| 
April 17, 2023
US crude oil drops from $82.52 to $81 per barrel, losing $1.52 (1.85%) today.
Meanwhile, United States TIC Net Long-Term Transactions (Feb) came out at 71 billion, while a consensus of analysts was expecting 101.9 billion. United States NY Empire State Manufacturing Index (Apr) released today at 12:30 UTC with a figure of 10.8, while the previous figure was -24.6.
Crude Oil made an initial break below its 10 day Simple Moving Average at $81.46, a possible indication of a forthcoming negative trend.
In the short term, WTI crude oil is expected to maintain its recent downtrend and continue spiralling lower.
Taking a look at other Energy commodities, negative performances are evident as Brent Crude Oil slumps 1.67% to trade around $84.87.
Positive performances can be seen by looking at other Energy markets as having closed the previous session at $2.11, Natural Gas is up 8.23% today to currently trade at around $2.29.
Furthermore, United States Building Permits (Mar) scheduled to come out tomorrow at 12:30 UTC.
US crude oil reached a significant high of $122.09 around 10 months ago but has lost 32.41% since then.
