Crude Oil Trades Lower Off Friday’s Rebound

Jim RinaudoGeneral Commentary

The April WTI (CLJ25) trading session settled at 66.03 (-1.01) [-1.51%], a high of 67.60, a low of 65.80. Cash price is at 67.04 (+0.67), while open interest for CLJ25 is at 219,284. CLJ25 settled below its 5 day (66.79), below its 20 day (69.78), below its 50 day (71.64), below its 100 day (70.10), below its 200 day (71.13) …

Trade Wars Begin? Trump Administration Ends Chevron License, OPEC Confirms April Output Increase – WTI Crude Oil

Jim RinaudoGeneral Commentary

The April WTI (CLJ25) trading session settled at 68.26 (-0.11) [-0.16%], a high of 68.56, a low of 66.77. Cash price is at 68.38 (-1.35), while open interest for CLJ25 is at 271,199. CLJ25 settled below its 5 day (68.96), below its 20 day (70.68), below its 50 day (71.82), below its 100 day (70.33), below its 200 day (71.29) …

OPEC+ Confirms April Production Increase, Trump Signs Off On 25% Tariffs On Mexico and Canada While Adding Another 10% Levy on China – WTI Crude Oil

Jim RinaudoGeneral Commentary

The April WTI (CLJ25) trading session settled at 68.37 (-1.39) [-1.99%], a high of 70.60, a low of 67.89. Cash price is at 69.73 (-0.63), while open interest for CLJ25 is at 273,690. CLJ25 settled below its 5 day (69.21), below its 20 day (70.92), below its 50 day (71.85), below its 100 day (70.37), below its 200 day (71.32) …