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WTI Oil Price To Reach $100

Since both WTI and Brent Crude reached $130 in March 2022, the bears have continued to push price lower. At the end of 2022, price closed at $80.48, a little bit higher than the opening price of the year 2022 which was $75.67. 

Weekly Chart

WTI Oil price opened in 2023 at $80.62. A consolidation that had begun in December which continued into the new year. Though RSI on the daily and weekly chart shows that price has been overbought, we might be seeing a price rally in the first quarter of 2023. Our analysts see the bulls pushing WTI Oil price to $100.

Daily Chart

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