🛢️WTI Oil Plunges Nearly 3% Today

WTI oil is losing nearly 3% today, testing around $79 per barrel, following the release of a DOE report showing a 7.26 million bbl inventory build, against expectations for a draw of over 2 million bbl. While the data is for the previous week, it's worth noting that May is typically a period when oil inventory builds start to dwindle due to increased demand for fuels. Additionally, the ISM manufacturing report showed a reading below 50, which could signal a weaker economy and potentially lower fuel demand in the near future.

WTI oil is breaking below $80 per barrel today, its 100 and 200-day moving averages, and breaching the range of its largest retracement of the trend, trading near $79 per barrel, its lowest level in 6 weeks. Oil is down nearly 10% from its recent highs.

15 April 2026, 8:59 AM

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14 April 2026, 6:34 PM

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13 April 2026, 7:03 PM

Daily summary: Stocks back in the green on hopes for US-Iran talks, dollar resumes losing streak (13.04.2026)

13 April 2026, 5:36 PM

Precious metals back in red 📉 GOLD and SILVER pressured by dollar demand 🟡

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