Forex traders said investor sentiments got a boost as crude oil prices retreated from their elevated levels, while the strength of the American currency in the overseas market weighed on the local unit and restricted the up move. | Photo Credit: R. Ragu The rupee appreciated 8 paise to 83.23 against the U.S. dollar in […]
Rupee rises 8 paise to 83.23 against US dollar in early trade Read More »
Updated April 8, 2024 1:43 am ET 0107 GMT – Brent oil prices may rise to $95/bbl-$105/bbl near term, from around $90/bbl currently, given likely higher demand and supply shortages, BIMB Securities analyst Azim Faris Ab Rahim says in a note. He says the International Energy Agency has revised its oil demand growth upward due
Brent Oil Prices May Rise to $95/bbl-$105/bbl in Near Term Read More »
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Get ready for $5-a-gallon gasoline Read More »
WTI is seen consolidating its recent strong move to over a five-month peak. Worries about supply disruptions and tight global supply lend some support. Signs of improving demand should further contribute to limiting the downside. West Texas Intermediate (WTI) US Crude Oil prices enter a bullish consolidation phase during the Asian session on Thursday and
WTI stands tall near multi-month peak, just above $85.00/barrel mark Read More »
On March 29, 2024, 5:49 AM Crude oil prices were in the red today after the Energy Information Administration reported an inventory build of 3.2 million barrels for the week to March 22. This compared with a draw of 2 million barrels for the previous week, when the EIA also estimated a sizeable draw in gasoline inventories, which helped
Oil Moves Down on Inventory Rise Read More »
WTI price gained ground as OPEC+ is expected to maintain their production cuts. Ukrainian attacks on Russia’s infrastructure are contributing to the sentiment of tightening global Crude supplies. Fuel suppliers in Baltimore are expected to encounter delays following the collapse of the Francis Scott Key Bridge. West Texas Intermediate (WTI) oil price settled higher at
WTI advances to near $82.80 on likelihood of OPEC+ maintaining production cuts Read More »
Charles Hugh Smith Charles Hugh Smith has been an independent journalist for 22 years. His weblog, www.oftwominds.com, draws two million visits a year with unique analyses of global… More Info By Charles Hugh Smith – Mar 28, 2024, 3:30 PM CDT U.S. benchmark crude gained over $2 on Thursday as U.S. crude inventories tightened and
Oil Prices Gain 2% on Tightening Supply Read More »
Crude oil imports averaged 6.7 million bpd, rising by 424,000 bpd from the previous week. Strategic Petroleum Reserve increased from 362.3 million barrels to 363.1 million barrels as U.S. continued to buy oil for strategic reserves. The purchases of oil for SPR have served as a material positive catalyst for oil markets this year. Domestic
Crude Oil Inventories Rise By 3.2 Million Barrels, Exceeding Analyst Expectations Read More »
WTI Oil retreats below $82 on chunky increase in US crude stockpiles. Oil traders remain bullish, but the US stockpile build-up is triggering a repricing. The US Dollar Index trades above 104.00 and sees US Dollar bulls digging in their heels. Oil prices are retreating on Wednesday, with traders gasping for air after seeing the
Oil retreats with US stockpile crushing bullish bets for now Read More »
UAE’s abroad investments performing well despite economic headwinds: top official RIYADH: The UAE has strengthened its position in the global economy, with its overseas investments proving resilient amid economic fluctuations, said a senior official. Jamal Bin Saif Al-Jarwan, secretary-general of the UAE International Investors Council, stated that the Emirate’s assets abroad, both government and private,
Oil Updates – crude rises as heightened geopolitical risks exacerbate supply concerns Read More »
