11 Feb 2015
WTI treading water below $50.00/bbl
FXStreet (Edinburgh) - The American benchmark of the light crude oil remains on the back footing as we enter the last part of the session in Wall Street, currently hovering over the $49.00/bbl mark.
The barrel of WTI is retreating for the second consecutive session after being rejected once again in the $54.00/20 area (February 3rd / 9th). In the same direction, the ongoing softer tone in the crude oil is aggravated by the solid performance of the US dollar.
The barrel of WTI is retreating for the second consecutive session after being rejected once again in the $54.00/20 area (February 3rd / 9th). In the same direction, the ongoing softer tone in the crude oil is aggravated by the solid performance of the US dollar.