Technical analyses - WTI CRUDE OIL - Daily
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Hedge funds have become less optimistic about crude oil, reducing their net-bullish bets for the fourth consecutive week, with net-long positions for US marker West Texas Intermediate reaching their
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Oil prices rallied in January due to sanctions on Russia's oil trade and falling commercial oil inventories, but fell in February due to concerns over potential trade wars and their impact on economic
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Oil prices rebounded despite concerns over potential trade wars due to Trump's tariff plans on steel and aluminum imports. China's retaliatory tariffs on some U.S. exports are set to take effect,
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U.S. President Donald Trump imposed tariffs on oil imports from Canada (10%) and Mexico (25%), causing oil prices to jump. Canada, as the largest oil exporter to the US, is likely to face significant
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President Trump urged OPEC to increase oil production and lower prices in order to help end the war in Ukraine, threatening tariffs and sanctions if a deal is not reached. Oil prices fell in response