Prices of the black gold extend losses to the $67.00 mark. API reported late on Wednesday a build of 1 mbpd. Next on tap, the EIA will report on US crude oil stockpiles. Prices of the barrel of the American benchmark for the sweet light crude oil are trading on the defensive and are threatening the $67.00 handle ahead of the EIA report. WTI looks to EIA report Prices of the West Texas Intermediate advanced on Wednesday following rumours that the OPEC will finally leave the oil output status quo unchanged until year end, in contrast to recent news stating the cartel plus other producers could start pumping extra oil from June. Also weighing on traders’ sentiment, the US drilling activity kept advancing during last week, while US output remains in all-time highs. Later in the day, the official report on US crude oil supplies by the EIA is due, seconded by the weekly report on US oil rig count by driller Baker Hughes on Friday. WTI significant levels At the moment the barrel of WTI is down 1.44% at $67.09 and a breach of $65.73 (low May 28) would aim for $65.30 (100-day sma) and finally $61.77 (low Apr.6). On the other hand, the next up barrier is located at $69.46 (10-day sma) seconded by $70.08 (21-day sma) and then $72.80 (2018 high May 22). FX Street FX Street FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions. View All Post By FX Street FXStreet News share Read Next USD stocks struggle during early trade, fresh trade-war fears weigh FX Street 5 years Prices of the black gold extend losses to the $67.00 mark. API reported late on Wednesday a build of 1 mbpd. Next on tap, the EIA will report on US crude oil stockpiles. Prices of the barrel of the American benchmark for the sweet light crude oil are trading on the defensive and are threatening the $67.00 handle ahead of the EIA report. WTI looks to EIA report Prices of the West Texas Intermediate advanced on Wednesday following rumours that the OPEC will finally leave the oil output status quo unchanged until year end, in contrast to recent news stating… Regulated Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.
