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WTI remains muted after Fed hold
West Texas Intermediate (WTI) Oil stayed muted near $83 per barrel following the Federal Reserve's (Fed) decision to hold interest rates constant on Wednesday afternoon. The price consolidation comes after recovering sharply from an intraday low near $78.90.
WTI Oil surges 7% as Middle East war and supply risks fuel rally
West Texas Intermediate (WTI) Oil jumps nearly 7% on Wednesday as the war in the Middle East keeps geopolitical risks firmly priced into the market. At the time of writing, WTI trades around $84 per barrel, snapping a three-day losing streak.
United States EIA Crude Oil Stocks Change came in at -7.167M, below expectations (-2.5M) in July 24
United States EIA Crude Oil Stocks Change came in at -7.167M, below expectations (-2.5M) in July 24
Natural gas: Europe faces tighter winter balance – ING
ING’s Warren Patterson and Ewa Manthey report European natural gas prices have bounced higher as Middle East tensions disrupt Qatari LNG exports. They flag QatarEnergy’s extended force majeure, reduced EU LNG imports and below-average storage levels.
Oil: Middle East tensions revive inflation channel – BNY
BNY reports that renewed Iranian–U.S. hostilities lifted Brent above 3%, reviving the inflation channel but remaining secondary to Fed and AI valuation drivers.
WTI rebounds sharply on fears of renewed escalation in US-Iran war
West Texas Intermediate (WTI) futures on NYMEX trades 6% higher on the day, slightly above $83.00 during the European trading session on Wednesday.
Gold struggles near $4,000 ahead of Federal Reserve policy verdict
Gold (XAU/USD) consolidates above $4,000 on Wednesday as price action remains choppy amid growing caution ahead of the Federal Reserve’s (Fed) monetary policy announcement, while the war in the Middle East intensifies again after a brief lull.
Canadian Dollar gains as oil prices rebound
USD/CAD extends its losses for the second consecutive day, trading around 1.4090 during the European hours on Wednesday.
WTI trades near $81.00 after rebounding amid supply fears mount
West Texas Intermediate (WTI) oil price gains ground after three days of losses, trading around $81.00 per barrel during the European hours on Wednesday.
Oil: Persian Gulf risks support prices – ING
ING analysts Warren Patterson and Ewa Manthey note Brent rebounded over 4% after recent losses as renewed attacks on US troops and Saudi energy infrastructure undermine prospects for a US–Iran deal.
Oil: Volatile on Iran conflict swings – UOB
UOB strategists report that Oil prices initially fell sharply as the United States (US) military campaign against Iran remained paused, with WTI dropping to USD 79.26 and Brent to USD 84.10.
WTI Price Forecast: Likely revisit 50-day high above $92 on renewed US-Iran attacks
West Texas Intermediate (WTI), futures on NYMEX, trade 3.2% higher at around $81.00 during the early European trading session on Wednesday.
Indian Rupee rally hits pause as oil price recovers strongly, Fed policy awaited
The Indian Rupee (INR) trades marginally lower against the US Dollar (USD) on Wednesday after a three-day winning streak. The USD/INR pair rebounds to near 95.85, the intraday high, as oil prices have rebounded strongly due to revived geopolitical risks.