{"id":50877,"date":"2025-09-29T15:46:08","date_gmt":"2025-09-29T15:46:08","guid":{"rendered":"https:\/\/www.newsbeep.com\/ie\/50877\/"},"modified":"2025-09-29T15:46:08","modified_gmt":"2025-09-29T15:46:08","slug":"us-oil-wti-retreats-after-yet-another-failed-breakout","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/ie\/50877\/","title":{"rendered":"US Oil (WTI) retreats after yet-another failed breakout"},"content":{"rendered":"<p data-block-key=\"i8dqt\">Price movements in the energy commodity markets are known to be volatile, with a huge number of factors influencing its supply and demand.<\/p>\n<p data-block-key=\"cuqqc\">Between global economic activity fluctuating, OPEC+ countries trying to shake each others out, and persistent wars implying re-routed exports\/imports, trying to understand each and every move is a daunting, almost impossible task.<\/p>\n<p data-block-key=\"bchi\">But understanding movements is a task for historians, traders need to focus on the current course of action in an attempt to generate profits (and minimize losses that will always incur).<\/p>\n<p data-block-key=\"dcm0u\">Over the preceding week, <a href=\"https:\/\/www.marketpulse.com\/markets\/wti-oil-breaks-out-as-russia-menaces-with-output-cuts-and-usd-weakness-fuels-energy-rally\/\" rel=\"nofollow noopener\" target=\"_blank\">the Trump Administration repeated their discontent over Europe still purchasing Russian oil through different routes<\/a>, pushing the joint economy to find alternatives.<\/p>\n<p data-block-key=\"8e9hp\">This was a catalyst for a progressive yet explosive rise, taking prices from $62.20 lows on Monday to $67.80 highs Friday morning, a +7% move.<\/p>\n<p data-block-key=\"dg5h4\">However, things would be too easy if they were as straightforward: A Friday morning selloff took the commodity down 2% from its highs, and the move is continuing today.<\/p>\n<p data-block-key=\"don62\">New export routes are re-opening with Iraq allowing Kurdish oil exports to Turkey after 2-and-a-half years of halt, adding even more supply to an oversupplied market.<\/p>\n<p data-block-key=\"6odsl\">Oil companies are seeing the pressure, with Total Energies announcing just a few moments ago they would sell their global assets and keeping only their Europe, US and Brazil postiions.<\/p>\n<p data-block-key=\"6gn01\">Let&#8217;s dive into some key charts for WTI Oil.<\/p>\n","protected":false},"excerpt":{"rendered":"Price movements in the energy commodity markets are known to be volatile, with a huge number of factors&hellip;\n","protected":false},"author":2,"featured_media":50878,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[12],"tags":[72,61,60,123],"class_list":["post-50877","post","type-post","status-publish","format-standard","has-post-thumbnail","category-markets","tag-business","tag-ie","tag-ireland","tag-markets"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/posts\/50877","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/comments?post=50877"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/posts\/50877\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/media\/50878"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/media?parent=50877"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/categories?post=50877"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/tags?post=50877"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}