Oil production in the US increased by almost 1%, according to the US EIA. US President Joe Biden calls oil companies to raise production to lower...
Here is what you need to know on Friday, October 28: Apple (AAPL) may have saved the day for this recent equity recovery after a solid...
Western Texas Intermediate (WTI), the US crude oil benchmark, has risen close to 4%. US inventories added 2.6 million barrels, above estimates but lower than Tuesday’s...
Oil prices have picked bids around $84.00 after a corrective move. The EIA is expected to report a build-up of oil inventories by 0.2M barrels. Hawkish...
CME Group’s flash data for crude oil futures markets noted traders added more than 2K contracts to their open interest positions at the beginning of the...
USD/INR takes offers to reverse the week-start gains. Softer oil prices, hopes of festive demand underpin INR amid sluggish session. DXY traces downbeat yields, absence of...
WTI takes offers to renew intraday low, remains mildly offered though. Softer yields, absence of Fedspeak weigh on DXY, downbeat PMIs magnify economic slowdown risk. API...
SPY recovers to end a positive week for equities. Tech earnings week beckons: AAPL, META, AMZN, MSFT. SPY and QQQ bounce as Fed pivot talk once...
USD/INR picks up bids while snapping two-day downtrend. DXY rebounds amid mixed sentiment, hawkish Fed bets, ignores softer yields. Downbeat oil prices, pre-Fed anxiety challenge pair...
Here is what you need to know on Friday, October 21: Equity markets remain nervous as earnings season is overshadowed by the ever-increasing specter of rising...
Western Texas Intermediate (WTI) s set to finish the week with losses of 0.55%. China’s demand and a soft US Dollar underpinned oil prices. WTI buyers...
Saudi Energy Minister Abdulaziz bin Salman Al Saud said on Friday that OPEC+ is doing the right job for a stable energy market. Meanwhile, an Iranian...
USD/CAD is marching towards 1.3800 as the market mood has soured amid souring yields. Fed’s Beige Book has indicated labor demand moderation due to economic slowdown...
US President Joe Biden said the US will sell 15 million barrels of crude oil from the SPR from the nation’s Strategic Petroleum Reserve (SPR) by...
USD/CAD struggles to extend the recovery from two-week low, grinds near intraday top. US readiness to use SPR to battle OPEC+ supply cuts weighs on oil...
USD/INR prints mild gains after bouncing off one-week low the previous day. Hawkish Fed bets, oil price rebound favor buyers during inactive trading session. Risk-on mood...
USD/INR remains mildly offered at one-week low but bears hesitate of late. UK-inspired optimization fades amid a lack of major catalysts, policymakers’ aggression. Hawkish Fed bets,...
USD/CAD takes the bids to renew intraday high, extends bounce off one-week low. Hawkish Fed bets, easing risk-on mood underpin the DXY rebound. Hopes of US...
WTI rebounds from a fortnight low to snap four-week downtrend. The 100-SMA, two-week-old support line restricts the immediate downside amid sluggish oscillators. Buyers need validation from...
WTI oil prices drop 8% on the week to test $85.50 lows. Recession fears are weighing on crude prices. WTI price forecast upgraded to $94 in...