You are visiting the website that is operated by Ultima Markets Ltd, a licensed investment firm by the Financial Services Commission “FSC” of Mauritius, under license number GB 23201593. Please be advised that Ultima Markets Ltd does not have legal entities in the European Union.
If you wish to open an account in an EU investment firm and protected by EU laws, you will be redirected to Ultima Markets Cyprus Ltd (the “CIF”), a Cyprus investment firm duly licensed and regulated by the Cyprus Securities and Exchange Commission with license number 426/23.
The American Petroleum Institute’s weekly statistical report shows that U.S. crude oil inventories increased by 1.586 million barrels in the week ending September 22, 2023, after a decrease of 5.25 million barrels in the previous week.
WTI crude futures rebounded to $90.7 a barrel, hovering at their highest level since November. The prospect of tight supplies helped markets shake off worries about rising interest rates and their impact on the economy.
The $90 pivot point is psychologically important and reinforces the belief that the market is poised for further upside.
Additionally, crude oil tends to perform well in inflationary environments as investors seek refuge in tangible assets rather than currencies.
(United States API Crude Oil Stock Change)
(WTI crude Daily chart)
Disclaimer
Comments, news, research, analysis, price, and all information contained in the article only serve as general information for readers and do not suggest any advice. Ultima Markets has taken reasonable measures to provide up-to-date information, but cannot guarantee accuracy, and may modify without notice. Ultima Markets will not be responsible for any loss incurred due to the application of the information provided.
توفر Ultima Markets البيئة التنافسية الأفضل من حيث التكلفة والتبادل للسلع السائدة في جميع أنحاء العالم.
ابدأ التداولمراقبة فعالة للسوق أثناء تنقلك
الأسواق عرضة للتغيرات في العرض والطلب
جذابة للمستثمرين المهتمين فقط بالمضاربة على الأسعار
سيولة عميقة ومتنوعة بدون رسوم مخفية
لا يوجد مكتب تداول ولا إعادة تسعير
تنفيذ سريع عبر خادم Equinix NY4