WTI Crude Oil via USO ETF up 1.36%

Price action

According to Finnhub, the USO ETF — the listed proxy for WTI Crude Oil in this spotlight — is $153.09, rose 1.36% from the prior close and recorded a five-session change of +0.08% in the market snapshot as of Oct 13, 20:00 UTC.

Trend and momentum

MarketAlleys Commodities desk shows WTI Crude Oil's trend status as neutral with RSI(14) at 51.3; the instrument's close 96.24 sits above the 50-day moving average 90.67 and the long moving average 84.25.

Trend status is a rules-based classification of moving averages and MACD on daily closes (as of Oct 13, 22:40 UTC); it is not a recommendation.

News flow

Reuters reported that a US blockade keeps Iranian crude exports at zero in October. Reuters also reported that Trump said Houthis are trying to drive up oil prices ahead of US midterm elections. Forexlive published an Americas FX news wrap noting the dollar’s retreat as traders await CPI and that oil rises while stocks slip.

• US blockade keeps Iranian crude exports at zero in October, report says — Reuters, Oct 13, 16:53 UTC
• Trump says Houthis trying to drive up oil prices ahead of US midterm elections — Reuters, Oct 13, 16:38 UTC
• investingLive Americas FX news wrap 13 Oct: Dollar retreats as traders await CPI; oil rises and stocks slip — Forexlive, Oct 13, 21:19 UTC
• Saudi leads jump in OPEC+ oil output in September, despite Iran war disruption — Reuters, Oct 13, 13:58 UTC
• Occidental oil prices jump as supply concerns lift crude — Reuters, Oct 13, 12:01 UTC

Across commodities

According to Finnhub, across commodities the USO ETF rose 1.36% from the prior close; the GLD ETF fell 0.13% from the prior close and the SLV ETF fell 1.58% from the prior close; the BNO ETF was little changed from the prior close; the UNG ETF rose 4.49% from the prior close; and the CPER ETF fell 0.44% from the prior close.

What to watch

The Consumer Price Index is scheduled Wed Oct 14, 12:30 UTC and is listed as high importance by the bls; Retail sales (Census) is scheduled Thu Oct 15 (time not confirmed) and is listed as high importance by fred. Both events are the next macro releases flagged in the calendar.

• Wed Oct 14, 12:30 UTC — Consumer Price Index (US) (source)
• Thu Oct 15 (time not confirmed) — Retail sales (Census) (US) (source)

Sources and data

• Reuters (secondary source) — US blockade keeps Iranian crude exports at zero in October, report says
• Forexlive (secondary source) — investingLive Americas FX news wrap 13 Oct: Dollar retreats as traders await CPI; oil rises and stocks slip
• Finnhub (market data) — market data
• U.S. Bureau of Labor Statistics (primary source) — calendar
• U.S. Energy Information Administration via FRED (primary source) — calendar
• Federal Reserve (primary source) — calendar

Market data as of Oct 13, 20:00 UTC; report generated Oct 14, 00:41 UTC. All times are UTC. Each table row shows its own timestamp and provider.

This report was produced by the MarketAlleys Research Desk using automated data processing and language tools from the sources listed above, and checked against our automated-content validation rules. It is for information only and is not investment advice.