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WTI Price Forecast: Drops to over one-week low, below $94.00 but bullish bias stays intact
West Texas Intermediate (WTI) – the benchmark US Crude Oil price – turns lower for the fourth straight day following a modest gap-up open to the $96.55-$96.60 region and drops to an over one-week low during the Asian session on Monday.
Iran’s IRGC warns any new strike will prompt Tehran to alter war geography and armaments
Iran’s Islamic Revolutionary Guard Corps (IRGC) warned that any new military attack could trigger a response fought across a different geographical area and with different weapons, Reuters reported on Monday.
Indian Rupeee gains due to further correction in oil prices
The Indian Rupee (INR) starts the week on a positive note against the US Dollar (USD). The USD/INR pair drops to near 95.75 as the Indian currency gains due to continuous support from correcting oil prices.
US President Donald Trump says was ready to strike Houthis in Yemen, then pulled back
US President Donald Trump reversed himself twice on whether the United States (US) should strike the Houthis in Yemen, according to the New York Times.
Silver Price Forecast: XAG/USD consolidates near $66.35 at the start of the week
Silver price (XAG/USD) trades in a tight range at the start of the week near $66.35 during the Asian trading session. The white metal consolidates while investors remain focused on developments in Middle East regarding the oil supply and the United States (US) interest rate outlook.
Ukraine attacks on Moscow oil refinery in massive drone and missile attack
Ukraine carried out a large-scale overnight drone and missile attack targeting Moscow and the surrounding region on Sunday, BBC reported.
Houthis claim attacks on Saudi capital, thick smoke seen near Riyadh airport
Yemen’s Houthis said that they attacked “sensitive” sites in the Saudi capital Riyadh with missiles and drones, hours after flames and a large plume of smoke were seen near the city’s main airport, the Guardian reported on Saturday.
WTI falls to near $93.50 as Middle East diplomacy hopes ease supply fears
West Texas Intermediate (WTI) oil price continues its losing streak for the fourth successive day, trading around $93.60 per barrel during the Asian hours on Monday.
Qatar’s Prime Minister says Gulf states have to act together on Iran
Qatar’s prime minister, Sheikh Mohammed bin Abdulrahman Al-Thani, said Gulf states must work together to restore stability in the Middle East and help find a settlement between the United States (US) and Iran, Bloomberg reported on Sunday.
Eurozone: Energy shock reshapes outlook – Rabobank
Rabobank strategists Bas van Geffen and Elwin de Groot highlight that sharply higher Oil and natural gas forecasts will lift headline Eurozone inflation by about 0.5 percentage points in 2026 and 2027.
United States Baker Hughes US Oil Rig Count above expectations (451): Actual (452)
United States Baker Hughes US Oil Rig Count above expectations (451): Actual (452)
US Dollar: Oil drives Dollar upside risks – ING
ING strategist Francesco Pesole notes that moderating Oil prices have slightly cooled the Dollar’s post-FOMC momentum, but still sees upside risks for the Dollar after the Federal Reserve’s hawkish message.
Gold outlook hinges on Oil prices and shifting Fed expectations
Gold (XAU/USD) loses momentum after nearing the $4,400 level on Friday as the Federal Reserve’s hawkish policy outlook keeps the US Dollar firmly supported, while a rebound in Oil prices and US Treasury yields adds pressure on the metal.