Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any […]
WTI price loses traction to near $77.85 in Friday’s early Asian session. Maritime security officials expect a halt to Houthi shipping attacks. The expectation of rising oil demand during the Lunar New Year might support the WTI price. West Texas Intermediate (WTI), the US crude oil benchmark, is trading around $77.85 on Friday. The WTI price edges […]
WTI price posts modest gains near $76.75 in Wednesday’s early Asian session. US EIA expected oil demand to steady in 2025 and 2026. US crude oil inventories dropped by 2.6 million barrels last week, according to the API. West Texas Intermediate (WTI), the US crude oil benchmark, is trading around $76.75 on Wednesday. The WTI price […]
USD/CAD extends its winning streak as traders expect the Fed to keep interest rates steady in January. US Nonfarm Payrolls increased by 256K in December, exceeding expected 160K and November’s figure of 212K. The downside of the commodity-linked CAD could be restrained due to higher Oil prices. USD/CAD continues to gain ground for the fifth […]
WTI price gains traction to near $74.15 in Wednesday’s Asian session. US crude oil inventories fell by 4.022 million barrels last week, according to the API. Oil traders brace for the FOMC Minutes on Wednesday ahead of the US December NFP report. West Texas Intermediate (WTI), the US crude oil benchmark, is trading around $74.15 […]
United States Baker Hughes US Oil Rig Count: 482 vs previous 483 Source link
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any […]
Oil prices are up over 1.00% this Friday ahead of last Oil data points for 2024. Key US Oil data will be released Friday, with expectations for another draw down. The US Dollar Index trades flat and resides just above 108.00, heading into New Years Eve next week. Crude Oil prices are speeding higher on […]
Oil prices are hanging on to marginal gains with traders set to head into the Christmas holidays. Markets are ignoringe some headlines about further stimulus in China, one of the top global consumers. The US Dollar Index trades just below its current two-year high as volatility winds down. Crude Oil prices are going nowhere as […]
China is more relevant to crude oil prices than the fall of Bashar Al-Assad’s regime, TDS’ Senior Commodity Strategist Daniel Ghali notes. Energy supply risks are not rising “The Levant is not an oil producing region, limiting the implications for energy prices in the near-term despite a significant reshuffle of the geopolitical order in the Middle East. […]
United States Baker Hughes US Oil Rig Count above forecasts (478): Actual (482) Source link
Oil prices reacted to yesterday’s OPEC+ decisions with slight losses. The Brent oil price slipped below the USD 72 per barrel mark in the morning, Commerzbank’s commodity analyst Carsten Fritsch notes. Thursday’s OPEC+ decisions don’t shake oil markets “The postponement of the planned production increase by a further three months had been expected. However, it […]
