Tag Archives: geopolitical tensions

Gold price surged due to geopolitical risks in the Middle East. Market expectations of Fed rate cuts in 2024 have boosted Gold’s appeal against a weakening Dollar. The ongoing geopolitical tensions increased risk aversion, with the US and UK retaliating against Iran-backed groups. The US Fed’s increasing odds of cutting …

WTI is in the red territory after losing -0.39% on Monday, hovering around $72.50. The fundamentals for crude oil are still weakening, and output is still going strong worldwide. The supply routes between Europe and Asia are still being impeded by the Houthi rebels. Earlier on Monday, US crude oil …

Oil prices declined on Wednesday due to a surprise increase in US crude stockpiles, raising concerns about demand in the largest oil market. The EIA report highlighted investor concerns of slowing demand growth, with US crude inventories rising by 1.3 million barrels in the week ended January 5 to 432.4 …

The spillover from the Middle East crisis has disrupted crude oil markets, causing cargo ships to be diverted from the Red Sea for the foreseeable future. On Friday, there was a small increase in West Texas Intermediate (WTI) US Crude Oil, which hit 74.27, but a decline in American crude, …

A poll conducted by Reuters, on Friday, indicated that international oil prices are expected to remain around $80 per barrel in 2024, with analysts predicting that weak global growth would limit demand and geopolitical concerns might trigger price support.Analysts questioned if supply reductions by the Organization of the Petroleum Exporting …

Gold prices have increased following the release of the US CPI data, triggering cautious optimism ahead of Wednesday’s Fed’s Monetary policy decision. Gold prices found some support on Tuesday after a two-day decline, favoured by softer US yields and a weaker US dollar. Geopolitical tensions continue to grow amid news …

Crude oil prices experienced an uptick on Friday, fueled by speculations of impending European Union sanctions against Russia. Meanwhile, the US dollar faced a decline, displaying a form of correlation. While Friday’s trading witnessed a marginal increase, oil prices are on course for their fourth consecutive weekly downturn after touching …

Data from the Joint Organizations Data Initiative (JODI) showed on Thursday that Saudi crude oil exports in September rose three percent from the previous month to reach 5.75 million barrels per day. At the same time, the world’s largest oil exporters’ crude oil production increased by 0.7 percent to 8.98 …

In a move to maintain a tight supply, the world’s largest oil exporters, Saudi Arabia and Russia, confirmed the extension of voluntary production cuts until the end of the year. Brent crude futures increased by 0.5 percent, reaching $85.30 per barrel, while US West Texas Intermediate crude rose to $81.05 …

There was little change in oil prices on Friday, but they are heading for a second consecutive week of losses, with the US Central Bank leaving the door open to possible increases in interest rates in the future, as well as declining fears that the conflict in the Middle East …