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 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 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
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
WTI’s ability to establish any significant momentum on mixed fundamental indications have hinderedThe commodity is supported by the potential for further escalation of conflicts in the Middle East. Oil prices
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
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 holds positive ground near $70.35 in Tuesday’s Asian session. The impact of Hurricane Francine on oil output and firmer Fed rate cut bets support the WTI price. China demand worries might
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