Chart of the day - OIL.WTI (04.01.2022)

Ministers from OPEC+ countries will hold an online meeting today at 1:00 pm GMT to make a decision on the group's output. According to media reports, the most likely outcome is that OPEC+ will continue with its policy of increasing output by 400k bpd in February. Statement from a technical meeting yesterday showed that the group does not see a big impact from the Omicron variant as countries are reluctant to impose lockdowns. Another event that may bring elevated volatility on oil today is the release of API report on oil inventories in the evening (9:40 pm GMT). Market expects a 3.4 mb drop in oil stockpiles.

Taking a look at the OIL.WTI chart, we can see that the price halted after reaching $77.00 per barrel area and started to trade sideways. Traders should have limits of the $75-77 trading range in mind today as OPEC+ and API data may trigger some moves on the market. In case of a break above the upper limit in the $77 area, the next major resistance to watch can be found at the upper limit of the upward channel (slightly above $79).

Source: xStation5

16 October 2025, 5:05 PM

Breaking: crude oil inventories above expectations 📌

16 October 2025, 3:36 PM

BREAKING: NATGAS declines after EIA data 📌

16 October 2025, 8:18 AM

Cocoa with limited reaction to weaker grinding data from Europe

15 October 2025, 6:34 PM

Daily Summary – Wall Street Rally Driven by Powell’s Promises

commodities

Cookie name	Description
SERVERID
userBranchSymbol	Expiration date 1 day
test_cookie	Expiration date 1 hour
adobe_unique_id	Expiration date 364 days
__hssc	Expiration date 1 hour
SESSID	Expiration date 1 day
__cf_bm	Expiration date 1 hour
intercom-id-iojaybix	Expiration date 270 days
intercom-session-iojaybix	Expiration date 6 days
xtbCookiesSettings	Expiration date 364 days
TS5b68a4e1027
countryIsoCode
xtbLanguageSettings	Expiration date 364 days
userPreviousBranchSymbol	Expiration date 364 days
intercom-device-id-iojaybix	Expiration date 270 days
__cfruid
_cfuvid

Cookie name	Description
_gid	Expiration date 1 day
_gat_UA-98728395-1	Expiration date 1 hour
_gat_UA-121192761-1	Expiration date 1 hour
_gcl_au	Expiration date 89 days
_ga_CBPL72L2EC	Expiration date 729 days
_ga	Expiration date 729 days
__hstc	Expiration date 179 days
__hssrc
_vwo_uuid_v2	Expiration date 365 days
_ga_TC79BEJ20L	Expiration date 729 days
_vwo_uuid	Expiration date 365 days
_vwo_ds	Expiration date 29 days
_vwo_sn	Expiration date 1 hour
_vis_opt_s	Expiration date 99 days
_vis_opt_test_cookie
af_id	Expiration date 394 days
afUserId	Expiration date 730 days
AF_SYNC	Expiration date 6 days
AnalyticsSyncHistory	Expiration date 29 days

Cookie name	Description
MUID	Expiration date 389 days
_omappvp	Expiration date 3998 days
_omappvs	Expiration date 1 hour
_uetsid	Expiration date 1 day
_uetvid	Expiration date 389 days
_fbp	Expiration date 89 days
fr	Expiration date 89 days
_ttp	Expiration date 89 days
_tt_enable_cookie	Expiration date 89 days
hubspotutk	Expiration date 179 days
IDE	Expiration date 389 days
YSC
VISITOR_INFO1_LIVE	Expiration date 179 days
li_sugr	Expiration date 89 days
guest_id_marketing	Expiration date 729 days
guest_id_ads	Expiration date 729 days
guest_id	Expiration date 729 days
muc_ads	Expiration date 729 days
VISITOR_PRIVACY_METADATA	Expiration date 179 days
MSPTC	Expiration date 389 days

Cookie name	Description
bcookie	Expiration date 364 days
lidc	Expiration date 1 day
UserMatchHistory	Expiration date 29 days
bscookie	Expiration date 364 days
li_gc	Expiration date 179 days
personalization_id	Expiration date 729 days

Chart of the day - OIL.WTI (04.01.2022)

Join over 1 700 000 XTB Group Clients from around the world