The International Energy Agency (IEA) has left its forecast for the increase in global Oil demand virtually unchanged. It expects growth of 740 thousand and…
OPEC has also confirmed its forecasts for Oil demand, Commerzbank’s commodity analyst Carsten Fritsch notes. OPEC revises its forecast for non-OPEC+ supply downwards “It continues…
The Light Sweet Crude market sold off fairly nastily during the trading session on Thursday, as we have seen a lot of resistance near the…
Indian Rupee rebounds in Friday’s Asian session. Lower crude oil prices underpin the INR, but persistent interbank USD demand and foreign fund outflows might cap…
USD/CAD trims its intraday losses as the Canadian Dollar weakens amid falling crude Oil prices. WTI continued its downward trend, sliding nearly 3% on Thursday…
WTI price dropped by about 3% on Thursday due to escalating fears of a global supply surplus. Trump commented, “I think we are getting very…
The light sweet crude markets had another bullish session on Tuesday, as we raced toward the 50 Day EMA. The 50 Day EMA of course…
ICE Brent rallied by almost 2.6% yesterday, reaching its highest since late April. A weaker USD following a cooler-than-expected US consumer price index (CPI) provided…
The surprising announcement of a significant reduction in reciprocal tariffs between the US and China led to a sharp rise in oil prices yesterday. Brent…
Brent Crude trades above $65 per barrel, gaining over 2% in Monday’s session US–China 90-day tariff suspension underpins risk-on sentiment Market focus shifts to Tuesday’s…