Over the past 24 to 48 hours, WTI crude oil has experienced significant volatility. Starting from the closing price of $62.27 on February 2, 2026, WTI prices sharply dropped by more than $3 to $62.10 during intraday trading on February 3, highlighting a swift shift in market sentiment. The main driver behind this price decline […]
Over the past 24 to 48 hours, West Texas Intermediate (WTI) crude oil prices have experienced notable volatility. From the closing price of $63.21 on January 28, prices climbed sharply to a high of $66.48 on January 29, closing at $65.62—a roughly 4% surge from the previous day. This rally was primarily driven by growing […]
WTI Crude Oil has traded in a tight range around $60 to $61 over the past three trading days, closing at $60.71 yesterday, showing a consolidation pattern. Recent US winter storms have disrupted production which, along with rising diesel prices due to heating fuel demand, provided some support for oil prices. Analysts warn that if prices fall to $40, US shale production could drop by 400,000 barrels per day, suggesting a solid support floor. Geopolitical tensions remain a volatility driver, but increased US inventories and dissipating storm impacts have kept WTI in a holding pattern. Traders should monitor key technical support and resistance levels closely for signals of an impending breakout or pullback.
WTI Crude Oil has experienced notable volatility over the past three trading days, dropping from a close of $59.43 to a low around $58.57 amid easing geopolitical tensions around Iran. Recent news highlights that a strong $58.3 support level may trigger a surprise rebound, while tariffs and supply-side risks continue to influence sentiment. For the average investor, this translates to a near-term rebound potential tempered by ongoing supply uncertainties. Market mood has shifted towards cautious optimism as WTI approaches a critical technical inflection point, warranting close attention to key price levels and momentum indicators.
WTI Crude Oil has seen a robust rebound over the past three trading days, climbing from $58.94 on January 9 to a close of $61.03 on January 13. The price surge has been driven by escalating geopolitical tensions in the Middle East, notably US-imposed tariffs on Iran and related political unrest, which have raised supply risk fears. Additionally, forecasts of a wider discount on Alberta heavy crude and US plans to revitalize Venezuela’s oil industry are reshaping supply dynamics. For average investors, this means the energy market is presenting fresh upside potential, but heightened volatility due to political and supply uncertainties warrants cautious engagement.
Over the past 24 to 48 hours, WTI crude oil has experienced significant volatility. Starting from the closing price of $62.27 on February 2, 2026, WTI prices sharply dropped by more than $3 to $62.10 during intraday trading on February 3, highlighting a swift shift in market sentiment. The main driver behind this price decline […]
Over the past 24 to 48 hours, West Texas Intermediate (WTI) crude oil prices have experienced notable volatility. From the closing price of $63.21 on January 28, prices climbed sharply to a high of $66.48 on January 29, closing at $65.62—a roughly 4% surge from the previous day. This rally was primarily driven by growing […]
WTI Crude Oil has traded in a tight range around $60 to $61 over the past three trading days, closing at $60.71 yesterday, showing a consolidation pattern. Recent US winter storms have disrupted production which, along with rising diesel prices due to heating fuel demand, provided some support for oil prices. Analysts warn that if prices fall to $40, US shale production could drop by 400,000 barrels per day, suggesting a solid support floor. Geopolitical tensions remain a volatility driver, but increased US inventories and dissipating storm impacts have kept WTI in a holding pattern. Traders should monitor key technical support and resistance levels closely for signals of an impending breakout or pullback.
WTI Crude Oil has experienced notable volatility over the past three trading days, dropping from a close of $59.43 to a low around $58.57 amid easing geopolitical tensions around Iran. Recent news highlights that a strong $58.3 support level may trigger a surprise rebound, while tariffs and supply-side risks continue to influence sentiment. For the average investor, this translates to a near-term rebound potential tempered by ongoing supply uncertainties. Market mood has shifted towards cautious optimism as WTI approaches a critical technical inflection point, warranting close attention to key price levels and momentum indicators.
WTI Crude Oil has seen a robust rebound over the past three trading days, climbing from $58.94 on January 9 to a close of $61.03 on January 13. The price surge has been driven by escalating geopolitical tensions in the Middle East, notably US-imposed tariffs on Iran and related political unrest, which have raised supply risk fears. Additionally, forecasts of a wider discount on Alberta heavy crude and US plans to revitalize Venezuela’s oil industry are reshaping supply dynamics. For average investors, this means the energy market is presenting fresh upside potential, but heightened volatility due to political and supply uncertainties warrants cautious engagement.
Over the past three trading days, WTI Crude oil prices fell from $58.32 to close at $56.18 on January 7th, down from $57.13 the previous day. The market reacted to US intensifying control over Venezuela’s oil industry, increasing supply expectations and pressuring WTI prices. US forces seized sanctioned oil tankers and plans to import up to 50 million barrels of Venezuelan crude raised concerns over potential oversupply. This shift dampened market sentiment from bullish to bearish. Technically, the charts show heightened short-term downside risk, with a critical support level near $56. For average investors, this implies a period of volatility where panic selling might offer short-term entry points, but longer-term direction will depend on geopolitical and supply-demand developments.
*Investment involves risk. You may use the information, strategies and trading signals on this website for academic and reference purposes at your own discretion. 1uptick cannot and does not guarantee that any current or future buy or sell comments and messages posted on this website/app will be profitable. Past performance is not necessarily indicative of future performance. It is impossible for 1uptick to make such guarantees and users should not make such assumptions. Readers should seek independent professional advice before executing a transaction. 1uptick will not solicit any subscribers or visitors to execute any transactions, and you are responsible for all executed transactions.
*Investment involves risk. You may use the information, strategies and trading signals on this website for academic and reference purposes at your own discretion. 1uptick cannot and does not guarantee that any current or future buy or sell comments and messages posted on this website/app will be profitable. Past performance is not necessarily indicative of future performance. It is impossible for 1uptick to make such guarantees and users should not make such assumptions. Readers should seek independent professional advice before executing a transaction. 1uptick will not solicit any subscribers or visitors to execute any transactions, and you are responsible for all executed transactions.
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