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WTI Crude Oil consolidates near key support, OPEC+ decision looms

WTI Crude Oil consolidates near key support, OPEC+ decision looms

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 5 OPEC+ meeting and the July 9 deadline for potential US tariff action. OPEC+ is expected to approve a third consecutive supply increase for August, though actual output remains below

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Beaten Up Philippine Peso Set for Reprieve as Crude Retreats

Beaten Up Philippine Peso Set for Reprieve as Crude Retreats

kbdmwjo0{6x8lhoe10uw{kbb_media_dl_1.png Bloomberg Article content (Bloomberg) — The worst may be over for the Philippine peso as falling oil prices boost the outlook for an economy that’s heavily reliant on oil imports. THIS CONTENT IS RESERVED FOR SUBSCRIBERS ONLY Subscribe now to read the latest news in your city and across Canada. Exclusive articles from Barbara

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USD/INR dips as Rupee rises on FII flows, softer Oil prices and mixed US macro data

USD/INR dips as Rupee rises on FII flows, softer Oil prices and mixed US macro data

USD/INR slides to two-week low amid broad US Dollar weakness and strong Rupee demand. Rupee supported by FII inflows, equity market gains, and falling Crude Oil prices. DXY holds near a three-year low as Trump’s Fed criticism and soft US GDP fuel rate cut bets. The Indian Rupee (INR) strengthens further on Friday, riding a

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Fuel prices expected to roll back next week after Israel-Iran ceasefire

Fuel prices expected to roll back next week after Israel-Iran ceasefire

MANILA, Philippines — Fuel prices are estimated to roll back next week after Israel and Iran agreed to a ceasefire, local oil industry sources said on Friday. They projected that gasoline prices may decrease between P1.and P1.40 per liter, diesel between P1.60 and P2.10 per liter, kerosene between P2 and P2.20 per liter. These estimates

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Oil shocks in the 1970s drove rapid changes in transport. It could happen again if Middle East tensions continue

Oil shocks in the 1970s drove rapid changes in transport. It could happen again if Middle East tensions continue

As the world watches the US–Iran situation with concern, the ripple effect from these events are reaching global oil supply chains – and exposing their fragility. If Iran closes the Strait of Hormuz as it is considering, it would restrict the global oil trade and trigger energy chaos. Petrol in some Australian cities could hit

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Nicola Willis rules out fuel subsidies for New Zealand amid global oil price surge

Nicola Willis rules out fuel subsidies for New Zealand amid global oil price surge

Navigation for News Categories Nicola Willis has ruled out fuel subsidies for New Zealanders as the ongoing conflict in the Middle East hikes up global oil prices. The Finance Minister is keeping a close eye on the price of a barrel of oil and said the latest situation update she had from Treasury was that

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