WTI Crude Oil remains under pressure near mid-$65s amid thin holiday trading and a lack of fresh catalysts. Traders remain cautious ahead of the July…
The crude oil market has pulled back just a bit during the trading session on Thursday, showing signs of exhaustion after the huge push higher…
WTI price drops as concerns over weakening oil demand rise amid decreasing odds of Fed rate cuts. The US NFP showed 147,000 new jobs added,…
WTI Crude trades in a tight range near $64.50, consolidating after a sharp drop triggered by the Iran–Israel ceasefire. Geopolitical risk premiums unwind, with traders…
US crude Oil production rose to a record level of 13.47 million barrels per day in April, according to the US Energy Information Administration, Commerzbank’s…
Trump is also lagging behind his own ambitions on another important point of his energy policy agenda, Commerzbank’s commodity analyst Carsten Fritsch notes. US shale…
Indian Rupee weakens despite broader US Dollar softness, pressured by equity losses and higher Oil prices. The USD/INR bounces from 85.50 support, hovers near the…
The month of June was very volatile for the crude oil markets worldwide, as Israel and Iran going to war obviously causes quite a bit…
WTI Crude Oil will start tomorrow’s trading below the 65.000 USD level unless there is a violent spike upwards upon the opening as the week…
Ironically, the floor price in crude Oil has likely declined as a result of the war. As long as the battle lines remain as currently…