After settling near $53, the barrel of West Texas Intermediate gained traction in the post-settlement trade after the weekly report published by the American Petroleum Institue showed a surprise draw in crude oil stocks in the U.S. As of writing, the barrel of WTI was up 1.76% on the day at $53.68. “Crude inventories fell by 998,000 barrels in the week to Feb. 8 to 447.2 million, compared with analysts’ expectations for an increase of 2.7 million barrels. Crude stocks at the Cushing, Oklahoma, delivery hub fell by 502,000 barrels, API said,” Reuters reported. Earlier in the day, OPEC’s monthly revealed that the crude oil output in January decreased 800,000 barrels per day to 30.81 million barrels per day and provided the initial boost to crude oil prices. Additionally, heightened optimism surrounding the U.S.-China trade talks supported crude oil’s daily rally. WTI Overview: Today Last Price: 53.68 Today Daily change %: 1.76% Today Daily Open: 52.75 Trends: Daily SMA20: 53.47 Daily SMA50: 51.03 Daily SMA100: 56.65 Daily SMA200: 63.08 Levels: Previous Daily High: 53.07 Previous Daily Low: 51.56 Previous Weekly High: 55.93 Previous Weekly Low: 52.05 Previous Monthly High: 55.48 Previous Monthly Low: 44.52 Daily Fibonacci 38.2%: 52.14 Daily Fibonacci 61.8%: 52.49 Daily Pivot Point S1: 51.85 Daily Pivot Point S2: 50.95 Daily Pivot Point S3: 50.34 Daily Pivot Point R1: 53.36 Daily Pivot Point R2: 53.97 Daily Pivot Point R3: 54.87 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 DJIA snaps a losing streak as indices close at 2019 high on optimism over trade and US government shutdown FX Street 3 years After settling near $53, the barrel of West Texas Intermediate gained traction in the post-settlement trade after the weekly report published by the American Petroleum Institue showed a surprise draw in crude oil stocks in the U.S. As of writing, the barrel of WTI was up 1.76% on the day at $53.68. "Crude inventories fell by 998,000 barrels in the week to Feb. 8 to 447.2 million, compared with analysts' expectations for an increase of 2.7 million barrels. Crude stocks at the Cushing, Oklahoma, delivery hub fell by 502,000 barrels, API said," Reuters reported. Earlier in the day, OPEC's monthly… 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.
