Prices of the WTI are moving higher beyond the $71.00 mark/bbl. Upbeat tone in crude oil helped by easing trade tensions. US oil rig count went up by 3 during last week. Prices of the barrel of the West Texas Intermediate are edging higher at the beginning of the week, regaining the key $71.00 and beyond. WTI in 3-week highs Prices of the American reference for the sweet light crude oil are in 3-week highs on Monday, always bolstered by a cautious stance from trades amidst jitters on the supply side. In fact, traders keep looking to the potential US sanctions on Iranian oil exports as a driver of probable supply disruptions in the near term. Furthermore, recent announcements from Saudi Arabia about halting its shipments in the Red Sea have been also collaborating with the recovery in crude prices. Further out, driller Baker Hughes reported US oil rig count went up by 3 during the week ended on July 27. Later in the week, the API and the EIA will report on US crude oil stockpiles on Tuesday and Wednesday, respectively. WTI significant levels At the moment the barrel of WTI is up 1.71% at $71.28 facing the next up barrier at $72.80 (high May 22) seconded by $74.73 (high Jul.10) and finally $75.34 (2018 high Jul.3). On the other hand, a breach of $69.71 (10-day sma) would aim for $69.62 (200-hour sma) and then $67.08 (low Jul.18). 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 Canada: Expecting an above consensus 0.4% GDP growth – TD Securities FX Street 5 years Prices of the WTI are moving higher beyond the $71.00 mark/bbl. Upbeat tone in crude oil helped by easing trade tensions. US oil rig count went up by 3 during last week. Prices of the barrel of the West Texas Intermediate are edging higher at the beginning of the week, regaining the key $71.00 and beyond. WTI in 3-week highs Prices of the American reference for the sweet light crude oil are in 3-week highs on Monday, always bolstered by a cautious stance from trades amidst jitters on the supply side. In fact, traders keep looking to the potential US… 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.