⛽ WTI trades near one-year high

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While the market's attention has been focused on US stock and silver speculative frenzy recently, oil prices have managed to reach the highest level since February 2020. Oil made a small pullback in the second half of January but it has ended following a strong move higher yesterday. Prices continue to be supported today by a broad risk-on sentiment on the global markets. WTI has fully recovered from a pandemic drop and is approaching peak from February 2020 at $54.75.

WTI has fully recovered from pandemic drop and trades at the highest level since February 2020. Source: xStation5

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