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WTI Oil dips below $94.00 amid reports of higher Saudi crude suppliesÂ
Crude prices extend their decline for the fourth consecutive day on Monday, pushing the US benchmark West Texas Intermediate (WTI) Oil to levels just below $94.00 during the European session.
Dow Jones futures rise as lower crude oil prices improve market sentiment
Dow Jones futures gain by 0.60% to trade near 52,390 during European hours on Monday. Meanwhile, S&P 500 futures advance by 0.57% to trade around 7,760, while Nasdaq 100 futures rise by 0.86% to trade near 30,170.
Oil: Supply risks linger despite recovering Saudi flows - OCBC
OCBCâs Christopher Wong observes that weekend attacks targeting Saudi Arabia have revived supply and geopolitical concerns in Oil markets.
Euro remains capped below 1.1500 amid growing political uncertainty in Germany
The Euro (EUR) consolidates losses against the US Dollar (USD) on Monday, as market concerns about the sharp defeat of German Chancellor Friedrich Merzâs ruling party in state elections in northeastern Germany have offset the positive impact of lower Oil prices.
WTI Price Forecast: Drops to over one-week low, below $94.00 but bullish bias stays intact
West Texas Intermediate (WTI) â the benchmark US Crude Oil price â turns lower for the fourth straight day following a modest gap-up open to the $96.55-$96.60 region and drops to an over one-week low during the Asian session on Monday.
Iranâs IRGC warns any new strike will prompt Tehran to alter war geography and armaments
Iranâs Islamic Revolutionary Guard Corps (IRGC) warned that any new military attack could trigger a response fought across a different geographical area and with different weapons, Reuters reported on Monday.
Indian Rupeee gains due to further correction in oil prices
The Indian Rupee (INR) starts the week on a positive note against the US Dollar (USD). The USD/INR pair drops to near 95.75 as the Indian currency gains due to continuous support from correcting oil prices.
US President Donald Trump says was ready to strike Houthis in Yemen, then pulled back
US President Donald Trump reversed himself twice on whether the United States (US) should strike the Houthis in Yemen, according to the New York Times.
Silver Price Forecast: XAG/USD consolidates near $66.35 at the start of the week
Silver price (XAG/USD) trades in a tight range at the start of the week near $66.35 during the Asian trading session. The white metal consolidates while investors remain focused on developments in Middle East regarding the oil supply and the United States (US) interest rate outlook.
Ukraine attacks on Moscow oil refinery in massive drone and missile attack
Ukraine carried out a large-scale overnight drone and missile attack targeting Moscow and the surrounding region on Sunday, BBC reported.Â
Houthis claim attacks on Saudi capital, thick smoke seen near Riyadh airportÂ
Yemenâs Houthis said that they attacked âsensitiveâ sites in the Saudi capital Riyadh with missiles and drones, hours after flames and a large plume of smoke were seen near the cityâs main airport, the Guardian reported on Saturday.
WTI falls to near $93.50 as Middle East diplomacy hopes ease supply fears
West Texas Intermediate (WTI) oil price continues its losing streak for the fourth successive day, trading around $93.60 per barrel during the Asian hours on Monday.
Qatarâs Prime Minister says Gulf states have to act together on Iran
Qatarâs prime minister, Sheikh Mohammed bin Abdulrahman Al-Thani, said Gulf states must work together to restore stability in the Middle East and help find a settlement between the United States (US) and Iran, Bloomberg reported on Sunday.