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Pentagon orders readiness for potential Iran strikes as Trump weighs timing
The Pentagon told US Central Command (CENTCOM) several days ago to conclude preparations for resuming major combat operations in Iran, Axios reported on Wednesday.
WTI reverses earlier gains as recovering Middle East exports weigh
West Texas Intermediate (WTI) Oil trades lower on Wednesday, giving up earlier gains as a stronger US Dollar (USD) and recovering Middle East exports offset support from an unexpected decline in US crude inventories.
IEA members back faster release of 100 million barrels of Oil stocks
Governments belonging to the International Energy Agency (IEA) support accelerating the release of Oil stocks announced under the collective action agreed in March, according to a statement from the organization cited by Reuters on Wednesday.
United States EIA Heating Oil Stocks Change came in at 0.668M, above forecasts (0M) in October 2
United States EIA Heating Oil Stocks Change came in at 0.668M, above forecasts (0M) in October 2
United States EIA Distillate Stocks Change registered at -0.042M, below expectations (0M) in October 2
United States EIA Distillate Stocks Change registered at -0.042M, below expectations (0M) in October 2
United States EIA Crude Oil Stocks Change below forecasts (1.9M) in October 2: Actual (-3.186M)
United States EIA Crude Oil Stocks Change below forecasts (1.9M) in October 2: Actual (-3.186M)
WTI eases as Gulf export flows counter Middle East, US storm concerns
West Texas Intermediate (WTI) oil price declines after paring its daily gains, trading around $89.00 per barrel during European hours on Wednesday.
Oil: Supply risks offset stronger flows – ING
ING analysts Warren Patterson and Ewa Manthey note that Oil supplies from the Persian Gulf are improving, but ICE Brent remains supported above $100/bbl as ongoing attacks on ships keep regional supply risks elevated.
US Dollar Index Price Forecast: 101.80 remains key support zone ahead of FOMC minutes
The US Dollar (USD) trades higher against its major peers ahead of the release of Federal Open Market Committee (FOMC) minutes of the September policy meeting at 18:00 GMT.
WTI Price Forecast: Sticks to gains near $89.50; bulls seem hesitant below 200-SMA on H4
West Texas Intermediate (WTI) – the benchmark US Crude Oil price – attracts some follow-through buying for the second consecutive day on Wednesday, building on the previous day's rebound from an over one-month low.
Saudi-led coalition says Houthi ballistic missile intercepted over Khamis Mushait
The Saudi-led coalition in Yemen said that it intercepted and destroyed a ballistic missile launched by the Houthi group toward Khamis Mushait in southwestern Saudi Arabia, Xinhua News Agency reported on Wednesday.
WTI rises to near $89.50 amid Middle East concerns, US storm threats
West Texas Intermediate (WTI) oil price extends its gains for the second successive day, trading around $89.50 per barrel during the Asian hours on Wednesday. Crude oil climbed as persistent risks to Middle East energy flows overshadowed signs of rising supply from the region.
US VP Vance says Iran must reduce nuclear enrichment capacity to end war
US Vice President (VP) JD Vance said that Iran must reduce nuclear enrichment capacity to satisfy US demands and end the countries’ seven-month war, Reuters reported on Tuesday. Vance added that Washington remained open to an agreement but would require concrete Iranian nuclear concessions.