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: Oil Prices
USD/CAD slips towards 1.3700 amid Fed rate cut expectations and higher oil prices
USD/CAD is paring gains from the previous session, trading around 1.3710 during Asian hours on Friday. The pair is depreciating…
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…
USD/CAD Stays Below 1.4100 as Fed Rate Cut Expectations Grow
The USD/CAD pair extended its decline for a second straight session, trading around 1.4090 during Monday’s Asian trading hours. The…
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…
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…
WTI Maintains Gains Around $60 Amid Signs of US Funding Deal
West Texas Intermediate (WTI) crude extended its rally for a second day, trading near $60.00 a barrel in Asian markets…