WTI crude oil rose 4.8% and Brent crude oil rose 5.7% this week
Energy in the past five trading days, measured with exchange-traded funds: WTI crude oil +4.8%; Brent crude oil +5.7%; natural gas −10.1%; gasoline +0.0%. Our model's read of each is on its call page.
Over the week to Friday 23 October, WTI crude oil rose 4.8%; Brent crude oil rose 5.7%; natural gas fell 10.1%; gasoline was little changed. For WTI crude oil, Brent crude oil, natural gas, gasoline, the figures are those of exchange-traded funds that hold futures, used as proxies because futures prices are not in our data plan, so they can differ from the spot price.
StocksXray's model reads 3 of these 4 markets as bullish and 1 as bearish. The strongest call is Brent crude oil: bullish, score +49, high confidence. Each market's reasoning and risk levels are on the commodity calls pages.
Over the past year WTI crude oil has moved with the US dollar (the link has been positive, +0.17, and the driver has been flat over three months), US equities (the link has been negative, -0.29, and the driver has been rising over three months). These links describe the past and are not a forecast.
In the CFTC positioning report dated 20 October, large speculators sit at 20 on a 0 to 100 scale for WTI crude oil (0 is their most short in the past 104 weeks, 100 their most long).
The numbers
| Market | Last | Day |
|---|---|---|
| WTI crude oil | 169.53 | +4.32% |
| Brent crude oil | 70.99 | +3.02% |
| Natural gas | 9.58 | −3.13% |
| Gasoline | 144.92 | +1.78% |
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This brief was generated by StocksXray from our own market data, using fixed templates and automated checks. See how our news is made in the editorial standards.
Educational only, not financial advice. Numbers beside the story are from our own data.