20 Feb 2015
WTI up around $52.00
FXStreet (Edinburgh) - The barrel of the American benchmark for the light crude oil is advancing for the second consecutive session on Friday, now hovering over $52.00.
WTI trimming recent losses
The barrel of WTI is looking to extend the rebound from recent lows after the sharp pullback from weekly tops around $55.00 the figure on Tuesday. The WTI has already digested Thursday’s EIA weekly report, showing oil inventories climbed to 7.716 million/barrels.
Ahead in the session, US manufacturing PMI tracked by market and the weekly report on US rig-count by driller Baker-Hughes are due.
WTI levels to watch
The barrel of WTI is now up 0.41% at $52.08 with the next hurdle at $54.32 (high Feb.17) and then $55.05 (high Feb.3). On the downside, a breach of $49.82 (low Feb.19) would expose $49.14 (low Feb.12).
WTI trimming recent losses
The barrel of WTI is looking to extend the rebound from recent lows after the sharp pullback from weekly tops around $55.00 the figure on Tuesday. The WTI has already digested Thursday’s EIA weekly report, showing oil inventories climbed to 7.716 million/barrels.
Ahead in the session, US manufacturing PMI tracked by market and the weekly report on US rig-count by driller Baker-Hughes are due.
WTI levels to watch
The barrel of WTI is now up 0.41% at $52.08 with the next hurdle at $54.32 (high Feb.17) and then $55.05 (high Feb.3). On the downside, a breach of $49.82 (low Feb.19) would expose $49.14 (low Feb.12).