Share: WTI remains pressured around weekly low after welcoming bears the previous day. Cautious optimism about China, receding fears of Russia-induced supply crunch fears weigh on...
Share: USD/CAD takes offers to reverse the previous day’s corrective bounce off the lowest level since September 2022. WTI crude oil fails to cheer risk-positive headlines...
Share: The oil price has printed a fresh nine-day low at $67.60 amid bleak economic forecasts. In the battle against stubborn inflation, central banks are sharpening...
Share: Central bank rate hikes, led by BoE, stoke fears of diminished oil demand. WTI falls despite recent OPEC+ output cuts and surprise dip in US...
Share: WTI jumped to its highest level since June 8, reaching $72.70. Powell didn’t deliver hawkish surprises, maintaining his stance from last Wednesday’s presser. A positive...
Share: WTI fell to a five-day low of $69.82, seeing more than 1.50% losses. PBoC rate cuts fueled energy demand concerns among oil traders. World indexes...
Share: USD/CAD is showing lackluster action following the footprints of the sideways USD Index and oil prices. Interest rate guidance and a detailed explanation behind a...
Share: WTI fades bounce off intraday low, defends previous day’s U-turn from one-week high. Fears about tropical storm Bret turning into hurricane outside US Gulf renews...
Share: USD/CAD renews intraday high as it recovers from yearly low during Juneteenth holiday-inspired sluggish trading. Oil Price drops amid fears of less demand from China....
Share: WTI crude oil is up by 0.28%, supported by PBoC’s rate cut. ECB’s rate hike and Fed’s rate hold contrast, influencing WTI’s movement. Increasing Chinese...
Share: WTI retreats from one-week high amid mixed catalysts from US, China. Oil buyers reassess demand signals from China, EIA forecasts amid hawkish central banks. Risk...
Share: WTI has rallied into a potential area of resistance on the daily chart. Bears need to commit at this juncture or face pressure towards $72.00...
Share: CME Group’s flash data for crude oil futures markets saw traders scale back their open interest positions by more than 21K contracts on Wednesday, adding...
Share: WTI is on offer following a series of influential factors. WTI bears have eyes on $67.50/00 but there are prospects of a bullish correction. west...
Share: While justifying challenges to the black gold, JP Morgan cuts Oil price forecasts for 2023 and 2024 in its latest release. “JPMorgan cut its oil...
Share: WTI has tested territory above $70.00 as hopes for a neutral Fed policy remain solid. The report from IEA shows that global oil demand will...
Share: WTI recovers, trading at $69.44 per barrel following the US inflation report. China’s rate cut sparks an increase in WTI price due to a potential...
Share: WTI nosedives to $66.80, influenced by global economic deceleration and reduced oil price forecasts. Goldman Sachs revises WTI year-end forecast to $81 per barrel amid...
Share: WTI takes offers to refresh intraday low, down for the third consecutive day in a row. Fears of higher Oil supply, back of demand join...
Share: “The latest OPEC+ agreement involved comprehensive reform, but that the alliance was also working against ‘uncertainties and sentiment’ within the market,” said Saudi Arabia’s Energy...