WTI crude oil fades bullish bias at one-week high, stays pressured at intraday low of late. OPEC defends annual oil demand forecasts but cuts quarterly projections...
The Canadian Dollar is being supported by firmer oil prices and BOC Governor’s hawkish commentary. JP Morgan Chase & Co. see a spark in S&P500 post...
USD/CAD retreats from intraday highs, struggles to defend buyers. WTI bounces off annual low, snaps six-day downtrend amid fears of supply crunch. Sour sentiment, anxiety ahead...
WTI printed fresh bear cycle lows on Friday. Focus is on TC Energy and the price of Russian crude trading below the $60/bbl cap. west texas...
USD/CAD traders will be eyeing the FOMC and the Oil price. USD/CAD is riding dynamic support with a focus on 1.3700. USD/CAD ended the week at...
Europe and the G-7 started applying a price cap to oil prices, crude plunged. EU Commission President Von der Leyen anticipated more sanctions ahead. WTI trades...
Russian President Vladimir Putin said on Friday that Russia will not sustain losses from oil price caps, as reported by Reuters. Key Takeaways “If the consumer...
WTI prints mild gains at lowest levels in 2022, snaps four-day downtrend. Russian President Vladimir Putin’s comments, China’s easing of Zero-Covid policy favor bulls. Fears of...
Indices display bearish moves as US recession fears have spooked investors’ sentiment. A decline in China’s inflation could compel the PBOC to ease policy ahead. The...
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...
WTI price is on the back side of the channel, so that is longer-term bullish. The WTI H4 M-formation is bullish and a break of the...
Chinese equities have soared as the economy has started focusing on easing Covid-19 restrictions. Higher interest rate peak projections by Fed’s Evans have supported US Treasury...
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...
Asian equities have roared strongly as the Fed confirmed a less-hawkish December monetary policy. Chinese indices have hogged the limelight on upbeat Caixin Manufacturing PMI data....
USD/CAD sees around intraday low during two-day downtrend. China data, cautious mood ahead of key US statistics probe US Dollar bears. WTI crude oil eases amid...
Oil prices are displaying sideways auctions ahead of Fed Powell’s speech. The US API has reported a drawdown in oil inventories for the third consecutive time....
WTI bears are moving in at a critical juncture. A break of horizontal support leaves the downside exposed. West Texas Intermediate is higher on the day...
WTI extends the previous day’s corrective bounce off the yearly low. Downbeat daily infections, support measures for real-estate firms favor markets in China and abroad. Rumors...
It was a volatile start to the week and the US sessions stayed with the theme. The US dollar edged up to 106.74 on Monday, recovering...