inflation data.


Oil eases below $80, bull trend remains

Oil slips below $80 on slowing growth concerns, bullish trend remains intact for now.

default avatar
October 13, 2021 09:37 PM