Past Performance: Past Performance is not an indicator of future results.
The underlying instrument for USOIL is the light sweet Crude Oil Futures contract which is traded on the CME . West Texas Intermediate (WTI), also known as Texas light sweet, is a grade of crude oil used as a benchmark in oil pricing.
Historically, WTI has traded closely to Brent and the OPEC basket, but it currently is discounted against Brent crude oil. Historical price data for WTI can be found at the Energy Information Administration of the Department of Energy.
The commodity registered its first negative month of the year, amidst stagflation fears, while OPEC+ maintained its output hike plan
Oil bid as OPEC and OPEC+ set to meet over the next two days.
Real yields exert pressure on the pressure metal. As the Fed hiking cycle continues, this pressure may keep up in the near-to-medium term if the correlation holds.
The commodity keeps its gains as the group of seven advanced economies is mulling a limit on the price of oil imports from Russia, while Libya warns of potential export…
XAU/USD opened higher today, as the G7 economies are expected to sanction imports of Russian gold, based on the US President’s comments over the weekend
The gold price retested its bearish continuation pattern following its breakdown.
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