WTI may appreciate further due to rising expectations of supply threats amid US sanctions on major producers Russia and IranThe US is considering further sanctions on “dark fleet” tankers and
WTI price receives support from growing supply concerns due to rising geopolitical tensions.Kremlin warned to retaliate if Ukraine use Army Tactical Missile Systems (ATACMS).Norway’s Equinor announced a production halt at
WTI price loses ground to around $70.70 in Thursday’s early Asian session. Easing fears of an oil supply disruption in the Middle East, sluggish global oil demand outlook weigh on the
WTI price extends upside near $76.85 in Tuesday’s early Asian sessionFears of wider Middle East conflict boost the WTI priceInvestors await additional stimulus measures from Chinese officialsOn Thursday, 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
The latest US jobs report and a speech by Fed Chair Jerome Powell may provide investors with some indications regarding the magnitude of the next Federal Reserve rate cut this
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