WTI drops to near $68.00 as OPEC cuts demand view
WTI price remains on the defensive near $68.00 in Wednesday’s early Asian session.OPEC’s latest downward revision for demand growth, a stronger USD and weak China demand drag the WTI price
Crude Oil
Crude Oil falls below $70.00 as China debt package disappoints market expectations
WTI prices depreciated as China’s latest stimulus measures fell short of investor expectations, further weakening demand outlooks for Oil.China announced a 10 trillion Yuan debt package that does not include
US Stocks Gain Ahead of Mega Tech Earnings, Payrolls Data
The U.S. stock index futures increased on Friday as investors prepared for a series of significant technology earnings and the highly influential monthly employment report in the upcoming week.The Dow
WTI trades around $71, recovers recent losses due to rising supply concerns
WTI gains ground due to heightening fears of supply disruptions amid rising uncertainties in the Middle East. Israel launched strikes on southern Beirut while US Secretary of State Antony Blinken
Tesla Earnings Spark Rally;S&P 500, Nasdaq, US Stocks Mixed
The S&P 500 and the Nasdaq Composite were bolstered by Tesla’s earnings, which were more robust than anticipated, as US equities predominantly increased on Thursday.At 09:35 ET (13:35 GMT), the
Crude Oil attempts to go beyond $70.00 despite IMF’s bearish outlook
Crude Oil struggles to uphold $70.00 for more than day, with more downside expected Traders expect longer sluggish demand as markets reprice Fed rate cut prospectsThe US Dollar Index broke above
Crude Oil appreciates near $69.00 due to rate cuts in PBoC, easing geopolitical tensions
WTI could receive support as PBoC rate cuts could stimulate China’s economic activity, potentially increasing Oil demand.US President Joe Biden stated that there is an opportunity to end the conflict
Market Movers: Netflix Earnings, China’s GDP, and Gold’s Record High
Friday’s tame US stock futures came from investors evaluating a barrage of corporate reports and new economic statistics from China. The streaming behemoth Netflix (NASDAQ:NFLX) exceeded earnings forecasts for the
WTI inches higher near $70.50 following drop in US Oil stocks
WTI gained ground due to an unexpected drop in US Oil inventories.US Crude Oil Stock declined by 2.192 million barrels in the previous week, against the expected 2.3-million-barrel increase.Israel’s military