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WTI crude oil futures settle at $85.54
The price of WTI crude futures is settling at $85.54, up $2.33 or 2.80%. That is above the August high of $84.85 tilting a bias more to the upside.Looking at the daily chart, the low prices this week stalled the fall near the low of a swing area between 0.8235 and 0.8332 (See red numbers circled in yellow area). Staying above those levels gave the buyers some hope.Fundamentals remain a driving force. On declines, the markets are worried about slower global economic growth and a de-escalation of...
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Posted: Oct 27 2023, 18:43
Author Name: forexlive
Views: 112235