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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.
Houthis claim attacks on Saudi capital, thick smoke seen near Riyadh airport
Yemen’s Houthis said that they attacked “sensitive” sites in the Saudi capital Riyadh with missiles and drones, hours after flames and a large plume of smoke were seen near the city’s 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.
Qatar’s Prime Minister says Gulf states have to act together on Iran
Qatar’s 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.
Eurozone: Energy shock reshapes outlook – Rabobank
Rabobank strategists Bas van Geffen and Elwin de Groot highlight that sharply higher Oil and natural gas forecasts will lift headline Eurozone inflation by about 0.5 percentage points in 2026 and 2027.
United States Baker Hughes US Oil Rig Count above expectations (451): Actual (452)
United States Baker Hughes US Oil Rig Count above expectations (451): Actual (452)
US Dollar: Oil drives Dollar upside risks – ING
ING strategist Francesco Pesole notes that moderating Oil prices have slightly cooled the Dollar’s post-FOMC momentum, but still sees upside risks for the Dollar after the Federal Reserve’s hawkish message.
Gold outlook hinges on Oil prices and shifting Fed expectations
Gold (XAU/USD) loses momentum after nearing the $4,400 level on Friday as the Federal Reserve’s hawkish policy outlook keeps the US Dollar firmly supported, while a rebound in Oil prices and US Treasury yields adds pressure on the metal.
WTI Oil eases to levels near $95 on hopes of higher supply of Saudi Crude
The US benchmark West Texas Intermediate (WTI) Oil is heading for its first weekly decline in the last three weeks, as prices near the $95 level after hitting fresh four-month highs at 102.07 last Tuesday.
Oil: Prices fall as supply risks reassessed – MUFG
MUFG notes that Oil prices have declined as markets reassess supply risks tied to the US-Iran war and regional chokepoints.
Indian Rupee gets slight relief as rally in US yields and oil price hits pause
The Indian Rupee (INR) opens sharply higher against the US Dollar (USD) on Friday, with the USD/INR pair correcting to near 95.75 from an over seven-week high of 96.10 posted the previous day.
WTI Price Forecast: Consolidates below mid-$96.00s as Mideast jitters favor bulls
West Texas Intermediate (WTI) – the benchmark US Crude Oil price – struggles to capitalize on the overnight modest bounce from the $94.65 area, or the weekly low, and remains on the defensive during the Asian session on Friday.
WTI drops as Middle East supply fears ease
West Texas Intermediate (WTI) oil price remains subdued for the third successive day, trading around $96.40 per barrel during the Asian hours on Friday.