交易新闻
21 Apr 2015
WTI retreats on stronger USD
FXStreet (Mumbai) - WTI oil futures on the Nymex halted its upside momentum and eased slightly in Asia as markets continue to digest the latest comments from Saudi Arabia amid persistent greenback strength.
WTI back below USD 58/barrel
Currently, WTI trades nearly -0.40% lower at 57.64 levels, consolidating above 57 barrier. Crude prices retreated from close to 2015 highs this session as traders now shift their attention towards weekly crude stock piles data for fresh incentives.
Meanwhile, recent comments from Saudi Arabia's Oil Minister Ali al-Naimi on Monday that the country is likely to continue to pump oil at near record highs of around ten million barrels per day in April, keeps a check on the prices.
Moreover, rising greenback continued exert additional pressure on oil, with the dollar index rising 0.27% to 98.43. A stronger US currency makes dollar-priced commodities less attractive for foreign investors.
Oil Technical Levels
WTI oil has an immediate resistance which stands at 58.82 levels above which gains could be extended to 60 levels. Meanwhile, support is seen at 57 levels from here losses could be extended to 55 levels.
WTI back below USD 58/barrel
Currently, WTI trades nearly -0.40% lower at 57.64 levels, consolidating above 57 barrier. Crude prices retreated from close to 2015 highs this session as traders now shift their attention towards weekly crude stock piles data for fresh incentives.
Meanwhile, recent comments from Saudi Arabia's Oil Minister Ali al-Naimi on Monday that the country is likely to continue to pump oil at near record highs of around ten million barrels per day in April, keeps a check on the prices.
Moreover, rising greenback continued exert additional pressure on oil, with the dollar index rising 0.27% to 98.43. A stronger US currency makes dollar-priced commodities less attractive for foreign investors.
Oil Technical Levels
WTI oil has an immediate resistance which stands at 58.82 levels above which gains could be extended to 60 levels. Meanwhile, support is seen at 57 levels from here losses could be extended to 55 levels.