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June,19 - WTI stretches Thursday’s recovery moves

WTI eases from the intraday high, also the weekly top, of $39.65 to $39.33 while heading into the European session on Friday.

wti1906Even so, the black gold currently prints 0.83% gains on a day as extending the previous day’s run-up.

Although no major oil-specific catalysts have been rolled out so far during the dull Asian session, risk reset seems to have paved the way for the energy benchmark’s rise. The market’s previous pessimism catches a breather amid signs of further stimulus from the US and upbeat comments by Japanese policymakers.

Lang

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