United States Baker Hughes US Oil Rig Count climbed from previous 410 to 415
United States Baker Hughes US Oil Rig Count climbed from previous 410 to 415
United States CFTC Oil NC Net Positions fell from previous 178.8K to 169.9K
United States CFTC Oil NC Net Positions fell from previous 178.8K to 169.9K
Canadian Dollar falls despite increased Oil prices
The USD/CAD pair elevated near the 1.3760 level on Friday and remains supported by persistent inflation concerns and rising US Treasury yields following this week’s hotter-than-expected US inflation data.
WTI Oil extends rally as Trump signals Chinese buying, Hormuz supply risks persist
West Texas Intermediate (WTI) US Oil extends its rally on Friday, with the US benchmark trading around $100.90 at the time of writing, up 3.13% on the day and breaking above the $100 level to reach a fresh weekly high.
British Pound tumbles as UK turmoil, Iran risks lift USD
The GBP/USD pair extends on Friday its losses for the fourth straight day, poised to finish the week down more than 2% as political turmoil in the UK and increased speculation that Prime Minister Keir Starmer’s successor could widen fiscal deficits weigh on the currency.
Oil: Supply-chain stress scenarios – Rabobank
Rabobank strategists outline how a disruption in the Strait of Hormuz could affect Oil and refined products.
EUR/USD Price forecast: Hits lows at 1.1620 on risk aversion, high Oil prices
The Euro (EUR) extends its decline against the Dollar (USD) on Friday, falling below 1.1650 for the first time since early April, on track for a 1.2% weekly depreciation.
NZD/USD Price Forecast: Dips below 0.5850 amid high Oil prices, risk-off markets
The New Zealand Dollar (NZD) accelerates its reversal against a stronger US Dollar (USD) on Friday.
Breaking: Indian Rupee hits all-time low around 96.00 against US Dollar
The Indian Rupee (INR) slides to a fresh all-time low against the US Dollar (USD) on Friday.
WTI Price Forecast: Breaks above $100 as Trump says China will buy US Oil
Crude Oil prices maintain their bullish trend on Friday, with the US Benchmark West Texas Intermediate (WTI) barrel pushing to fresh weekly highs above $100.00, after US President Donald Trump affirmed that China agreed to buy US Crude, but no specific plan to reopen the critical Strait of Hormuz ha
Euro rallies above 0.8700 against the British Pound as UK political turmoil worsens
The Euro (EUR) rallies for the second consecutive day against an ailing British Pound (GBP) on Friday, crushed by growing political uncertainty in the UK.
Brent: Supply risk keeps prices elevated – Deutsche Bank
Deutsche Bank’s macro strategy team notes that Brent Oil remains supported by geopolitical tensions and supply concerns. Comments from President Trump about the Strait of Hormuz have reinforced fears of a prolonged disruption, driving prices higher overnight.