Commerzbank expects US crude output to drop as prices stay weak
Commerzbank commodity analyst Carsten Fritsch notes that while the oil market currently faces a significant surplus of roughly 2.8 million…
Tag: Crude Oil
Commerzbank: OPEC+ Production Falls Short of December Targets
Supply Shock: Drone Attacks Slice OPEC+ Output Global oil oversupply might not be as bad as the market feared, thanks…
Oil reaches multi-week highs due to Iran unrest and supply concerns
According to OCBC FX analysts Sim Moh Siong and Christopher Wong, oil prices have seen a sharp increase, with Brent…
WTI Slides Toward $58.50 as Iraqi Oilfields Resume Output
During Tuesday’s Asian session, WTI traded around $58.65, slipping as Iraq brought one of its key oilfields back online. Market…
WTI Oil Falls Below $58.00 Amid Ukraine-Russia Peace Talks
West Texas Intermediate (WTI), the US crude oil benchmark, is trading around $57.85 during Monday’s Asian session, edging lower as…
WTI Declines: EIA Inventory Draw Counteracts API Build, While Russian Sanctions Provide Floor
West Texas Intermediate (WTI) US Crude Oil is trading around $59.00 on Wednesday, down 2.80% on the day. The price…
USD/CAD Stabilizes Near Mid-1.4000s, Downside Potential Appears Limited
The USD/CAD pair is struggling to extend yesterday’s gains, which saw it reach a one-and-a-half-week high. During Tuesday’s Asian session,…
Declining Oil Prices Help USD/CAD Hold Steady Around 1.4050
The USD/CAD pair is gaining ground, trading around 1.4030 during Monday’s Asian hours, following slight losses in the previous session.…
Despite Oversupply Concerns, WTI Rebounds Due to Russian Depot Strike and US Sanctions
West Texas Intermediate (WTI) US Oil was trading around $59.50 on Friday, marking a 1.60% daily increase after touching a…
Despite Oversupply Concerns, WTI Rebounds Due to Russian Depot Strike and US Sanctions
West Texas Intermediate (WTI) US Oil was trading around $59.50 on Friday, marking a 1.60% daily increase after touching a…