Market Analysis

WTI bearish – falling below 18 year-low with gap to Brent widening

Oil remains in a bearish phase with the WTI price falling to a 18-year low. The spread between WTI and Brent is also widening with Brent proving to be much more resilient currently. This is a clear indicator of how much this oil crisis directly affects the United States and their producers, with the shale oil sector likely to be one of the casualties from the huge oversupply.

Carlo Alberto De Casa – Chief analyst, ActivTrades

 

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