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...
USD/CAD finds cushion near 1.3500 as Oil prices drop on tighter supply concerns. The US Dollar moves higher while risk-sensitive currencies edge down amid uncertainty ahead...
WTI Oil closed off Thursday at $82.82, close to a fresh five-month high. Oil traders remain bullish despite recent US stockpile build-ups. The US Dollar Index...
TI trades on a softer note near $81.50 on Thursday. The high-for-longer rate narrative from the Fed boosts the US Dollar. US crude oil inventories rose...
WTI Oil retreats below $82 on hefty increase in US crude stockpiles. Oil traders remain bullish, but the US stockpile build-up is difficult to ignore. The...
WTI trades in negative territory near $80.85 amid the firmer USD. The prospect of ongoing geopolitical tensions could lift the WTI prices. OPEC+ set to affirm...
WTI prices gain momentum on the softer USD and supply concerns. Disruptions to oil refineries in Russia by recent attacks, support the upward trajectory of WTI...
WTI Oil finds support at $80.63 and jumps higher. Oil traders see demand possibly picking up and supply risks increasing due to geopolitical woes. The US...
WTI gains ground near 81.00, adding 0.37% on the day. OPEC+ voluntary production cuts and the Middle East geopolitical tensions might lift WTI prices. Weaker economic...
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WTI Oil eases a touch on Wednesday after its five-day winning streak. Oil traders are seeing earlier bullish bets play out with several supply issues at...