Oil

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.

Key points:  Brent crude oil rose to $86.80 per barrel, while WTI crude oil climbed to $83.51 per barrel.  Increased US travel demand for the Independence Day holiday and potential interest rate cuts are supporting prices.  Concerns over Hurricane Beryl …

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.

Key points:  Brent crude oil fell to $84.13 per barrel.  West Texas Intermediate crude oil slipped to $80.19 a barrel.  Market focus shifts to global demand growth and inventory levels.  Oil prices edged down in Asian trade on Tuesday, after …

Key Points:  Brent crude oil rises to $82.32 per barrel, and WTI rises to $78.42 per barrel.  US commercial crude oil inventory fell by 1.2 million barrels last week.  EIA raises the 2024 global oil consumption growth forecast by 200,000 …

Key points:  Brent crude futures fell to $79.58, and WTI crude futures dropped to $75.49 per barrel.  Strong US jobs data pushed out expectations for interest rate cuts, strengthening the US dollar.  Call for snap legislative elections by Macron adds …

Key points:  Brent crude futures rise to $79.89 per barrel; WTI crude futures reach $75.59.  Oil prices supported by reassurance from Saudi Arabia and Russia about potential adjustments to supply agreements.  Prices set for the third consecutive week of declines …

Key points:  Bank of Canada cuts interest rates for the first time in four years, signaling more to come.  Canadian dollar (CAD) experiences mixed performance against other currencies following rate cut.  Homeowners across Canada are breathing a sigh of relief …

Key points:  WTI crude futures remain near $73 per barrel, holding at four-month lows.  Brent crude futures hover around $76 per barrel, near three-month lows.  US crude inventories increased by 4.052 million barrels, defying expectations of a 1.9-million-barrel draw.  OPEC+ …

Key points: U.S. job openings fell to a three-year low, signaling potential economic slowdown. Treasury yields declined, while the dollar and safe-haven assets saw gains. The U.S. economy’s recently robust performance may be starting to wane, as indicated by the …