WTI Crude Oil News

Read the latest wTI Crude Oil news, analysis, and market updates on FORECK.INFO.

Brent Crude Oil Slides Below $61 Amid Venezuela Crisis and OPEC+ Decision

Prices for benchmark Brent Crude Oil are correcting within a downward trend, holding just below the 61.00 level following the launch of the military operation dubbed “Midnight Hammer” against Venezuela. Several major media outlets, including CBS News, reported that U.S. President Donald Trump
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Oil Price Forecast WTI holds near $57.80 as supply risks clash with Fed easing bets

During the morning session, WTI Crude Oil prices are showing mixed performance, consolidating near 57.80 and close to the highs posted on December 11. On the previous day, prices received a strong bullish impulse driven by a weaker US dollar amid growing expectations of a Federal Reserve policy
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Brent Oil Slides Near $59 as Downtrend Holds and Bears Eye New Lows

Brent Crude Oil prices are trading within a long-term downward trend, forming a corresponding channel. Last week, quotes reached May lows near 58.55 but failed to break lower and corrected upward. The price is currently close to 59.37 (Murray level [–1/8]); a firm move below this level would
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WTI Crude Oil Forecast: Prices Stay Below $56 as US Sanctions Hit Venezuela

Oil prices continue their corrective movement, trading below the 56.00 level this week as the market reacts to the current fundamental environment.