Gold/WTI

Oil steadied after a two-day advance as traders count down to a key meeting that may see OPEC+ extend or deepen production cuts. West Texas Intermediate traded below $78 a barrel, after rising 4% over the previous two sessions. Global benchmark Brent was above $83. OPEC+ heavyweight Saudi Arabia is pressing fellow members to join it in restraining output to ...

In today’s technical spotlight, we turn our attention to Brent oil, a commodity that’s been in a holding pattern of late, but appears poised for a significant move. The current market scenario suggests an impending breakout, given the formation patterns observed. The price of oil is currently navigating through a pennant formation, delineated by two ...