7:44 PM · 12 December 2022

Oil prices rebound from 2022 lows

WTI crude futures rose more than 3.5% to $73.60 per barrel, recovering sharply from their daily lows of around $70 on supply concerns. The Keystone Pipeline which transfers oil from Canada to the US remains shut, while the Kremlin threatens a production cut. At the same time news that Beijing may loosen its COVID-19 restrictions at a quicker pace than expected bolstered the fuel demand outlook. Nevertheless despite upbeat sentiment buyers struggle to break above local resistance at $73.60, which is marked with previous price reactions and as long as price sits below, retest of recent lows cannot be ruled out. On the other hand, should break higher occur, then next resistance to watch lies at $76.20 and coincides with 78.6% Fibonacci retracement.

OIL.WTI, H4 interval. Source: xStation5

3 June 2026, 6:55 PM

Daily Summary: Markets take a breather (03.06.2026)

3 June 2026, 3:14 PM

Threats to Growth – Only in Europe?

3 June 2026, 11:22 AM

Night-time escalation with Iran. Oil close to $100 again

2 June 2026, 6:37 PM

Daily Summary: The Two Faces of AI – Market Fuel and Costly Burden

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