Search ForexCrunch

Oil news: US energy-related high yield bond spread hits highest since 2016

The US energy-related high yield bond spread has widened to 826 basis points, the highest level since 2016, Jeroen Blokland,   Portfolio Manager for the Robeco Multi-Asset funds, Robeco ONE and Robeco Pension Return Portfolio, tweeted on Monday.  

Back then, spreads had risen amid the sell-off in oil prices. The black gold had dropped below $30 in early 2016. Read more…


Crude Oil (WTI) Intraday: consolidation in place

Pivot (invalidation): 58.15

Our preference

Short positions below 58.15 with targets at 57.65 & 57.35 in extension.

Alternative scenario

Above 58.15 look for further upside with 58.65 & 59.20 as targets.


As long as 58.15 is resistance, expect a return to 57.65.

Read more…

Oil Price Chart

WTI stuck in range around $58 despite trade optimism

WTI (oil futures on NYMEX) posts small gains near $ 58 mark in the European session this Monday, lacking a clear directional bias despite improved risk appetite on fresh US-China trade optimism.      

However, the sentiment around the black gold remains somewhat underpinned by the fresh hopes of a US-China trade deal following the recent upbeat comments from the US and China while Beijing’s gesture to raise the penalties on the Intellectual Properties (IP) theft also rekindled expectations of a trade truce. Read more…

WTI Levels to watch