Share: Oil installations around Turkey and Syria had reported no or minor damages, which capped WTI’s drop. Fed hawkish commentary capped WTI’s rally toward $80.00. WTI...
Share: Western Texas Intermediate got bolstered as the US Dollar weakens on soft US Fed Powell remarks China’s reopening and Turkey’s earthquake are one of the...
Share: Western Texas Intermediate recovers some ground even though the US Dollar remains buoyant. IEA’s director commented that China’s reopening would drive oil prices. WTI Technical...
WTI is set to finish the week with more than 2% losses. Factors like solid US jobs data and the EU’s embargo on Russian oil-related products...
EUR/GBP has managed to sustain above 0.8800 despite the expectations of a slowdown in the Eurozone HICP. Softening energy prices have trimmed inflation projections for the...
WTI got bolstered by a soft US Dollar, though it struggled to break above solid resistance. The deceleration in the US Consumer Price Index (CPI) and...
WTI rallied more than 3% due to increased optimism on China’s re-opening. An increase in US stockpiles was not an excuse for WTI to continue to...
WTI is set to end the week with substantial losses of 8.40% The jobs report showed a slowdown in wages, while the labor market remains resilient....
WTI trims some of its 9% losses incurred during the week and reclaims the $73.00 mark. Recessionary fears sparked by weak PMI readings in China and...
Western Texas Intermediate erases last Friday’s gains, tumbles more than 3%. Technical factors and China’s Covid-19 crisis increased traders’ worries about diminishing oil demand. WTI Price...
European Commission President Ursula von der Leyen said in a press conference on Monday that Europe’s energy supply will be safe this winter, as reported by...
Australian Prime Minister Anthony Albanese announced on Friday, a A$1.5 bln bill relief support for businesses and households on energy. Additional takeaways Announces price cap for...
CME Group’s flash data for crude oil futures markets noted traders scaled back their open interest positions by just 492 contracts on Tuesday, partially reversing the...
Russian Deputy Prime Minister Alexander Novak said on Tuesday, “Russia might reduce oil production, but not by much. Additional quotes “Oil production in Russia in December...
Following a meeting where the OPEC and its allies (OPEC+) decided to continue its existing policy, Kuwait’s oil Minister Bader al Mulla said late Sunday that...
China’s coronavirus crisis weighs on WTI price, on speculations of lower demand. The Eurozone threatening to impose a cap on Russian and a buoyant US Dollar...
EUR/USD is aiming to recapture Thursday’s high at 1.0445 as US yields extend losses further. A slowdown in an interest rate hike by the Fed could...