WTI stays near $68.00 amid renewed demand fears over Chinese macro data
WTI kicks off the new week on a weaker note in reaction to the dismal Chinese macro data.Dovish Fed-inspired USD selling bias lends support and helps limit losses for the
Crude Oil
Crude Oil rises to near $70 due to output disruptions in the US Gulf of Mexico
WTI price appreciated as Hurricane Francine caused output disruptions in the US Gulf of Mexico.Official data showed that nearly 42% of US Gulf of Mexico’s Oil production had been shut
Crude Oil snaps selling pressure after surprise build up in US inventory report
Crude Oil tests annual low after being unable to significantly bounce higher on Monday. Markets struggle to digest the OPEC report, which might be too optimistic about the demand for 2025.The US
US Stocks Slide After CPI Data, Trump-Harris Debate Sparks Uncertainty
US equities began the day with a decline on Wednesday, as investors anticipated the results of a contentious presidential debate between Donald Trump and Kamala Harris, as well as forthcoming
Oil Demand Outlook Darkens: OPEC Cuts Growth Forecast for 2024, 2025
On Tuesday, OPEC revised its global oil demand growth forecast for 2024, signalling the second consecutive month of downward adjustments. The revised forecast is based on the data collected this
WTI Oil Consolidates around $68.00 due to supply disruptions caused by Tropical Storm Francine
WTI price holds its position due to operations closure at Brownsville and other smaller Texas ports on Monday.National Hurricane Center’s data indicate that at least 125,000 barrels per day of
Crude Oil rises to near $68.00 per barrel due to a potential hurricane approaching US Gulf Coast
WTI price gains ground due to the potential approach of a hurricane toward the US Gulf Coast.An adverse weather is expected to become a hurricane before reaching the northwestern US
Crude Oil settles down by more than $1/bbl on demand fears and Supply expansion by OPEC
Benchmark prices have fallen sharply in past weekHit by soft US, China data; possible Libya output returnOPEC+ could delay planned output increase, sources say Crude futures sank more than $1 per