Oil outlook: Israel & Iran conflict dominates Oil Prices
Since our previous report, oil prices have been increasing, a trend that was further exacerbated by Iran’s missile attack on Israel on Tuesday. In today’s report, we examine the current
Economy
WTI drifts higher above $70.50 on fears over Middle East supply disruptions
WTI gains traction to near $70.60 in Thursday’s early Asian session. Middle East geopolitical tensions lift WTI price.Large US crude inventories built last week might cap the upside for WTI. The US
Gold Price Forecast: Gold looks to more US data for a fresh directional impetus
Gold price remains capped below the key $2,670 resistance, despite the escalating Israel-Iran conflict. Â Â The US Dollar stands tall on reduced bets for an outsized Fed rate cut in November.
Japan Finance, Econ Ministers Ask BOJ to Help Complete Exit from Deflation — Update
TOKYO –The central bank has been requested by the newly appointed ministers responsible for Japan’s economic and fiscal policies to assist the recently sworn-in administration of Prime Minister Shigeru Ishiba
WTI jumps above $70.00 as Iran missile strike on Israel sparks fears in global oil markets
WTI price spikes to near $70.65 in Wednesday’s Asian session. Middle East geopolitical risks underpin the WTI.Crude Oil Inventory dropped, falling short of expectations.The US crude oil benchmark, West Texas Intermediate
XAU/USD Forecast: Gold buyers look to $2,670 amid Middle East risks, ahead of key US data
Gold price bounces back early Tuesday, helped by mounting Israel-Iran geopolitical risks. Â Â The Dollar stalls upswing, despite a cautious mood, awaiting top-tier US data and Fedspeak. Â Â Â Â Â Â Â Â Â Â The daily technical setup
WTI remains sluggish near $68.00 as OPEC+ plans to increase output in December
WTI Oil prices receive downward pressure as OPEC+ is likely to increase output by 180,000 barrels per day in December.The US has purchased 6 million barrels of oil for the
XAU/USD Forecast: Gold down but not out as Powell speech looms
Gold price keeps its range near record highs early Thursday, awaiting Fed Chair Powell.The US Dollar stalls the previous turnaround with Treasury bond yields, as risk rebounds.Extremely overbought conditions on
WTI holds position near $69.00 due to rising supply fears AND conflict over Middle-East
WTI price may appreciate amid rising supply fears following recent Israel’s attacks on Iranian-backed militant groups.The escalation of attacks in the Middle East is increasing the likelihood of Iran involving directly in the