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Oil: Prices slide on halted strikes – Commerzbank
Commerzbank’s FX Research team reports that Brent Oil opened over 7% lower under USD84 into the Asian session after President Trump said the US would hold off on new strikes against Iran.
Indian Rupee gives back major early gains while approaching closing bell
The Indian Rupee (INR) surrenders a majority of its early gains against the US Dollar (USD) near the closing session on Monday. The USD/INR is slightly lower at near 95.35, having recovered from its over three-week low of 95.15.
WTI Price Forecast: More pain likely if fails to hold $77
West Texas Intermediate (WTI), futures on NYMEX, holds onto early losses, trading 7.6% lower at around $78.60 during the Asian trading session on Monday.
US President Donald Trump says Iran talks to begin Monday after canceling attack
US President Donald Trump said that fresh round of Iran talks would begin Monday after he cancelled a planned attack on Iran partially in response to pleas from US allies in the Middle East, including Saudi Arabia, Bloomberg reported on Monday.
WTI holds losses near $79.00 amid Middle East peace talks, OPEC+ output expansion
West Texas Intermediate (WTI) crude oil price gains ground after opening with a bearish gap, remaining nearly 7% down to trade around $79.30 per barrel during Asian hours on Monday.
OPEC+ agrees to boost September production by 188,000 barrels per day
The Organization of Petroleum Exporting Countries and its allies (OPEC+) agreed on Sunday to boost oil production by 188,000 barrels a day (bpd) from September, against a backdrop of disruption caused by the Mideast war.
Middle East War updates: Trump holds off Iran strikes on pledge Hormuz deal is close
Here’s a brief recap of the key developments in the Middle East war that occurred over the weekend, which are expected to have a significant impact on markets in the upcoming week.
US and Israel plan to attack Iran's energy infrastructure – CBS News
CBS News reported that the United States and Israel may engage in a large campaign against Iran, targeting Iran's energy infrastructure, said multiple sources.
United States Baker Hughes US Oil Rig Count rose from previous 450Â to 451
United States Baker Hughes US Oil Rig Count rose from previous 450Â to 451
WTI Oil recovers above $83 ahead of OPEC meeting
West Texas Intermediate (WTI) US Oil trades higher on Friday, rising 0.76% to around $83.30 after staging a sharp rebound from an intraday low below $80.00.
Brent: Conflict risks keep prices elevated – Commerzbank
Commerzbank’s Norman Liebke and colleagues highlight that Brent remains volatile as Middle East tensions and shipping disruptions through key chokepoints constrain supply.
WTI Oil drifts closer to $80.00 amid a mild increase in traffic through HormuzÂ
Oil prices are ticking lower for the second consecutive day on Friday, with the US benchmark West Texas Intermediate (WTI) barrel hitting session lows a few cents above $80.00.
Oil: Middle distillate tightness supports prices – ING
ING analysts Warren Patterson and Ewa Manthey note that Oil prices have pulled back, with ICE Brent dropping below $90/bbl even as US–Iran tensions stay high.