Market News
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Canadian Dollar strengthens despite hawkish Fed rhetoric
The USD/CAD pair edges lower to around 1.3890 during the Asian trading hours on Monday. Renewed tensions between the US and Iran boost crude oil prices, supporting the commodity-linked Canadian Dollar (CAD) against the US Dollar (USD).
WTI remains above $83.50 as Iran fires missiles following US strikes
West Texas Intermediate (WTI) declines after opening at a bullish gap, remaining in positive territory and trading around $83.60 per barrel during the Asian hours on Monday.
US military strikes Iranian rocket launchers in first attack in week
US Central Command (CENTCOM) struck Iranian rocket launchers that were preparing to send mines into the Strait of Hormuz, following weeks of relative calm, Bloomberg reported on Sunday.
United States Baker Hughes US Oil Rig Count dipped from previous 452Â to 447
United States Baker Hughes US Oil Rig Count dipped from previous 452Â to 447
Natural Gas: Hormuz risks and Qatari LNG disruption – BNY
Geoff Yu at BNY highlights that Middle East tensions and constrained traffic through the Strait of Hormuz are keeping key energy supply routes at risk.
European Central Bank: September hike seen with energy risks – Nomura
Nomura’s Euro area team expects the European Central Bank to raise rates by 25 basis points to 2.50% at the 10 September meeting, citing higher HICP inflation and resilient growth.
Oil: Hormuz stalemate sustains inflation risks - Rabobank
Rabobank Senior Macro Strategist Bas van Geffen says the US-Iran stalemate and disruption in the Strait of Hormuz are keeping oil-driven inflation risks elevated.
WTI Price Forecast: Falls to near $82.00 after breaking below nine-day EMA
West Texas Intermediate (WTI) oil price declines after two days of gains, trading around $82.20 during the European hours on Friday. The technical analysis of the daily chart indicates that the spot is remaining within the ascending channel, suggesting that the primary trend is upward.
Brent: Prices firm as OPEC risks grow – ING
ING’s Warren Patterson and Ewa Manthey note Brent Oil prices have recovered, with ICE Brent up 2.1% as prospects for renewed US-Iran talks fade and flows through the Strait of Hormuz gradually increase.
WTI remains above $82.50 amid rising UK-Russia tensions
West Texas Intermediate (WTI) oil price declines after two days of gains, trading around $82.70 per barrel during the Asian hours on Friday. Crude oil prices may regain their footing as intensifying conflicts in Eastern Europe pull market attention away from the Middle East.
Iran says preparing list of conditions to open Strait of Hormuz
Iran’s Security Chief Mohsen Rezaei said on Friday that Tehran is preparing a list of its conditions to open the Strait of Hormuz in response to a request by mediators, adding that conditions include ending the war in the region, Reuters reported, citing an interview on Lebanese Hezbollah-affiliated
Crude Oil takes back the reopening it bought on Tuesday
Crude Oil trades near $83.50 on Thursday, ahead 2.52% and more than $3.00 above a session low just above $80.00 printed at 07:00 GMT.
Oil: Hormuz traffic and policy risks – MUFG
MUFG's Derek Halpenny examines how uncertainty over Strait of Hormuz oil flows and tight US fuel inventories are shaping crude prices.