Tag Archives: Oil
US GDP growth boosts crude oil demand despite Asian challenges
Brent crude futures for September increased by 7 cents, reaching $82.44 per barrel as of 0014 GMT. Similarly, US West Texas Intermediate (WTI) crude for September rose by 4 cents, hitting $78.32 per barrel.
Oil prices finding a balance between slowing demand and tightening supply
Key Points: Oil prices remained steady reflecting a balance between declining demand growth and tightening supply. Global benchmark Brent crude oil (Symbol: UKOUSD) dropped slightly to $83.62 a barrel. Similarly, US West Texas Intermediate (WTI) crude (Symbol: USOUSD) also fell to $80.65 a barrel. Picture: Oil prices steady as market faces conflicting influences, as observedContinue Reading
Yen fluctuates with intervention talks; Asian shares on track for weekly gain
The yen experienced significant swings on Friday, reflecting investor nervousness after Tokyo likely intervened to support the Japanese currency following a cooler-than-expected U.S. inflation report. Learn what to expect for the Yen in coming weeks.
Oil drops as US Gulf supply worries ease and China inflation weakens
Key points: Oil prices dipped on Wednesday as the impact from Hurricane Beryl dissipated and inflation data highlighted persistently weak consumer demand in top crude importer China. Picture: Oil prices decline as seen on the VT Markets app. Brent and WTI crude prices fall as US gulf supply concerns ease As of 0632 GMT, BrentContinue Reading
Canadian dollar rises to one-month peak before domestic jobs report
The loonie strengthened to a one-month high against its U.S. counterpart on Thursday. This rise occurred as the greenback posted broad-based declines ahead of domestic jobs data, which could influence expectations for further interest-rate cuts by the Bank of Canada.
Oil prices hover at high with summer demand and rate cut hopes
Key points: Oil prices held steady near two-month highs, buoyed by expectations of rising fuel demand and potential economic growth from US interest rate cuts. Brent crude oil (Symbol: UKOUSD) increased to $86.80 per barrel. Similarly, the WTI crude oil (Symbol: USOUSD) reached $83.51 per barrel. The images above show oil prices rallying, as observedContinue Reading
Oil prices fall with US inventory increase
WTI and Brent crude oil prices fall due to unexpected rise in US inventories and market caution ahead of the US PCE data. Geopolitical tensions add to supply concerns.
Oil prices edge down as demand growth prospects remain uncertain
Key points: Oil prices edged down in Asian trade on Tuesday, after rallying in the previous session. Brent crude oil (Symbol: UKOUSD) dropped to $84.13 per barrel, while West Texas Intermediate (WTI) crude oil (Symbol: USOUSD) decreased to $80.19 a barrel. The images above show the bullish momentum in oil prices, as observed on the VTContinue Reading
Oil prices rise on falling US inventories and higher global demand forecasts
Key Points: Oil prices climbed as reports indicated a decline in US crude oil inventories and an optimistic outlook on global demand. Brent crude oil (Symbol: UKOUSD) increased to $82.32 per barrel, while West Texas Intermediate (WTI) crude oil (Symbol: USOUSD) rose to $78.42 per barrel. The images above showed the bullish momentum in oil prices,Continue Reading
Oil prices dip due to uncertainty on OPEC+ cuts and strengthening of USD
Key points: Oil prices nudged lower for the second consecutive session on Monday, pressured by a stronger dollar as expectations for US interest rate cuts were delayed following robust nonfarm payrolls data released on Friday. Brent crude oil futures (Symbol: UKOUSD) slipped to $79.58 a barrel, while US WTI crude oil futures (Symbol: USOUSD) fell 4Continue Reading
