WTI Price Action Week of 3/22-3/26

March 26, 2021
Print Friendly, PDF & Email
Prompt-month contract rolled from April to May
Continued demand worries and possibly a continuation of speculator exits sent WTI down 6.5% on Tuesday
WTI crossed over the 50-day moving average. This bearish technical move increase selling pressure
The blockage at the Suez Canal, a major commodity waterborne route, caused oil to rise
The dollar reached a 4-month high. This was a driver for Thursday’s price weakness

Access Our Deeper Market Insights

Product Factor Matrix

Proprietary view of priced-in factors driving the market vs. potential bullish and bearish surprises.

Learn More

Trading Recommendations

Clear trading recommendations based on real market opportunities that enable clients to take action.

Learn More

Market Data

A comprehensive suite of the latest curves, spot pricing, settles, and strips to drive confident hedging decisions.

Learn More

Benchmarking and Trade Analytics

Real-time access to analyze your hedging strategy against AEGIS benchmarks and current market activity.

Learn More