Prices of the WTI alternate gains with losses on Monday. WTI now targets the $70.00 mark following Friday’s up move. API, EIA, Baker Hughes next of relevance in the calendar. Prices of the barrel of West Texas Intermediate are trading on the defensive at the beginning of the week, gyrating over the $69.00 mark after briefly testing lows in the $68.30 area. WTI looks to OPEC, data Prices of the WTI are struggling for direction at the beginning of the week, leaving behind three consecutive daily advances, including last Friday’s sharp up move following the key OPEC meeting. It is worth noting that crude oil rallied on Friday after producers agreed to increase the oil output, although by a lesser amount than markets had already priced in. In fact, the OPEC+ said it will pump an extra 1 mbpd starting next month. The increase, however, is seen at around 700K bpd as many producers are already pumping at full capacity. Later in the week, traders will shift back their focus to the usual reports on US crude oil stockpiles by the API (Tuesday), EIA (Wednesday) and the oil rig count by Baker Hughes on Friday. WTI significant levels At the moment the barrel of WTI is down 0.58% at $69.85 and a breakdown of $68.08 (55-day sma) would expose $66.45 (10-day sma) and finally $63.59 (low Jun.18). On the flip side, the next hurdle lines up at $69.51 (high Jun.22) seconded by $71.86 (high May 10) 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 Dallas Fed: Texas manufacturing continues to expand, outlook improves FX Street 5 years Prices of the WTI alternate gains with losses on Monday. WTI now targets the $70.00 mark following Friday's up move. API, EIA, Baker Hughes next of relevance in the calendar. Prices of the barrel of West Texas Intermediate are trading on the defensive at the beginning of the week, gyrating over the $69.00 mark after briefly testing lows in the $68.30 area. WTI looks to OPEC, data Prices of the WTI are struggling for direction at the beginning of the week, leaving behind three consecutive daily advances, including last Friday's sharp up move following the key OPEC meeting. It is… 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.