⛽OIL

WTI oil news and insights

WTI Oil Forecasting Chart

WTI, or West Texas Intermediate, is a type of crude oil that is primarily produced in the United States. It is a light, sweet crude oil that is highly desired by refiners due to its low sulfur content and high quality. WTI is one of the most widely traded commodities in the world, with a high level of liquidity and a deep and active market. It is traded on various exchanges, including the New York Mercantile Exchange (NYMEX), the Intercontinental Exchange (ICE), and the Chicago Mercantile Exchange (CME). The price of WTI is often used as a benchmark for crude oil prices worldwide, and fluctuations in its price can have a significant impact on the global economy.

11 Oct 2023 Solex.ai on WTI Middle East tensions typically result in rising #oil prices, but the demand side should be factored in as well. With global economic growth slowing, the Solex.ai community anticipates the current #WTI price equilibrium persisting, at least for the short term.🛢️

09 Oct 2023 Solex.ai on WTI 🛢Middle East Instability & Oil Prices: What’s Next? 🌍 According to Solex.ai consensus, brace for increased volatility with a potential upside move in oil prices. It may not be immediate, but as the conflict escalates, watch for market shifts. Stay informed! 💼💥

11 Sep 2023 Solex.ai on WTI Oil prices hit a 9-month high, up 1%, due to OPEC+ production cuts and shrinking global inventories. Despite demand concerns, especially for Chinese economy, supply forces lift WTI. Solex.ai community anticipates a $92 short-term target for this week.

31 Aug 2023 Solex.ai on WTI WTI oil, the least volatile asset on Solex.ai, presents a unique challenge. Beat almost 200 daily forecasters with advanced strategies: predict large price shifts or forecast 15+ days into the future. Bigger risks bring bigger rewards if you’re right!

26 Aug 2023 Solex.ai on WTI Lately, WTI oil prices have remained steady around the $80 mark amid choppy stock market movement. Could the short-term bullish sentiment on oil from the Solex.ai community indicate a potential uptrend in the SP500 as well? Let us know what you think by submitting your forecasts!

15 Aug 2023 Solex.ai on WTI The OPEC+ output cuts and surging global demand have tightened the available oil supply and lead to reserves depletion, propelling prices up to annual highs. The Solex.ai forecasting community expects this trend to persist for WTI in the short term.

09 Aug 2023 Solex.ai on WTI Data indicating that US oil reserves are shrinking and a projected 4% GDP growth are exerting an upward pressure on WTI prices, fostering bullish sentiment in Solex.ai’s outlook. Will the upcoming CPI publication disrupt or reinforce this trend? Let’s closely monitor the market tomorrow!

29 Jul 2023 Solex.ai on WTI WTI oil price surpasses $80, with additional upside expected by the Solex.ai community. Is it a sign of the “soft landing” achievement by central banks and anticipated economic growth in the commodity markets?

24 Jul 2023 Solex.ai on WTI The Solex.ai community has accurately forecasted WTI’s short-term trend, predicting the equilibrium price below $80. The insight has held true for 10 days, and the consensus remains strong, expected to continue for at least another week.

13 Jul 2023 Solex.ai on WTI WTI oil price has broken out of the $67-$73 range of the past two months. The Solex.ai community consensus forecast points to the potential for additional upside, targeting $78 mark.

01 Jul 2023 Solex.ai on WTI Production cuts & low demand expectations are two short-term factors driving oil price. Volatility persists, yet within narrow range, signifying balance between market forces. WTI price seems to hover near the equilibrium.

20 Jun 2023 Solex.ai on WTI Although the Solex.ai forecasting community predicts an upside in crude’s prices, they are expected to remain within a $70-$75 corridor during the following month. Despite oil suppliers’ efforts to pump up the price, demand uncertainty still dominates the market landscape.

10 Jun 2023 Solex.ai on WTI In the current buyers market, the weak demand puts a downward pressure on WTI. OPEC+’s supply-augmenting actions proved to be insufficient to cause a significant upward movement. As forecasters, let’s further analyse and predict the future of oil prices on Solex.ai.

03 Jun 2023 Solex.ai on WTI At the end of the trading week, in response to the rising SP500, OIL price grew by 2.52%. With less fears of the global economic slowdown, the Solex.ai community turned strongly #bullish, expecting a significant upside to the current price of crude.

27 May 2023 Solex.ai on WTI It appears that, following the slight rebound of SP500 towards the end of the week, the Solex.ai forecasters have become more optimistic about future economic activity. The market sentiment for WTI has sharply turned bullish, expecting more than 3.5% price growth within the coming week.

22 May 2023 Solex.ai on WTI Consensus forecast: the Solex.ai community is bullish about OIL, targeting $80 in 2 weeks. Factors like supply constraints, geopolitical tensions, and rising global demand are likely fueling this upward trend. Stay informed, increase your chance of earning an award for precision!

06 May 2023 Solex.ai on WTI Yesterday, ahead of the US markets’ opening, we published our Weekly Newsletter with an accurate prediction of a mean-reverting price movement on the WTI oil chart immediately before the rise above $71. An additional upside to $74 is expected for the next week.

03 May 2023 Solex.ai on WTI The US Dollar is getting cheaper after hitting a multi decade high against other currencies. More cheap dollars will be needed to buy everything, like WTI oil. At the same time, the market is fretting about softer demand ahead. Which way do we go from here?

25 Apr 2023 Solex.ai on WTI Seems like both volatility and liquidity have left the markets for some time. Among the assets available for forecasting, Solex.ai community anticipates the largest change probability in WTI oil, otherwise considered the most stable one.

18 Apr 2023 Solex.ai on WTI Stocks have reacted positively to the anticipated lower interest rates hikes. However, as the economy is expected to slow down, Solex.ai community forecasts a slow but steady decline in oil prices.

13 Apr 2023 Solex.ai on WTI Saudi Arabia’s oil supply cut has pushed the price of WTI beyond $85. However, there’ve been reports in media that smaller producers such as Nigeria and Kazakhstan continue to pump more. Solex.ai community doesn’t expect this to bring prices to the recent lows though.

12 Apr 2023 Solex.ai on WTI Despite efforts to transition to renewable energy, global demand for oil remains strong while supply lags behind, driving prices up. It can also indicate a growing economy where businesses ramp up production and consumers have more disposable income.