7:57 AM · 2 February 2021

⛽ WTI trades near one-year high

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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