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WTI Price Forecast: Bears await acceptance below $88.00, 50% Fibo. support breakdown
West Texas Intermediate (WTI) – the benchmark US Crude Oil price – comes under some renewed selling pressure during the Asian session on Thursday, reversing the previous day's modest recovery gains.
WTI falls to near $89.00 as Middle East oil shipments recover
West Texas Intermediate (WTI) oil price loses ground after posting modest gains in the previous day, trading around $89.10 per barrel during Asian hours on Thursday.
US Secretary Rubio orders Iranian delegation to leave the country
The US official stated on Monday that US Secretary of State Marco Rubio told the Iranian delegation to the United Nations General Assembly immediately leave the United States (US) after talks stalled, Axios reported.
WTI set for monthly gain amid US-Iran stalemate
West Texas Intermediate (WTI) Oil rebounds on Wednesday and remains on track for a monthly gain of around 5.5%. The lack of progress in US-Iran negotiations to reopen the Strait of Hormuz keeps geopolitical risks elevated, even as Middle East supply conditions improve.
United States EIA Distillate Stocks Change dipped from previous -0.428M to -2.251M in September 25
United States EIA Distillate Stocks Change dipped from previous -0.428M to -2.251M in September 25
United States EIA Heating Oil Stocks Change dipped from previous 0.346M to -0.62M in September 25
United States EIA Heating Oil Stocks Change dipped from previous 0.346M to -0.62M in September 25
United States EIA Crude Oil Stocks Change above expectations (-0.3M) in September 25: Actual (0.922M)
United States EIA Crude Oil Stocks Change above expectations (-0.3M) in September 25: Actual (0.922M)
Brent Oil: Prices reverse on supply headlines – Deutsche Bank
Deutsche Bank’s Jim Reid and team highlight a sharp intraday reversal in Brent Oil, with front-month prices dropping even as longer-dated contracts grind higher.
WTI Price Forecast: Sticks to recovery gains below $89.00; lacks bullish conviction
West Texas Intermediate (WTI) – the benchmark US Crude Oil price – edges higher on Wednesday, reversing a part of the previous day's heavy losses to an over three-week low, though it lacks follow-through.
Brent: Geopolitics and cracks drive Q3 surge – Rabobank
Rabobank highlights a sharp Q3 rally in Brent Oil, rising from $73 to $104, with the 3-2-1 crack spread jumping from $17 to $62. The effective move from $90 to $166 underscores tightening energy markets.
USD/CAD Price Forecast: Declines below 1.4200, while staying technically bullish above 100-day SMA
The USD/CAD pair trades with mild losses near 1.4190 during the early European trading hours on Wednesday. A rebound in crude oil prices provides some support to the commodity-linked Canadian Dollar (CAD) against the US Dollar (USD).
WTI drifts higher above $88.00 as Trump denies Iran sanctions relief
West Texas Intermediate (WTI), the US crude oil benchmark, is trading around $88.30 during the early European trading hours on Wednesday. WTI edges higher after US President Donald Trump denied he would be willing to ease sanctions on Iran.
Indian Rupee recovers as traders trim hawkish Fed bets, oil prices fall
The Indian Rupee (INR) gains against the US Dollar (USD) after a flat opening on Wednesday.