Tag Archives: WTI

WTI crude has climbed near USD 102.00 as IEA renewed fears of supply shortage. The expectation of supply shortage from Russia has already been discounted by investors. The OPEC’s positive response to the urge of US President Joe Biden will fix the demand-supply gap.West Texas Intermediate (WTI), futures on NYMEX, …

Oil prices strongly rebounded on Thursday, with front-month WTI futures surging nearly USD 8.0 to the USD 102s. While prices are still USD 27 below last week’s highs, Thursday’s rally may signal an end to the recent bear run.Oil prices have seen a strong rebound on Thursday, with front-month WTI …

The American dollar ended the day lower after the US Federal Reserve monetary policy decision. The US central bank hiked rates by 25 bps, as expected, with Bullard being the only dissenter voting for a 50 bps hike. Economic Data Canadian inflation hit 5.7% YoY in February, according to Statistics …

WTI futures pick up to $98.00 from three-week lows at $93.40. Oil prices plunge on easing supply concerns and COVID-19 cases in China. From a wider perspective, US oil futures remain biased lower.The US benchmark crude oil futures are attempting a mild correction on Tuesday’s US trading session. Front-month West …

Oil prices extended losses on Tuesday to a two-week low after ceasefire talks between Russia and Ukraine eased fears of another oil supply disruption, while coronavirus infections in China raised concerns about slowing demand for crude. Brent crude futures were down $5.95, or 5.6 percent, at $100.95 a barrel by …

Market players tried to remain optimistic about a potential diplomatic solution to the Russia-Ukraine conflict but peace talks yielded no results.The positive sentiment diluted as the day went by, with Wall Street ending the day in the red territory after a strong opening.Economic DataThe economic calendar on Monday witnessed no …

The US dollar’s rebound from 1.2690 extends to levels near 1.2800 while the Canadian dollar loses ground as oil prices drop. Longer-term, the USD/CAD is expected to remain neutral to negative.The US dollar has bounced up against its Canadian counterpart on Monday to pare losses after the 1.3% reversal seen …

Volatility and inflation have been among the most significant key drivers throughout the trading week amid trepulent geopolitical developments with undeniable economic impact across financial market.Inflation Still Biggest RiskData released on Thursday showed that the US consumer price index (CPI) grew 7.9% year-on-year and 0.8% month-on-month in February. The core …

US energy firms this week added oil and natural gas rigs for the ninth time in 10 weeks after Russia’s invasion of Ukraine drove crude prices to their highest since 2008.The oil and gas rig count, an early indicator of future output, rose 13 to 663 in the week to …

After a historically volatile week, WTI is more subdued on Friday, remaining capped under $110 but supported above $104. WTI is on course for a weekly drop of over $7.0, which would be its worst one-week performance since November.Global oil markets look set to end a historic week of energy-related …