WTI is seeing some back-and-forth for Friday. US Crude Oil barrels bounding between $85.00 and $83.00 per barrel. Oil markets remain concerned about Middle East tensions, but global slowdown hard to ignore.Crude Oil barrels are seeing some tension in the midrange on Friday, in play between $85.00 and $83.00 USD …
Read More »Oil rises more than a dollar amid fears of the expansion of the Middle East conflict
Oil prices rose by more than a dollar on Friday as reports came in that the US military bombed Iranian targets in Syria, once again raising fears of a widening conflict between Israel and Hamas that could affect supplies from the Middle East. By 0638 GMT, Brent crude futures for …
Read More »WTI leaps hits $85 amid tighter geopolitical tensions
As the Middle East conflict heats up again, WTI Crude Oil is back up the daily charts. Requests for a cease-fire so that civilians could receive humanitarian aid were turned down.EIA barrel counts increased more than anticipated, and as geopolitical concerns accelerate, demand concerns will affect the price of crude …
Read More »Oil fell for a third session amid weak European economic data
Oil prices were nearly flat at the start of trading on Wednesday, as signs of shrinking US supplies were counterbalanced by economic data that weakened expectations for energy demand. Brent crude futures rose two cents to $88.09 a barrel by 0003 GMT, while US West Texas Intermediate crude futures fell …
Read More »Disappointing EU PMI data raise concerns on weaker oil demand
Analysts see that disappointing PMI data from the Eurozone raise worries about weaker oil demand. Natural gas is moving higher as traders prepare for colder weather. Trading at $83.42 per barrel, WTI oil is losing ground amid demand worries. Brent oil pulled back towards the $87.00 level. Natural gas is …
Read More »Gold shines with falling US bond yields and tensions in the Middle East
Gold prices rebounded on Tuesday as benchmark US Treasury bond yields declined and investors awaited economic data for clues about interest rates in light of the growing tensions in the Middle East. Gold rose in spot transactions 0.3 percent to $1,977.79 per ounce by 0712 GMT, while US gold futures …
Read More »Oil prices rebound amid the uncertainty of the situation in the Middle East
Oil prices rose in early trading in Asia on Tuesday, October 24, recouping some of the previous day’s losses as investors continued to worry that the war between Israel and Hamas could escalate into a broader conflict in the oil-exporting region, causing potential supply disruptions. By 00:32 GMT, Brent crude …
Read More »Gold retreats from its 5-month peak
Gold prices fell on Monday from the highest level in five months that they recorded in the previous session, with the dollar and US Treasury bond yields rising ahead of important economic data expected this week, while investors are looking for any indications of global repercussions of the conflict in …
Read More »Oil falls as supply concerns ease following diplomatic efforts to calm the Gaza war
Oil prices fell by over a dollar on Monday as supply concerns eased amid diplomatic efforts to contain the conflict between Israel and the Palestinian Islamic Resistance Movement (Hamas). By 0628 GMT, Brent crude futures fell 67 cents to $91.49 per barrel, after losing $1.08 earlier in the session, recording …
Read More »Oil is on its way to rising for the second week against the backdrop of the conflict in Gaza
Oil prices rose on Friday by more than a dollar, on track to achieve gains for a second week amid growing fears that the conflict between Israel and Gaza could spread to the Middle East and thus disrupt supplies from one of the largest crude production regions in the world. …
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