Market News
Stay on top of the major news, data and analysis moving forex and global financial markets.
WTI slides below $84.00 on firmer USD but US-Iran tensions limit deeper losses
West Texas Intermediate (WTI) ā the benchmark US Crude Oil price ā attracts fresh sellers following an intraday uptick to the $85.35 region and turns lower for the second straight day. The commodity slides below $84.00 during the early European session, though the downside potential seems limited.
Indian Rupee jumps to weekly high amid lower Oil prices, declining US Yields
The Indian Rupee (INR) opened almost flat against the US Dollar (USD) on Tuesday, but there is a significant appreciation in India's afternoon trading hours.
WTI holds ground above $84.50 as escalating concerns over US sanctions on Iran
West Texas Intermediate (WTI) oil price appreciates after registering over 2% losses in the previous day, trading around $84.70 per barrel during the Asian hours on Tuesday.
Iranās Economy Minister Madanizadeh: Enemies should wait for an attack
Iranian Economy Minister Ali Madanizadeh said on Tuesday, "We are fully prepared for the US sanctions."
WTI Price Forecast: 100-day SMA caps upside near $85
West Texas Intermediate (WTI) Oil trades on the back foot on Monday after gaining more than 5% last week. The pullback comes even as the broader backdrop remains largely unchanged, with Middle East tensions elevated and shipping through the Strait of Hormuz still heavily restricted.
WTI Oil retreats toward $85 ahead of US economic offensive against Iran
West Texas Intermediate (WTI) US Oil falls 1.55% on Monday and trades around $85.00 at the time of writing, giving back some of its recent gains as investors take profits ahead of the announcement of new US sanctions against Iran.
Oil: Sanctions risk keeps market tense ā Danske Bank
Danske Research Team highlights renewed geopolitical tension around Iran as Washington prepares tougher sanctions that could hit Oil flows from the Gulf.
WTI Oil flirts with the $85.00 level as markets await economic D-Day sanctions on Iran
Crude prices are trimming some of last weekās gains on Monday. The US benchmark West Texas Intermediate Oil is changing hands at $85.35, with investors awaiting details of a new package of US sanctions against Iran that might extend to Russia or China.
WTI slips below $85.00 as traders take profits before new US sanctions on Iran
West Texas Intermediate (WTI) oil price depreciates after two days of gains, trading around $84.80 per barrel during the Asian hours on Monday. Crude oil prices decline as investors took profits ahead of an expected US announcement regarding stricter sanctions against Iran.
Iranās Araghchi says new sanctions threatened by 'desperate' US will fail
Iran's Foreign Minister Abbas Araghchi dismissed the threat of a fresh round of US economic sanctions as a ādesperateā ploy and said the expected new measures would fail to defeat Tehran, Reuters reported on Sunday.
Germany: Ifo sentiment seen weakening on Iran war ā Commerzbank
Commerzbank economists Christoph Balz and Ralph Solveen expect the Ifo Business Climate Index to slip from 86.6 to 86.0 in August as renewed Iran war concerns and higher energy prices weigh on expectations.
United States Baker Hughes US Oil Rig Count registered at 452, below expectations (456)
United States Baker Hughes US Oil Rig Count registered at 452, below expectations (456)
Iranās President Pezeshkian urges end to war as US pressure looms ā Bloomberg
Iranian President Masoud Pezeshkian stated that āIt would be better to end the war today, when we have power and dignity, and with the whole world acknowledging our victory,ā according to a Bloomberg report on Friday.