advances

WTI advances to near $68.00 as traders await Trump’s statement on Russia

WTI advances to near $68.00 as traders await Trump’s statement on Russia

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WTI price appreciates as Trump signals the possibility of additional sanctions on Russia. The EU may lower the price cap on Russian oil as part of its upcoming 18th sanctions package against Moscow. The International Energy Agency reported that Saudi Arabia exceeded its oil output target, surpassing level implied by the OPEC+ agreement. West Texas […]

WTI advances to near $68.00 as traders await Trump’s statement on Russia Read More »

WTI advances to one-week high, closer to mid-$59.00s as traders eye US-China trade talks

WTI advances to one-week high, closer to mid-$59.00s as traders eye US-China trade talks

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WTI builds on this week’s bounce from a nearly one-month low amid US-China trade talks optimism. The fundamental backdrop warrants some caution before positioning for any further appreciation. Traders might also opt to wait on the sidelines ahead of the crucial FOMC policy decision later today. West Texas Intermediate (WTI) US Crude Oil prices gain

WTI advances to one-week high, closer to mid-$59.00s as traders eye US-China trade talks Read More »

WTI advances to near $82.80 on likelihood of OPEC+ maintaining production cuts

WTI advances to near $82.80 on likelihood of OPEC+ maintaining production cuts

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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 »

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