Read more

BREAKING: Oil extends declines as Keystone may partially resume operations

7:38 PM 9 December 2022

According to unconfirmed sources operator TC Energy is said to be planning a partial Keystone restart beginning on December 10th. As a result oil sell-off gained steam, with the OIL.WTI contract approaching $70.00 per barrel, while Brent futures dipped to $75.40 per barrel. Also, for the first time since November 2020, the 1-Year WTI Crude futures spread has flipped to contango.

OIL.WTI broke below major support at $71.00 and declines may deepen towards next support at $68.00. Source: xStation5

Share:
Back

Market News

08.07.2025
10:43

EU ready for trade talks with US and maintains emergency retaliatory package 📌

Germany’s finance minister confirmed today that the EU is “ready to retaliate” if trade talks with the U.S. fail, emphasizing that Berlin...

 09:36

Chart of the day - AUDUSD (08.07.2025)

The Reserve Bank of Australia (RBA) kept the cash rate at 3.85 %, defying consensus expectations for a 25 bp cut and signalling it will reassess...

 07:20

Economic calendar: Canada’s Ivey PMI Index 🎯

Today’s macro calendar is relatively light. Noteworthy publications include the Ivey PMI from Canada and the interest rate decision in Romania. For...
More news

Join over 1 600 000 XTB Group Clients from around the world

Start trading Download the app Download the app
The financial instruments we offer, especially CFDs, can be highly risky. Fractional Shares (FS) is an acquired from XTB fiduciary right to fractional parts of stocks and ETFs. FS are not a separate financial instrument. The limited corporate rights are associated with FS.
This page was not created for investors residing in Brazil. This brokerage is not authorized by the Comissão de Valores Mobiliários (CVM) or the Brazilian Central Bank (BCB). The content of this page should not be characterized as an investment offer in Brazil or for investors residing in that country.
Losses can exceed deposits