Tag Archives: WTI

US equities are trading mixed after Wall Street’s opened two hours ago. The losers are the S&P 500 and the Dow Jones Industrial Average, each losing between 0.15% and 0.49%, sitting at 4537.05 and 34,691.34, respectively. The gainer is the heavy-tech Nasdaq Composite gaining 0.25% at 14,787.13 around 15:33 GMT. …

The U.S., Europe and Japan have called on oil-producing nations to do more to tackle record-high prices amid the war in Ukraine and ongoing supply shortages. On Monday, OPEC+ group was reportedly expected to stick to the May oil output plan increase plan at the March 31 meeting as several …

Oil prices fell more than $5 on Monday as concerns grew about slowing fuel demand in China after authorities in the country’s financial hub Shanghai said they would implement a two-stage shutdown to contain an increase in coronavirus cases. Brent crude futures fell to $115.32 and fell $5.15, or 4.3 …

Geopolitics continued to impact the economic outlook throughout the previous week. Christine Lagarde emphasized the punitive measures were designed to target the regime, not the Russian people, while new “fiscal remedies are still needed” to stabilize Europe’s economy.Russia’s invasion of Ukraine on 24 February has fundamentally brought about deep economic …

A Saudi Aramco oil facility located in Jeddah, Saudi Arabia, was hit by a missile launched by Yemen’s rebel Houthi militia on Friday, reports on social media suggested. A Yemeni Houthi spokesperson later said that the group would be announcing more details on a wide operation in Saudi Arabia later …

Oil prices fell on Friday as supply concerns eased as European Union countries remained divided over an oil embargo on Russia, while the United States and its allies considered releasing more oil from storage to calm markets. Brent crude futures fell 46 cents, or 0.4 percent, to $118.57 a barrel …

WTI has been choppy on Thursday, swinging between the $112s and upper $116s as traders weigh various themes.Traders continue to fret about Russian supply disruptions due to Western sanctions as US/Iran talks falter. Oil markets have seen volatile trade thus far this Thursday, with traders juggling a multitude of themes. …

The Canadian dollar keeps rallying versus its American counterpart, as it slid 0.27%. A mixed market mood keeps the CAD in the driver’s seat amid a firm US dollar. USD/CAD Price Forecast: Downward biased, threatening to break below 1.2450.The USD/CAD pair post modest losses as Thursday North American session kicks …

On Thursday, oil prices fell in volatile trade as investors assessed the possibility of fresh supplies in markets with tight oil supplies amid hopes of a new nuclear deal with Iran. Brent crude futures fell 58 cents, or 0.48 percent, to $ 121.02 a barrel, and West Texas Intermediate crude …

The Canadian dollar remains firm versus the American counterpart, with the USD/CAD down 0.37% in the week.Russia/Ukraine woes and US central bank hawkishness could not stop CAD bulls from extending USD/CAD losses. USD/CAD drop extends to seven straight days amid a risk-off market mood in the equity markets, which has …