WTI’s price action seems to have been wobbling yet a bullish predisposition seems to remain present among oil traders since our last report. For the time being, we intend to have a look at the conditions in the US oil market yet also have a look at the supply and demand sides of the international oil market. In this report, we aim to shed light on the catalysts driving WTI’s price, assess its future outlook and conclude with a technical analysis. Oil: Overview Report US oil market’s tightness interrupted The tightness of the US oil market seems to have been interrupted. We note though that the number of active oil ... (full story)