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United States Dollar Index holds gains slightly above 101 amid strong US growth prospects
The US Dollar (USD) holds onto Wednesdayâs strong gains in the Asian trade on Thursday. As of writing, the US Dollar Index (DXY), which gauges the Greenbackâs value against six major currencies, trades firmly near a fresh eight week high of 101.23 posted the previous day.
WTI slips below $91.00 despite rising US-Iran friction
West Texas Intermediate (WTI) oil price depreciates after registering modest gains in the previous day, trading around $90.80 per barrel during Asian hours on Thursday. Crude oil prices may rebound as ongoing uncertainty surrounds the progress of the United States (US)-Iran diplomatic talks.
Ukraine's President Zelenskyy says ready for energy ceasefire with Russia
Ukrainian President Volodymyr Zelenskyy said Kyiv remains ready for a bilateral âenergy ceasefireâ with Russia after holding separate talks with the leaders of the United States (US) and the United Kingdom (UK) in New York City, CNBC reported on Wednesday.
Iran President sends defiant message to US over potential talks
Iran President Masoud Pezeshkian said that the country wonât allow freedom of navigation through the Strait of Hormuz while sanctions and a US blockade remain in place, Bloomberg reported on Wednesday.
WTI snaps five-day losing streak as US-Iran talks fall short of breakthrough
West Texas Intermediate (WTI) Oil rebounds on Wednesday after five straight days of losses as traders assess the latest Middle East developments and US inventory data.
Iran reviews US response to proposal aimed at ending hostilities â Reuters
Iran is reviewing the United Statesâ (US) response to its proposal aimed at ending hostilities, a senior Iranian official told Reuters on Wednesday, signaling that diplomatic efforts between Tehran and Washington remain underway.
WTI: Headline risk rises as positioning stays elevated - TD Securities
TD Securitiesâ Ryan McKay and Bart Melek note West Texas Intermediate (WTI) Crude prices are holding relatively strong despite intense headline risk and elevated speculative positions, with CTAs (Commodity Trading Advisors) adding back length rather than cutting exposure.
United States EIA Crude Oil Stocks Change above forecasts (-0.7M) in September 18: Actual (2.969M)
United States EIA Crude Oil Stocks Change above forecasts (-0.7M) in September 18: Actual (2.969M)
United States EIA Heating Oil Stocks Change came in at 0.346M, above expectations (0M) in September 18
United States EIA Heating Oil Stocks Change came in at 0.346M, above expectations (0M) in September 18
United States EIA Distillate Stocks Change registered at -0.428M, below expectations (0M) in September 18
United States EIA Distillate Stocks Change registered at -0.428M, below expectations (0M) in September 18
India: Russian dependence and security focus â Standard Chartered
Standard Chartered economists Anubhuti Sahay and Saurav Anand highlight Indiaâs rapidly rising reliance on Russian Oil, now at 44% of crude imports since the Middle East crisis, up from 2% in 2021.
Oil: Prices retreat on Saudi exports and US data â ING
ING strategists Ewa Manthey and Warren Patterson note that Brent and WTI have sold off sharply as expectations of higher Saudi crude exports, progress in US-Iran talks and a surprise US inventory build ease Middle East supply concerns.
Oil: Geopolitics drive volatile price path â Rabobank
Rabobank strategist Michael Every notes Oil prices are currently lower on hopes for de-escalation in multiple conflicts, including developments around Saudi infrastructure, Iran talks and Ukraine.