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WTI Oil eases to levels near $95 on hopes of higher supply of Saudi Crude
The US benchmark West Texas Intermediate (WTI) Oil is heading for its first weekly decline in the last three weeks, as prices near the $95 level after hitting fresh four-month highs at 102.07 last Tuesday.
Oil: Prices fall as supply risks reassessed â MUFG
MUFG notes that Oil prices have declined as markets reassess supply risks tied to the US-Iran war and regional chokepoints.
Indian Rupee gets slight relief as rally in US yields and oil price hits pause
The Indian Rupee (INR) opens sharply higher against the US Dollar (USD) on Friday, with the USD/INR pair correcting to near 95.75 from an over seven-week high of 96.10 posted the previous day.
WTI Price Forecast: Consolidates below mid-$96.00s as Mideast jitters favor bulls
West Texas Intermediate (WTI) â the benchmark US Crude Oil price â struggles to capitalize on the overnight modest bounce from the $94.65 area, or the weekly low, and remains on the defensive during the Asian session on Friday.
WTI drops as Middle East supply fears ease
West Texas Intermediate (WTI) oil price remains subdued for the third successive day, trading around $96.40 per barrel during the Asian hours on Friday.
Iranâs IRGC claims attack on Togolese oil tanker for 'illegal transit' in Strait of HormuzÂ
Iran's Islamic Revolutionary Guard Corps (IRGC) said on Thursday that a Togo-flagged oil âtanker was struck âwhile attempting to make an âillegal passageâ through the Strait of âHormuz, Arab news reported.Â
Crude Oil sells off and takes it all back on Saudi cargoes through Oman
Crude Oil trades near $97.50, which is where it opened on Thursday, after a drop to $94.50 and a full recovery. Saudi Arabia is offering Asian refiners extra cargoes handed over outside the Strait of Hormuz, and the price treated that as more oil.
WTI Oil Price Forecast: Bulls lose momentum near $100
West Texas Intermediate (WTI) Oil extends its decline on Thursday, sliding nearly 2% as Saudi Arabiaâs rerouting efforts and hopes for a faster pipeline recovery weigh on prices, even as broader Middle East supply risks stay elevated.
Euro: Fair value falls on oil and Fed pressure against US Dollar - ING
Francesco Pesole at ING highlights that EUR/USD has broken lower after a more hawkishâthanâexpected Federal Reserve meeting, with the twoâyear swap differential at its widest since July.
Gold Price Forecast: XAU/USD gains as oil rally eases, upside seems limited amid hawkish Fed bets
Gold price (USD) is up 1.15% to near $4,320 during the European trading session on Thursday. The precious metal gains as rally in oil prices cool down after Saudi Arabia mulls alternatives to ship energy products.
WTI Oil holds near weekly lows as Saudi Oil exports find an alternative route
Crude prices are trading lower for the second consecutive day on Thursday, with the US benchmark West Texas Intermediate (WTI) Oil trading just below $97, down from the four-month highs above $102.00 hit earlier this week and drawing closer to the bottom of the weekly trading range around $96.00.Â
Dow Jones futures gain as oil slide offsets Fed rate hike jitters
Dow Jones futures rise by 0.82% to trade near 51,930 during European hours on Thursday. Meanwhile, S&P 500 futures gain by 0.82% to trade around 7,620, while Nasdaq 100 futures advance by 0.98% to trade near 29,250.
Silver Price Forecast: XAG/USD jumps to near $64.40 as rally in oil prices hit a pause
Silver price (XAG/USD) is up 1.8% to near $64.40 during the European trading session on Thursday. The white metal gains as oil priceâs rally hits a pause as Saudi Arabia confirms exploring alternatives for shipping energy.