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WTI Oil hovers at two-week lows near $89.00 awaiting Middle East developments
Oil prices maintain their negative trend on Wednesday, with the price of the US benchmark West Texas Intermediate (WTI) barrel flatlining at the $89.00 area, its lowest level in nearly three weeks and 13% below last week’s highs.
Brent: Price slide extends on pipeline restart – Danske Bank
Danske Research Team notes Brent crude trading near USD 98/bbl after six straight sessions of declines, with Oil acting as the dominant intraday driver for broader markets.
Indian Rupee resumes decline as markets embrace hawkish Fed view
The Indian Rupee (INR) trades lower against the US Dollar (USD) on Wednesday after rising in the past few trading days.
WTI Price Forecast: Eyes further losses near $88.50, two-week low amid easing supply risk
West Texas Intermediate (WTI) – the benchmark US Crude Oil price – retains a negative bias for the fifth straight day on Wednesday, flirting with an over two-week low touched on Tuesday.
US Special Envoy Witkoff says mediators completed round of US-Iran talks
United States (US) Special Envoy to the Middle East, Steve Witkoff, said the US held "lengthy" indirect talks with the Iranian delegation via mediators on the sidelines of the United Nations General Assembly (UNGA), Reuters reported on Tuesday.
WTI slumps to near $89.00 as markets weigh Trump’s UN speech
West Texas Intermediate (WTI), the US crude oil benchmark, is trading around $89.00 during the early Asian trading hours on Wednesday. WTI falls after US President Donald Trump said the United States (US) held hours-long talks with Iran.
Explosion heard near Iran’s Qeshm Island
An explosion was heard near Qeshm Island in southern Iran's Hormozgan province, the official news agency IRNA reported on Tuesday.
United States API Weekly Crude Oil Stock above expectations (-0.5M) in September 18: Actual (1.786M)
United States API Weekly Crude Oil Stock above expectations (-0.5M) in September 18: Actual (1.786M)
WTI extends decline as Trump signals progress in talks with Iran
West Texas Intermediate (WTI) Oil extends its decline on Tuesday as traders assess fresh Middle East developments, keeping energy prices under pressure for a fifth straight day. At the time of writing, WTI trades around $89.50, near a two-week low.
Oil: Headlines drive vulnerability – TD Securities
TD Securities’ Ryan McKay and Bart Melek highlight that elevated speculative positioning leaves Crude Oil vulnerable to shifting headlines around Middle East supply routes.
Natural gas: Price downside limited – Commerzbank
Norman Liebke at Commerzbank argues that European gas prices may see only limited further declines despite a brief 8% drop on US–Iran diplomatic headlines.
Risk sentiment improved and Oil prices fell: Why the US Dollar is still holding firm
The US Dollar (USD) remains on a solid footing following a hawkish Federal Reserve (Fed) interest rate decision and persistent hawkish rhetoric from Fed officials.
Oil: Supply shock keeps prices elevated – NBC
National Bank of Canada's (NBC) Ethan Currie reassesses Oil pricing, highlighting persistent Middle East disruptions, depleted reserves and refined product shortages.