{"id":14791,"date":"2024-08-07T11:00:19","date_gmt":"2024-08-07T11:00:19","guid":{"rendered":"https:\/\/www.vtmarkets.com\/?p=14009"},"modified":"2025-02-16T10:55:29","modified_gmt":"2025-02-16T10:55:29","slug":"economic-concerns-and-middle-east-tensions-hit-oil-prices","status":"publish","type":"post","link":"https:\/\/www.vtmarkets.com\/tr-mena\/analysis\/economic-concerns-and-middle-east-tensions-hit-oil-prices\/","title":{"rendered":"Economic Concerns and Middle East Tensions Hit Oil Prices"},"content":{"rendered":"\n<p>Today\u2019s market preview provides a concise look at the key factors likely to influence today\u2019s trading, helping investors prepare for the day ahead.<\/p>\n\n\n\n<h1 class=\"wp-block-heading has-medium-font-size\"><strong>US Crude Oil Inventories<\/strong><\/h1>\n\n\n\n<p>Oil prices fell in Asian trading hours on Wednesday, with persistent concerns over slowing economic growth and weak demand keeping prices under pressure. \u00a0<\/p>\n\n\n\n<p>Focus also remained on the Israel-Hamas war, with Hamas set to potentially retaliate against Israel over the killing of its leader last week. Fears of a broader conflict in the region offered some support to crude in recent sessions.<\/p>\n\n\n\n<figure class=\"wp-block-image size-full is-resized\"><img decoding=\"async\" src=\"https:\/\/www.vtmarkets.com\/tr\/wp-content\/uploads\/sites\/9\/2024\/08\/Screenshot-2024-08-07-at-8.40.56-pm.png\" alt=\"\" class=\"wp-image-14012\" style=\"width:574px;height:auto\" \/><\/figure>\n\n\n\n<h1 class=\"wp-block-heading has-medium-font-size\"><strong>Crude Oil Inventories Expectations<\/strong>\u00a0<\/h1>\n\n\n\n<p>Events since the last release of the Inventory Report:\u00a0<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Saudi Aramco Hikes Oil Prices for the First Time in Months\u00a0<\/li>\n\n\n\n<li>The weak Chinese data added to concerns over slowing demand in the world\u2019s biggest oil importer.\u00a0<\/li>\n\n\n\n<li>U.S. crude oil falls 2% as economic worries outweigh Middle East escalation\u00a0<\/li>\n<\/ul>\n\n\n\n<p>Previous Report Figures <strong>-3,436M<\/strong> (Barrels of Oil)\u00a0<\/p>\n\n\n\n<p>Forecast Figures for latest release <strong>-1,600M<\/strong> (Barrels of Oil)\u00a0<\/p>\n\n\n\n<figure class=\"wp-block-image size-large is-resized\"><img decoding=\"async\" src=\"https:\/\/www.vtmarkets.com\/tr\/wp-content\/uploads\/sites\/9\/2024\/08\/Screenshot-2024-08-07-at-8.48.35-pm-1024x583.png\" alt=\"\" class=\"wp-image-14014\" style=\"width:737px;height:auto\" \/><\/figure>\n\n\n\n<h1 class=\"wp-block-heading has-medium-font-size\"><strong>Gold Prices Fell Below US 2400 Dollar\u00a0<\/strong>\u00a0<\/h1>\n\n\n\n<p>Spot gold continued to be under pressure, falling below the key level of $2400 per ounce\u00a0<\/p>\n\n\n\n<p>Gold futures expiring in December rose 0.12% to $2,434.85 an ounce, Silver futures expiring in September fell 0.94% to $26.960 an ounce, and Palladium futures expiring in September rose 1.06% to $870.53 per ounce.<\/p>\n\n\n\n<p>\u00a0Click <a href=\"https:\/\/www.vtmarkets.net\/trade-now\/\" title=\"\">here<\/a> to open account and start trading.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Today\u2019s market preview provides a concise look at the key factors likely to influence today\u2019s trading, helping investors prepare for the day ahead. US Crude Oil Inventories Oil prices fell in Asian trading hours on Wednesday, with persistent concerns over slowing economic growth and weak demand keeping prices under pressure. \u00a0 Focus also remained on <a href=\"https:\/\/www.vtmarkets.com\/tr-mena\/analysis\/economic-concerns-and-middle-east-tensions-hit-oil-prices\/\" class=\"read-more\">Continue Reading<\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[2],"tags":[],"class_list":["post-14791","post","type-post","status-publish","format-standard","hentry","category-analysis"],"acf":{"acf_article_selection_author":null},"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/www.vtmarkets.com\/tr-mena\/wp-json\/wp\/v2\/posts\/14791","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.vtmarkets.com\/tr-mena\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.vtmarkets.com\/tr-mena\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.vtmarkets.com\/tr-mena\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.vtmarkets.com\/tr-mena\/wp-json\/wp\/v2\/comments?post=14791"}],"version-history":[{"count":0,"href":"https:\/\/www.vtmarkets.com\/tr-mena\/wp-json\/wp\/v2\/posts\/14791\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.vtmarkets.com\/tr-mena\/wp-json\/wp\/v2\/media?parent=14791"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.vtmarkets.com\/tr-mena\/wp-json\/wp\/v2\/categories?post=14791"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.vtmarkets.com\/tr-mena\/wp-json\/wp\/v2\/tags?post=14791"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}