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Euro weakens against Canadian Dollar amid higher oil prices
EUR/CAD halts its three-day winning streak, trading around 1.6110 during the European hours on Thursday. The currency cross faces downward pressure as the commodity-linked Canadian Dollar (CAD) gains support from rising crude oil prices.
WTI refreshes three-week high near $86 amid US-Iran deadlock
West Texas Intermediate (WTI), futures on NYMEX, trades 2% higher at around $86.00 during the European trading session on Thursday, the highest level seen in over three weeks.
Oil: Rally extends on sanctions risk – ING
ING strategists Ewa Manthey and Warren Patterson note Oil has extended its rally for a fifth straight session, with ICE Brent above $92 and WTI over $86 as markets react to tighter US sanctions on Iran.
WTI Price Forecast: Bulls seem hesitant below $85.00 and 61.8% Fibo. hurdle
West Texas Intermediate (WTI) – the benchmark US Crude Oil price – extends its consolidative price move for the third straight day and trades around the $84.30 area through the Asian session on Thursday.
Canadian Dollar gains on higher oil prices, weaker US Dollar
USD/CAD extends its losses for the second successive day, trading around 1.3800 during the Asian hours on Thursday. The pair declines as the commodity-linked Canadian Dollar (CAD) receives support from improved oil prices.
WTI surges above $84.50 as Strait of Hormuz standoff escalate
West Texas Intermediate (WTI) oil price appreciates after registering modest losses in the previous day, trading around $85.50 per barrel during the Asian hours on Thursday.
United Kingdom: Energy-driven upside risks – Societe Generale
Societe Generale’s Sam Cartwright notes United Kingdom (UK) headline inflation rose to 2.9% year-on-year in July, driven mainly by higher household energy bills.
United States EIA Heating Oil Stocks Change declined to -0.537M in August 14 from previous 0.192M
United States EIA Heating Oil Stocks Change declined to -0.537M in August 14 from previous 0.192M
United States EIA Distillate Stocks Change dipped from previous -0.01MÂ to -1.53M in August 14
United States EIA Distillate Stocks Change dipped from previous -0.01MÂ to -1.53M in August 14
United States EIA Crude Oil Stocks Change above forecasts (-0.6M) in August 14: Actual (4.405M)
United States EIA Crude Oil Stocks Change above forecasts (-0.6M) in August 14: Actual (4.405M)
WTI Price Forecast: Needs decisive break above $85 for fresh advance
West Texas Intermediate (WTI), futures on NYMEX, trade 0.55% higher at around $84.80 during the European trading session on Wednesday.
WTI holds ground around $84.50 as supply risks increase due to US-Iran peace uncertainty
West Texas Intermediate (WTI) oil price moves sideways after three days of gains, trading around $84.50 per barrel during the European hours on Wednesday.
Oil: Inventory draws and risk premiums support prices – ING
ING strategists Ewa Manthey and Warren Patterson note that Oil prices have risen for a fourth straight session, supported by US-Iran tensions and concerns over shipping through the Strait of Hormuz.