Oil

7 October 2024
Oil Retreats After Weekly Rise in Over a Year

Oil prices eased after last week’s strong rally, as markets focus on Middle East tensions and profit-taking weighs on early-week trading. – vtmarkets.com

4 October 2024
Oil Prices Rise on Middle East Tensions, Limited by Global Supply

Oil prices inch higher on concerns over Middle East conflict, however as global supply remains stable, potential price spikes remain moderated. – vtmarkets.com

2 October 2024
Asia Stocks Drop as Iran-Israel Tensions Rise, Crude Oil Surges on Supply Risks

Fears of escalating conflict in the Middle East weighed heavily on Asian stocks, while safe-haven assets like gold and the dollar saw increased demand. Crude oil prices also climbed on supply disruption concerns. – vtmarkets.com

30 September 2024
Oil Prices Rise on Middle East Supply Risks and Escalating Conflict

Oil prices rise alongside Middle East tensions and fears of supply disruptions, while traders await U.S. Federal Reserve updates on potential rate cuts. -vtmarkets.com

25 September 2024
Oil Prices Consolidate on Mixed Market Signals

Oil prices consolidate as U.S. crude oil inventories decline, but waning optimism over the Chinese economic stimulus and rising Middle East tensions keep markets in a cautious state. -vtmarkets.com

20 September 2024
Oil prices on track to finish the week higher following US rate cut

Brent futures, which were trading down 26 cents or 0.4% at $73.62 a barrel early on Friday, have still gained 4.3% over the week. Similarly, US WTI crude, slightly down by 0.2% at $71.80, registered a 4.8% rise for the …

18 September 2024
Oil prices stable as markets eye rate cut decision by U.S. Fed

Oil prices hold stable as markets await the rate cut decision by the U.S. Fed. Geopolitical tensions in the Middle East and supply disruptions from Hurricane Francine support prices. Short-term traders should brace for volatility. -vtmarkets.com

14 September 2024
Oil rises for 3rd straight session on supply concerns in Mexico

Oil prices rise for the third straight session, supported by supply concerns from Hurricane Francine in the Gulf of Mexico. However, demand worries persist, especially from China. -vtmarkets.com

12 September 2024
Oil prices remain steady amid mixed demand signals and U.S. hurricane effects

Oil prices remained relatively flat on Thursday, as signs of weakening demand across key economies outweighed the potential supply disruptions caused by U.S. hurricanes. While such storms usually prompt concerns over reduced oil output, the market is seeing conflicting signals, …

9 September 2024
Oil prices rebound as U.S. Gulf coast braces for hurricane

Key Points: Oil prices jumped in the Asian session following the steep selloff.. Weather concerns, including a potential hurricane approaching the U.S. Gulf Coast contributed to the rebound. Oil prices made a sharp recovery as the threat of a hurricane …

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