Oil Gives Back $2’s After Historic Day

Jim RinaudoGeneral Commentary

The May WTI (CLK25) contract settled at 60.07 (-2.28) [-3.66%], high of 63.34, low of 58.76. Spot price is 62.25 (+2.61). Open interest for CLK25 is 258,227. CLK25 settled below its 5 day (60.96), below its 20 day (66.87), below its 50 day (68.48), below its 100 day (69.38), below its 200 day (70.04) and below its year-to date (69.80) …

Oil Sees Wild Volatility as Trump Pauses Reciprocal Tariffs, Cuts Some to 10%, Raises China’s to 125% Effective Immediately

Jim RinaudoGeneral Commentary

The May WTI (CLK25) contract settled at 62.35 (+2.77) [+4.65%], high of 62.93, low of 55.12. Spot price is 59.64 (-1.01). Open interest for CLK25 is 258,227. CLK25 settled at its 5 day (62.35), below its 20 day (67.19), below its 50 day (68.71), below its 100 day (69.46), below its 200 day (70.12) and below its year-to date (69.95) …

Trade Wars, Recession Fears Continue to Weigh on Oil Prices

Jim RinaudoGeneral Commentary

The May WTI (CLK25) contract settled at 60.70 (-1.29) [-2.08%], high of 63.90, low of 58.95. Spot price is 62.02 (-5.01). Open interest for CLK25 is 283,488. CLK25 settled below its 5 day (66.56), below its 20 day (67.76), below its 50 day (69.15), below its 100 day (69.59), below its 200 day (70.26) and below its year-to date (70.22) …

Oil Plunges 6% on Tariff Fears, OPEC+ Sets May Production Boost

Jim RinaudoGeneral Commentary

The May WTI (CLK25) contract settled at 66.95 (-4.76) [-6.64%], high of 70.41, low of 65.98. Spot price is 71.71 (+0.49), open interest for CLK25 is 297,842. CLK25 settled below its 5 day (70.08), below its 20 day (68.22), below its 50 day (69.62), below its 100 day (69.72), below its 200 day (70.40) and below its year-to date (70.49) …

Oil Follows Broader Market Sell Off

Jim RinaudoGeneral Commentary

The May WTI (CLK25) contract settled at 69.36 (-0.56) [-0.80%], high of 70.09, low of 68.87. Spot price is 69.90 (+0.25), open interest for CLK25 is 330,240. CLK25 settled below its 5 day (69.41), above its 20 day (67.55), below its 50 day (69.97), below its 100 day (69.72), below its 200 day (70.48) and below its year-to date (70.50) moving averages.  …