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Iranâs Araghchi says new sanctions threatened by 'desperate' US will fail
Iran's Foreign Minister Abbas Araghchi dismissed the threat of a fresh round of US economic sanctions as a âdesperateâ ploy and said the expected new measures would fail to defeat Tehran, Reuters reported on Sunday.
Germany: Ifo sentiment seen weakening on Iran war â Commerzbank
Commerzbank economists Christoph Balz and Ralph Solveen expect the Ifo Business Climate Index to slip from 86.6 to 86.0 in August as renewed Iran war concerns and higher energy prices weigh on expectations.
United States Baker Hughes US Oil Rig Count registered at 452, below expectations (456)
United States Baker Hughes US Oil Rig Count registered at 452, below expectations (456)
Iranâs President Pezeshkian urges end to war as US pressure looms â Bloomberg
Iranian President Masoud Pezeshkian stated that âIt would be better to end the war today, when we have power and dignity, and with the whole world acknowledging our victory,â according to a Bloomberg report on Friday.
European gas: Storage gap supports high prices â Commerzbank
Norman Liebke at Commerzbank warns that low European gas storage, suspended LNG exports from Qatar and the end of the refilling phase are keeping European gas prices elevated.
Canadian Dollar heads for fourth weekly gain on weaker US Dollar, elevated Oil prices
USD/CAD extends its decline on Friday as broad US Dollar (USD) weakness and elevated Oil prices provide a double boost to the Canadian Dollar (CAD). At the time of writing, the pair trades around 1.3745, while the Loonie is on track for a fourth consecutive weekly gain.
Brent: Supply risks keep prices elevated â Commerzbank
Commerzbankâs Barbara Lambrecht says tensions around the Strait of Hormuz and tight diesel inventories continue to support Brent. With prices near USD 94 and almost 20% above their early-August lows, Brent remains well below its April peak.
WTI advances as supply tensions overshadow US inventory build
West Texas Intermediate (WTI) US Oil trades around $86.50 on Friday at the time of writing, up 0.63% on the day. US Oil remains close to Thursdayâs high of $87.38, its highest level in more than three weeks, as concerns about global energy supplies continue to support prices.
WTI Price Forecast: Oil supply tightness supports further upside above $90
West Texas Intermediate (WTI), futures on NYMEX, trade flat near $86.00 during the European trading session on Friday, closer to its over three-week high of $87.38 posted the previous day.
Dow Jones futures gain as traders weigh US debt buybacks against surging oil prices
Dow Jones futures gain 0.13% to trade above 52,900 during European hours on Friday. Meanwhile, S&P 500 futures remain up by 0.18%, to trade near 7,680, and Nasdaq 100 futures advance by 0.38% to trade above 29,400.
WTI steadies near $86.00 as Iran sanctions threat offsets US inventory build
West Texas Intermediate (WTI), the US crude oil benchmark, is trading around $86.00 during the early Asian trading hours on Tuesday. WTI steadies near one-month highs as traders continue to digest the Middle East developments.Â
Indian Rupee remains under pressure amid elevated Oil prices
The Indian Rupee (INR) ticks lower against the US Dollar (USD) on Friday. The USD/INR edges up to near 95.72 as elevated oil prices have outweighed a weak US Dollar.
Canadian Dollar gains ground amid rising oil prices
USD/CAD extends its losses for the third successive day, trading around 1.3770 during the Asian hours on Friday. The currency pair loses ground as the commodity-linked Canadian Dollar (CAD) receives support from rising crude oil prices.