WTI struggles to extend the recent pullback from the multi-week low. Bearish MACD, trading below the key resistances keeps sellers hopeful. An ascending support line from August 2020 on the bear’s radar.
WTI pulls back from the intra-day high of $54.08 to $53.75 by the press time of early Asian session on Wednesday. In doing so, the energy benchmark fails t
The news that the military blockage in Libya shut down the two large crude oil fields, which made WTI yield. At release time, the crude oil trades near $58.75, looking to close the bullish opening gap. It looks oil bulls cheered the weekend reports of the Libyan outage, and then the prices jumped to