West Texas Intermediate crude dipped on Tuesday amid profit-taking though has recovered from session lows near $89.00 back above the $90.00 level.Analysts cited chatter about a potential US-Iran nuclear programme deal and President Macron’s Moscow visit as weighing on prices.Front-month WTI futures pulled back from close to seven-year highs on …
Read More »WTI Crude Surges Above $92 On Permian Freeze
The US oil benchmark jumped to above $92 per barrel early on Friday, its highest level since 2014, amid the Russia-Ukraine crisis and a deep freeze in Texas that disrupted some Permian oil production.West Texas Intermediate crude oil broke this week the $90 a barrel mark for the first time …
Read More »EUR/USD Pressured As US Dollar Bounces With T-Yields
The EUR/USD pair is holding the lower ground below 1.1350, as the US dollar attempts to bounce in tandem with the Treasury yields amid a risk-on mood.The sentiment on Wall Street improved dramatically, in anticipation of the corporate earnings reports. That fueled a fresh selloff in the US Treasuries, which …
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