WTI slips as supply fears, weak demand signals, and soaring inventories pressure crude oil prices despite support from ongoing Strait of Hormuz risk.

Source: fxempire.com

Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.

Source: finance.yahoo.com

WTI crude oil slipped to $62.89 per barrel as prices extended their retreat from recent highs and headed toward a second straight weekly loss. The pullback signals a sharp shift in sentiment

Source: seekingalpha.com

The EIA now sees the WTI spot price averaging $53.42 per barrel this year.

Source: rigzone.com

On Friday, the WTI crude oil price extended Thursday’s pullback to trade at about $62.80 after the latest US economic data.

Source: fxdailyreport.com

U.S. President Trump said that the second aircraft carrier would be “leaving very shortly” to the Middle East.

Source: fxempire.com