Crude Oil Price News and Forecast: Tuesday's data showed China's oil imports rose 9.5% in 2019


WTI looks to snap seven-day losing streak, trades around $58.30 ahead of API

The de-escalation of the US-Iran conflict last week and heightened hopes of a ceasefire in Libya weighed on crude oil prices and forced the barrel of West Texas Intermediate to close the last seven trading days in the negative territory and erasing nearly 8% during that time period.

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WTI Oil Outlook: bears are pausing above 200DMA, awaiting US crude inventories reports

WTI oil price edged higher on Tuesday after steep fall in past six days found footstep at 200DMA ($57.75). Oil price came under pressure on signs of de-escalation of US/Iran conflict as unexpected rise of US crude stocks last week that also raised concerns about global oversupply.

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EUR/USD near daily lows with mixed US data

The EUR/USD pair continues trading just above the 1.1000 level, as US Durable Goods Orders rose by 2.4%, largely surpassing the market’s expectations, although core readings plummeted in the red.

EUR/USD News

GBP/USD below 1.3000 ahead of BOE

The dollar continues to advance against all of its major rivals, getting an additional boost from upbeat CB Consumer Confidence. GBP/USD trading around 1.2980. BOE to have a monetary policy meeting this Thursday.

GBP/USD News

Bitcoin moving on the razor edge

Yesterday's positive day along the crypto board has brought the BTC/USD pair to the borderline between a bearish market and a free space where it can grow again in search of new historical highs. 

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WTI bounces off lows, back above $53.00/bbl

After hitting new lows in levels last seen in early October 2019 near $52.00, prices of the WTI have managed to regains some attention and have retaken the $53.00 mark per barrel.

Oil News

USD/JPY Forecast: Consolidating at lows, bearish

Coronavirus-related fears and upcoming first-tier event keeping investors in cautious mode. US Durable Goods Orders seen posting a tepid advance in December. USD/JPY at risk of resuming its decline once below 108.65.

USD/JPY News

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