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Oil retreats from its peak above $85 after news that Israel reportedly launched a retaliatory strike on Iran. WTI Oil prices broke above $85.00, while Brent...
WTI snaps the three-day winning streak near $85.00 on Friday. Israel retaliates as missiles strike a site in Iran, boosting the black gold price. The expectation...
WTI Oil sell-off gets nearly fully erased at the start of the US trading session. Oil prices earlier broke below the pivotal $83.34 level, heading abck to...
WTI trades in negative territory for the third consecutive day near $82.25 on Thursday. A rise in US crude inventory and a higher possibility of delay...
USD/CAD slumps to 1.3800 even though the US Dollar exhibits strength. Investors see the BoC choosing the June meeting as their earliest point for pivoting to...
Oil prices edge down to $85 as Fed Powell’s hawkish guidance cast doubts over global demand outlook. The US warns to levy fresh sanctions on Iran...
WTI kicks off the new week on a subdued note and reacts little to Iran’s attack on Israel. Worries about cooling fuel demand turn out to...
Following late Saturday’s Iranian attack on Israel, analysts at Goldman Sachs explain the impact of the Middle East escalation on Oil price. Key quotes “Our commodities...
USD/CAD jumps to 1.3735 as the Canadian Dollar weakens on dismal market sentiment. Investors turn risk-averse as trades priced out Fed rate cut hopes for June....
WTI trades back above $86 after whipsawing around it this week. Oil price rises near 1% despite EIA calls for a negative outlook on Oil demand....
In its monthly oil market report published on Friday, the International Energy Agency (IEA) lowered the 2024 global oil demand growth forecast by 130,000 bpd to 1.2 million (mln)...
WTI drifts lower to $85.00 on Friday. The higher-for-longer US rate narrative weighs on the black gold. The fear of Middle East geopolitical tensions might cap...
WTI struggles to attract any follow-through buying amid mixed fundamental cues. Concerns about the worsening Middle East act as a tailwind for the black liquid. Signs...
WTI extends its downside near $84.60 on Wednesday. The bigger-than-expected build in US crude inventories weighs on the black gold. The uncertainty over Gaza ceasefire talks...
WTI prices gain momentum near $86.00 on Tuesday. The ongoing Middle East tensions, a key region for oil production, might boost WTI prices. The expectation that...
WTI kicks off the new week on a weaker note amid easing geopolitical tensions in the Middle East. The post-NFP USD buying exerts additional pressure on...
WTI is stuck in a tight range but is poised to close the week on a bullish note. Supply concerns and an improved demand outlook have...
USD/CAD falls to 1.3500 due to multiple headwinds. The US Dollar corrects further on the weak US ISM Services PMI report. Higher Oil prices due to...
WTI is seen consolidating its recent strong move to over a five-month peak. Worries about supply disruptions and tight global supply lend some support. Signs of...