Energy pack is mixed in today’s trading. Weekly performance at a glance in chart & table, Oil (WTI) – Oil price is recovering as OPEC+ announced 1.2 million barrels of supply reduction but remains volatile Today’s range …
Energy pack is mixed in today’s trading. Weekly performance at a glance in chart & table,
Oil (WTI) –
Oil price is recovering as OPEC+ announced 1.2 million barrels of supply reduction but remains volatile Today’s range - $51.6- $50.3
WTI is currently trading at $50.6/barrel. Immediate support lies at $45 area and resistance at $55 area.
Oil (Brent) –
Brent remains elevated over WTI due to higher demand, geopolitical tension and OPEC agreement. Today’s range - $59.6-60.7
Brent is trading at $9 per barrel premium to WTI.
Brent is trading at $59.6/barrel. Immediate support lies at $57 area and resistance at $63 region.
Natural Gas –
The natural gas price remains elevated thanks to the lower level of inventories. The volatility has increased significantly. Down this week as winter severity less intense. Today’s range $4.05 -$4.25
Natural Gas is currently trading at $4.23/MMBtu. Immediate support lies at $4.1 area & resistance at $5.1
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