Tag Archives: WTI

Oil prices edged higher on Wednesday as investors awaited the conclusion of the U.S. Federal Reserve meeting, where a widely expected interest rate cut could signal further monetary easing for 2025. Brent crude climbed by 32 cents, or 0.44%, reaching $73.51 a barrel by early morning, while U.S. West Texas …

Oil prices plunged to a one-week low on Tuesday, driven by concerns over weakening global economic conditions and the anticipation of a U.S. Federal Reserve interest rate cut. WTI crude oil is 1.44% down, trading at $69.66 per barrel, while Brent crude is 1.07% down, trading at $73.08 per barrel. …

Saudi Arabia, the world’s top oil exporter, is likely to significantly reduce crude prices for Asian buyers in January, potentially marking the lowest official selling prices (OSPs) in years. This decision follows a decline in Middle East benchmark prices and reflects ongoing market dynamics, according to a Reuters survey of …

As OPEC+ prepares for its December 1 meeting, several pressing issues will dominate the agenda, including a potential delay in planned supply increases and the broader implications of current market dynamics. With weak global demand, a retreating U.S. dollar, and fading geopolitical tensions, the decisions made during this pivotal meeting …

Greenback Dominance Continues The US Dollar extended its rally on Thursday, hitting fresh 2024 highs. Despite a slight easing in US Treasury yields, the greenback remained resilient. This comes ahead of a busy economic calendar on Friday, with key US data releases expected to further influence market sentiment.Key Currency Pairs …

The price of WTI drops to about $68.00 in the early Asian session on Tuesday. The USD-denominated oil is impacted by the strengthening USD. Investors were let down by China’s stimulus plan, which caused the WTI price to decline. The benchmark for US crude oil, West Texas Intermediate (WTI), is …

Before the FOMC event, the US election continues to receive the majority of market focus. Amid increased expectations ahead of the US election results and the next Fed meeting, the US dollar was mostly defensive on Tuesday, falling to three-week lows. What you need to know on Wednesday, November 6:Despite …

US Election Driving Market Sentiment WorldwideThe US Dollar Index (DXY) weakened early this week as investors unwound positions related to the “Trump trade” and grew cautious ahead of the US election on Tuesday and the FOMC meeting on Thursday.Key Currency Pairs and Economic Events:EUR/USD: The pair climbed above 1.0900, but …

The Global Oil Landscape ShiftsThe recent announcement from Saudi Arabia to increase oil production has sent ripples through the global energy market. West Texas Intermediate (WTI), the US crude oil benchmark, has been under pressure as a result.While Saudi Arabia’s decision to boost production offers a potential solution to global …

Market Drivers: US Session, September 20 US Dollar Strengthens Amidst Fed Rate Cut and Economic OptimismThe US Dollar gained momentum following the Federal Reserve’s interest rate cut, reflecting growing market optimism about the US economy. The New York Fed’s Nowcast model projects robust economic growth in the third and fourth …