Oil Futures Little Changed in Early U.S. Trading — Market Talk
Bullish strength: 48/100
- The expiring November WTI contract reached $110 a barrel, identified as a potential upside target.
- Analysts see scope for further WTI upside over the next one to two weeks.
Bearish strength: 52/100
- December WTI slipped 0.1% to $97.72 a barrel.
- Brent declined 0.3% to $108.51 a barrel.
- Analysts cautioned that recent price acceleration largely reflected increased risk appetite rather than a shift in global crude balances.
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