Crude Oil Inventory
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
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
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
WTI advances to near $71.50 due to rising tensions in Middle East
WTI price appreciates due to possible supply disruptions amid mounting tensions in the Middle East.Hezbollah and Israel exchanged missile attacks, with the Lebanese militant group launching missiles deep into Israeli
Crude Oil Stays below $71.00, ongoing geopolitical tensions might cap its downside
WTI price drifts lower to near $70.80 in Friday’s Asian session. Ongoing Middle East geopolitical tensions, prospects of further Fed rate cuts this year could support the WTI price. The weaker oil
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 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