{"id":31789,"date":"2025-08-07T18:33:00","date_gmt":"2025-08-07T18:33:00","guid":{"rendered":"https:\/\/xlence-com.wp-dev.int.theitops.net\/?post_type=news_analysis&#038;p=31789"},"modified":"2025-12-17T10:31:59","modified_gmt":"2025-12-17T10:31:59","slug":"oil-weekly-update-wti-temporarily-snaps-5-day-losing-streak","status":"publish","type":"news_analysis","link":"https:\/\/www.xlence.com\/en\/news-analysis\/oil-weekly-update-wti-temporarily-snaps-5-day-losing-streak\/","title":{"rendered":"Oil Weekly Update: WTI temporarily snaps 5-day losing streak"},"content":{"rendered":"\n<ul class=\"wp-block-list\">\n<li>Crude oil futures are currently attempting to rebound from 2-month lows around the $65 per barrel area, temporarily halting their five-day losing streak, as markets shift their attention towards geopolitical developments and the effect of Trump\u2019s tariffs on the demand side of the commodity.<\/li>\n\n\n\n<li>President Trump ramped up threats towards nations that purchase crude from Russia, such as China and India, vowing to impose harsher tariffs hikes on them, giving a 3-week hiatus period before enforcement. Reportedly, Indian state-owner refiners are pulling back from purchases of Russian crude oil for now, seeking to comply and avoid being penalized.<\/li>\n\n\n\n<li>At the same time nonetheless, US and Russian delegations appear to be on the cusp of reaching a peace deal in Ukraine and traders now brace for a potential meeting between Trump and Putin, which could soften economic tensions between the two nations.<\/li>\n\n\n\n<li>US crude oil inventories data kept a check on prices or at least, capped their losing streak, with API reporting a 4.2-million barrels of drawdowns over the past week, surpassing market expectations of a 1.8-million-barrel draw, suggesting stronger-than-anticipated demand.<\/li>\n<\/ul>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-technical-analysis-of-oil\"><strong>Technical Analysis<\/strong> <strong>of Oil<\/strong><\/h2>\n\n\n\n<p><strong>WTI Chart \u2013 <\/strong>Volatility around crude futures fade away, the commodity conducts balancing act near $65 per barrel area<\/p>\n\n\n\n<figure class=\"wp-block-image size-full\"><img fetchpriority=\"high\" decoding=\"async\" width=\"733\" height=\"414\" src=\"https:\/\/www.xlence.com\/wp-content\/uploads\/2025\/08\/oil-report-xlence-7-8-2025.png.jpg\" alt=\"EUR\/USD chart displaying a bullish trend with upward movement indicated by green lines and arrows.\" class=\"wp-image-31791\"\/><\/figure>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>Resistance: <\/strong>68.50 (R1), 72.50 (R2), 77.60 (R3)<\/li>\n\n\n\n<li><strong>Support: <\/strong>64.50 (S1), 61.30 (S2), 58.00 (S3)<\/li>\n<\/ul>\n\n\n\n<p>Another week goes by and WTI futures continue to gyrate aimlessly between the $64.50 (S1) and $68.50 (R1) per bounds, despite the 5-day losing streak, as traders scavenge for data to help them assess what may come next. Given the lack of catalysts and therefore volatility, we maintain our sideways bias for the commodity, projecting the extension of the move within the aforementioned bounds. Supporting our case is the RSI value of 46 signalling indecision but the +DI and -DI have moved slightly apart, with negative pressures somewhat persisting and ADX rising above 30. <\/p>\n\n\n\n<p>Should the bulls take the initiative, we may see the commodity climbing above the $68.80 (R1) resistance level and after a successful break and head on to challenge the $72.50 (R2) area. Should the on the other hand the bears extend their reign, we would reasonably expect to see a break below, the closest line of defence at the $65.00 (S1) support level, and head south, towards the $61.30 (S2) support zone.<\/p>\n\n\n\n<p><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Technical Analysis of Oil WTI Chart \u2013 Volatility around crude futures fade away, the commodity conducts balancing act near $65 per barrel area Another week goes by and WTI futures continue to gyrate aimlessly between the $64.50 (S1) and $68.50 (R1) per bounds, despite the 5-day losing streak, as traders scavenge for data to help [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":28178,"template":"","news_category":[110],"class_list":["post-31789","news_analysis","type-news_analysis","status-publish","has-post-thumbnail","hentry","news_category-weekly-insights-oil"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v26.2 (Yoast SEO v27.2) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Oil Weekly Update: WTI temporarily snaps 5-day losing streak<\/title>\n<meta name=\"description\" content=\"WTI rebounds near $65 amid Trump tariffs, peace talks, and strong US inventory data. Oil trades in tight range with low volatility.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.xlence.com\/en\/news-analysis\/oil-weekly-update-wti-temporarily-snaps-5-day-losing-streak\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Oil Weekly Update: WTI temporarily snaps 5-day losing streak\" \/>\n<meta property=\"og:description\" content=\"WTI rebounds near $65 amid Trump tariffs, peace talks, and strong US inventory data. Oil trades in tight range with low volatility.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.xlence.com\/en\/news-analysis\/oil-weekly-update-wti-temporarily-snaps-5-day-losing-streak\/\" \/>\n<meta property=\"og:site_name\" content=\"Xlence\" \/>\n<meta property=\"article:modified_time\" content=\"2025-12-17T10:31:59+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.xlence.com\/wp-content\/uploads\/2025\/06\/oil-thumbnail.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"740\" \/>\n\t<meta property=\"og:image:height\" content=\"300\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data1\" content=\"3 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.xlence.com\/en\/news-analysis\/oil-weekly-update-wti-temporarily-snaps-5-day-losing-streak\/\",\"url\":\"https:\/\/www.xlence.com\/en\/news-analysis\/oil-weekly-update-wti-temporarily-snaps-5-day-losing-streak\/\",\"name\":\"Oil Weekly Update: WTI temporarily snaps 5-day losing streak\",\"isPartOf\":{\"@id\":\"https:\/\/www.xlence.com\/en\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/www.xlence.com\/en\/news-analysis\/oil-weekly-update-wti-temporarily-snaps-5-day-losing-streak\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/www.xlence.com\/en\/news-analysis\/oil-weekly-update-wti-temporarily-snaps-5-day-losing-streak\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/www.xlence.com\/wp-content\/uploads\/2025\/06\/oil-thumbnail.jpg\",\"datePublished\":\"2025-08-07T18:33:00+00:00\",\"dateModified\":\"2025-12-17T10:31:59+00:00\",\"description\":\"WTI rebounds near $65 amid Trump tariffs, peace talks, and strong US inventory data. Oil trades in tight range with low volatility.\",\"breadcrumb\":{\"@id\":\"https:\/\/www.xlence.com\/en\/news-analysis\/oil-weekly-update-wti-temporarily-snaps-5-day-losing-streak\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/www.xlence.com\/en\/news-analysis\/oil-weekly-update-wti-temporarily-snaps-5-day-losing-streak\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.xlence.com\/en\/news-analysis\/oil-weekly-update-wti-temporarily-snaps-5-day-losing-streak\/#primaryimage\",\"url\":\"https:\/\/www.xlence.com\/wp-content\/uploads\/2025\/06\/oil-thumbnail.jpg\",\"contentUrl\":\"https:\/\/www.xlence.com\/wp-content\/uploads\/2025\/06\/oil-thumbnail.jpg\",\"width\":740,\"height\":300},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/www.xlence.com\/en\/news-analysis\/oil-weekly-update-wti-temporarily-snaps-5-day-losing-streak\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/www.xlence.com\/en\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Oil Weekly Update: WTI temporarily snaps 5-day losing streak\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/www.xlence.com\/en\/#website\",\"url\":\"https:\/\/www.xlence.com\/en\/\",\"name\":\"Xlence\",\"description\":\"\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/www.xlence.com\/en\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"}]}<\/script>\n<!-- \/ Yoast SEO Premium plugin. -->","yoast_head_json":{"title":"Oil Weekly Update: WTI temporarily snaps 5-day losing streak","description":"WTI rebounds near $65 amid Trump tariffs, peace talks, and strong US inventory data. Oil trades in tight range with low volatility.","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.xlence.com\/en\/news-analysis\/oil-weekly-update-wti-temporarily-snaps-5-day-losing-streak\/","og_locale":"en_US","og_type":"article","og_title":"Oil Weekly Update: WTI temporarily snaps 5-day losing streak","og_description":"WTI rebounds near $65 amid Trump tariffs, peace talks, and strong US inventory data. Oil trades in tight range with low volatility.","og_url":"https:\/\/www.xlence.com\/en\/news-analysis\/oil-weekly-update-wti-temporarily-snaps-5-day-losing-streak\/","og_site_name":"Xlence","article_modified_time":"2025-12-17T10:31:59+00:00","og_image":[{"width":740,"height":300,"url":"https:\/\/www.xlence.com\/wp-content\/uploads\/2025\/06\/oil-thumbnail.jpg","type":"image\/jpeg"}],"twitter_card":"summary_large_image","twitter_misc":{"Est. reading time":"3 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"WebPage","@id":"https:\/\/www.xlence.com\/en\/news-analysis\/oil-weekly-update-wti-temporarily-snaps-5-day-losing-streak\/","url":"https:\/\/www.xlence.com\/en\/news-analysis\/oil-weekly-update-wti-temporarily-snaps-5-day-losing-streak\/","name":"Oil Weekly Update: WTI temporarily snaps 5-day losing streak","isPartOf":{"@id":"https:\/\/www.xlence.com\/en\/#website"},"primaryImageOfPage":{"@id":"https:\/\/www.xlence.com\/en\/news-analysis\/oil-weekly-update-wti-temporarily-snaps-5-day-losing-streak\/#primaryimage"},"image":{"@id":"https:\/\/www.xlence.com\/en\/news-analysis\/oil-weekly-update-wti-temporarily-snaps-5-day-losing-streak\/#primaryimage"},"thumbnailUrl":"https:\/\/www.xlence.com\/wp-content\/uploads\/2025\/06\/oil-thumbnail.jpg","datePublished":"2025-08-07T18:33:00+00:00","dateModified":"2025-12-17T10:31:59+00:00","description":"WTI rebounds near $65 amid Trump tariffs, peace talks, and strong US inventory data. Oil trades in tight range with low volatility.","breadcrumb":{"@id":"https:\/\/www.xlence.com\/en\/news-analysis\/oil-weekly-update-wti-temporarily-snaps-5-day-losing-streak\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/www.xlence.com\/en\/news-analysis\/oil-weekly-update-wti-temporarily-snaps-5-day-losing-streak\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.xlence.com\/en\/news-analysis\/oil-weekly-update-wti-temporarily-snaps-5-day-losing-streak\/#primaryimage","url":"https:\/\/www.xlence.com\/wp-content\/uploads\/2025\/06\/oil-thumbnail.jpg","contentUrl":"https:\/\/www.xlence.com\/wp-content\/uploads\/2025\/06\/oil-thumbnail.jpg","width":740,"height":300},{"@type":"BreadcrumbList","@id":"https:\/\/www.xlence.com\/en\/news-analysis\/oil-weekly-update-wti-temporarily-snaps-5-day-losing-streak\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/www.xlence.com\/en\/"},{"@type":"ListItem","position":2,"name":"Oil Weekly Update: WTI temporarily snaps 5-day losing streak"}]},{"@type":"WebSite","@id":"https:\/\/www.xlence.com\/en\/#website","url":"https:\/\/www.xlence.com\/en\/","name":"Xlence","description":"","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/www.xlence.com\/en\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"}]}},"_links":{"self":[{"href":"https:\/\/www.xlence.com\/en\/wp-json\/wp\/v2\/news_analysis\/31789","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.xlence.com\/en\/wp-json\/wp\/v2\/news_analysis"}],"about":[{"href":"https:\/\/www.xlence.com\/en\/wp-json\/wp\/v2\/types\/news_analysis"}],"author":[{"embeddable":true,"href":"https:\/\/www.xlence.com\/en\/wp-json\/wp\/v2\/users\/2"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.xlence.com\/en\/wp-json\/wp\/v2\/media\/28178"}],"wp:attachment":[{"href":"https:\/\/www.xlence.com\/en\/wp-json\/wp\/v2\/media?parent=31789"}],"wp:term":[{"taxonomy":"news_category","embeddable":true,"href":"https:\/\/www.xlence.com\/en\/wp-json\/wp\/v2\/news_category?post=31789"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}