Tag Archives: WTI crude oil

The USD/CAD pair picks up some momentum and retests the 1.3330 mark. The pair is trading at 1.3053 at the time of writing post the announcement of the US headline, Core PCE which drifted lower in December.US Consumer Sentiment comes next on the economic calendar. The USD/CAD now is attempting …

The US Dollar Index (DXY), which measures the buck’s performance against a basket of six rivals, erases its earlier gains, down 0.04%, at 102.201. During the session, the USD/CHF cleared the 20-day EMA at 0.9293 and cleared the 0.9300 mark. Nevertheless, as the dollar weakened, the major retreated those gains …

Oil prices fell on Wednesday on fears that a rising number of COVID-19 cases in China, the world’s largest oil importer, would impede the Asian country’s economic recovery as it eases pandemic restrictions, curbing oil demand growth. And by 0710 GMT, Brent crude futures for February delivery fell 68 cents, …

Crude oil prices are up on Tuesday, helped by the ruling optimism that pushes most stock markets into the gain territory.China has also eased covid-related restrictions, as the local government puts the focus on economic growth, and this consequently boosted the overall market sentiment. Some news agencies report that the …

The Canadian dollar is outperforming during the US session on rebounding WTI crude price, and so Canada’s currency approaches daily highs.As Wall Street trims losses, US yields print fresh highs, the USD/CAD pair is hovering around 1.3510 after hitting at 1.3484, the lowest level in three weeks, amid a significant …

Oil prices fell more than $1 a barrel on Tuesday, after a spike in COVID-19 cases in China revived fears of a drop in fuel consumption in the world’s top crude oil importer. Brent crude futures fell $1.07, or 1.15 percent, to $92.07 a barrel by 1005 GMT, after falling …

Oil prices settled around $3 lower on Monday, dragged down by the stronger dollar while surging coronavirus cases in China dashed hopes of a swift reopening of the economy for the world’s biggest crude importer.Brent crude futures settled down $2.85, or 3%, at $93.14 a barrel after gaining 1.1% on …

Oil prices fell on Wednesday ahead of the Federal Reserve’s expected rate hike, but expectations of a decline in US crude inventories and European sanctions on Russian oil limited losses. Brent crude fell 56 cents, or 0.6 percent, to $ 94.09 a barrel by 1027 GMT, while US West Texas …

Oil prices rose more than 1% on Tuesday, paring losses incurred in the previous session, while the dollar slipped to reduce the impact of sweeping restrictions to combat Covid-19 in China, stoking fears of slowing fuel demand in the second-largest crude consumer in the world. the scientist. Brent crude futures …

Oil prices fell on Monday after weaker-than-expected factory activity data from China and on concerns that the expansion of COVID-19 restrictions could curb demand. Brent crude futures fell 63 cents, or 0.7 percent, to $95.14 a barrel by 0420 GMT, after falling 1.2 percent on Friday. US West Texas Intermediate …