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United States API Weekly Crude Oil Stock fell from previous 1.019M to -2.1M in October 2
United States API Weekly Crude Oil Stock fell from previous 1.019M to -2.1M in October 2
WTI rebounds as Hormuz risks temper relief from rising Gulf exports
West Texas Intermediate (WTI) rebounds on Tuesday as shipping risks in the Strait of Hormuz keep Oil prices supported despite improving Middle East exports, with US-Iran talks still deadlocked.
Canadian Dollar falls to near 18-month lows as oil prices decline
USD/CAD extends its gains for the third consecutive day, trading around 1.4270 during European hours on Tuesday. The pair remains close to freshly reached 18-month highs as the commodity-linked Canadian Dollar (CAD) struggles amid lower oil prices.
Brent: Prices hold near $100 as Gulf risks persist – ING
ING analysts Warren Patterson and Ewa Manthey note that ICE Brent is still finding support around the $100/bbl level as geopolitical risks in the Persian Gulf outweigh an improving supply backdrop. They highlight recent attacks on Saudi infrastructure, adjustments in Kuwait and Saudi output and pricing, and lingering vulnerability in European natural gas storage ahead of winter.
Canadian Dollar softens as oil prices fall
The USD/CAD pair gathers strength to near 1.4275 during the early European trading hours on Tuesday. Falling crude oil prices drag the commodity-linked Canadian Dollar (CAD) lower against the US Dollar (USD). Canada’s Ivey Purchasing Managers Index (PMI) data is due later on Tuesday.
WTI Price Forecast: Bulls seem hesitant near $89.00 amid easing supply risks
West Texas Intermediate (WTI) – the benchmark US Crude Oil price – edges higher during the Asian session on Tuesday, reclaiming the $89.00 mark and snapping a two-day winning streak. The black liquid, however, remains close to a four-week low, touched last Friday, amid mixed fundamental cues.
WTI falls to near $88.50 on G7 reserve release
West Texas Intermediate (WTI), the US crude oil benchmark, is trading around $88.60 during the early Asian trading hours on Tuesday. WTI faces some selling pressure as rising Middle East crude exports and a release of oil stocks by the Group of Seven nations boost supplies.
US President Donald Trump signs order to ease limits on diesel variety to curb costs
US President Donald Trump signed an executive order to ease restrictions on the use of a tax-exempt variety of diesel, Bloomberg reported on Monday.
Yemen's Houthis claim missile, drone strikes on multiple targets in Saudi Arabia
Yemen's Houthi group said on Monday that it carried out three military operations using ballistic and cruise missiles and drones against airports, an oil facility, and military sites across Saudi Arabia, Xinhua News Agency reported.
Oil: Crude forecasts signal inflation surprises ahead - Societe Generale
Societe Generale’s analysts use their Brent, West Texas Intermediate (WTI) and Diesel price forecasts to derive forward-looking inflation surprises for the US and Eurozone.
WTI Price Forecast: Hangs near four-week low, around $89.00 as bears seem noncommittal
West Texas Intermediate (WTI) – the benchmark US Crude Oil price – attracts sellers for the second straight day on Monday and sticks to its intraday losses around the $89.00 mark through the early European session.
Oil: Diverging supply signals shape Brent – ING
ING’s Warren Patterson notes that ICE Brent has repeatedly dipped below $100/bbl but continues to settle above this level as the market weighs conflicting supply and geopolitical factors. Higher oil flows through the Strait of Hormuz, G7 reserve releases, and recovering Saudi pipeline capacity contrast with persistent Middle East tensions and unchanged OPEC+ production plans.
WTI drops to near $89.00 as G7 taps emergency reserves
West Texas Intermediate (WTI) oil price extends its losses for the second successive day, trading around $89.30 during Asian hours on Monday.