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Oil: Strait of Hormuz risks reshape macro mix â BNY
BNY's Geoff Yu notes that renewed U.S.-Iran tensions have lifted Brent and WTI, with markets reassessing energy supply risks and broader risk sentiment.
WTI surges above $74.00 as US-Iran strikes reignite Hormuz risks
West Texas Intermediate (WTI) oil price rises after two days of losses, trading around $74.20 during the Asian hours on Monday.
US military says it launched fresh strikes against Iran on Sunday
The US Central Command (CENTCOM) said that it launched additional strikes against Iran on Sunday aimed at further weakening the Islamic Republicâs ability to strike civilian vessels transiting the Strait of Hormuz, Bloomberg reported.Â
United States Baker Hughes US Oil Rig Count unchanged at 445
United States Baker Hughes US Oil Rig Count unchanged at 445
Crude Oil fades another war spike as the ceasefire dies its daily death
West Texas Intermediate (WTI) Crude Oil trades at $70.98 on Friday, down 1%, after a European-morning climb to $72.83 met a wall of New York selling that drove the barrel to a $70.70 session low inside two hours.
WTI rally takes a timeout amid signs of US-Iran war de-escalation
West Texas Intermediate (WTI) Oil futures on NYMEX trade slightly lower to near $71.50 during the European trading session on Friday. The Oil price extends its correction after posting a fresh over two-week high at $75.73 on Wednesday.
Oil: Brent retraces gains on fragile ceasefire â Rabobank
Rabobank strategist Molly Schwartz notes that Brent Oil traffic through the Strait of Hormuz remains constrained despite a nominal ceasefire between the US and Iran. War insurance costs have risen sharply and shipowners are being advised to pause Hormuz voyages.
Silver Price Forecast: XAG/USD rises as oil prices correct, US Dollar faces pressure
Silver price (XAG/USD) trades 0.4% higher to near $60.22 during the European trading session on Friday. The white metal gains as the US Dollar (USD) continues to remain under pressure amid hopes that the restart of the war between the United States (US) and Iran wonât long last.
Swiss Franc gives back some early gains against US Dollar, US CPI in focus
The Swiss Franc (CHF) pares some of its early gains against the US Dollar (USD) during the early European trading session on Friday. The USD/CHF pair is 0.26% lower at around 0.8048 even after a slight recovery move.
Indian Rupee gives back gains as US Dollar recovers
The Indian Rupee (INR) gives back its early gains against the US Dollar (USD) in India's afternoon trading hours on Friday.
WTI Price Forecast: Retakes $72.00; 23.6% Fibo./200-day EMA holds the key for bulls
West Texas Intermediate (WTI) â the benchmark US Crude Oil price â edges higher during the Asian session on Friday, stalling the previous day's retracement slide from the vicinity of a three-week high.
WTI consolidates below $72.00 as traders monitor geopolitical developments
West Texas Intermediate (WTI) â the benchmark US Crude Oil price â steadies during the Asian session on Friday, stalling the previous day's downfall amid mixed messaging from the US and Iran.
US official says it remains committed to resolution with Iran, technical discussions ongoing
A US official signaled that it is still committed to the memorandum of understanding with Iran, even though US President Donald Trumpâs declared earlier this week that the framework deal to end the Iran war was âoverâ after Tehran carried out strikes against vessels in the Strait of Hormuz and again