Tag Archives: Oil Prices

US Dollar Dives on Soft US Inflation: The US Dollar Index (DXY) plunged to multi-week lows around 104.00 after disappointing Consumer Price Index (CPI) data and falling US yields. This data fueled speculation of the Federal Reserve cutting interest rates as early as September, sending the Dollar tumbling. Today (July …

As inflationary pressures persist worldwide, commodities have emerged as a focal point for investors seeking stability and growth. Among the trio of silver, oil, and gold, each commodity tells a unique story of resilience and opportunity.Industrial DynamoSilver, often dubbed the “poor man’s gold,” has surged approximately 22.5% in the first …

Mohammed Hashad, Head of Research and Development at Noor Capital and a distinguished member of the US Association of Technical Analysts, provided insightful commentary and thorough analysis on the latest market dynamics and key asset performances in an exclusive interview with Dubai TV.  Let’s start with the United States. How …

Oil prices continued their upward trajectory in Asian trading on Friday, poised for substantial gains in June. This ascent was fueled by growing concerns over potential supply disruptions stemming from escalating geopolitical tensions in Russia and the Middle East, overshadowing fears of slowing demand despite a surprising increase in U.S. …

USD Retreats on Eve of PCE Data The US Dollar Index (DXY) pared back gains from its recent surge above 106.00, as cautious investors awaited the release of crucial US inflation data (PCE). The PCE figures, due on June 28th, will be the main focus, along with Personal Income, Spending, …

Oil prices rebounded on Thursday, defying concerns over a surprise increase in U.S. crude stockpiles, as escalating geopolitical tensions in the Middle East raised concerns about potential supply disruptions. Brent crude futures, the international benchmark, climbed 0.9% to $86.01 a barrel, while U.S. West Texas Intermediate crude futures also rose …

U.S. stock index futures climbed on Wednesday, continuing a recovery in the tech sector, led by a surge in Nvidia shares and an optimistic outlook from delivery giant FedEx. Dow Jones Futures held steady, while S&P 500 Futures gained 0.2% and Nasdaq 100 Futures jumped 0.3%, indicating a positive start …

Oil prices continued their upward trajectory on Wednesday, approaching a two-month high, driven by expectations of dwindling inventories during the peak summer demand season and heightened geopolitical tensions in the Middle East. Market Dynamics Brent crude oil futures rose 0.7% to $85.64 a barrel, while U.S. West Texas Intermediate crude …

Oil prices remained largely unchanged on Tuesday, following a rise in the previous session. Investors are cautiously awaiting the release of U.S. consumer price data, which could influence interest rate decisions and subsequently impact oil demand. However, expectations of increased consumption during the peak summer driving season in the U.S. …

Oil Prices Edge Higher Amidst Summer Driving Optimism, Geopolitical Concerns Oil prices continued their upward trend on Monday, buoyed by expectations of increased demand during the summer driving season, particularly in the crucial U.S. market. As of 08:25 ET, Brent oil futures rose 0.5% to $84.78 a barrel, while West …