Market News
Stay on top of the major news, data and analysis moving forex and global financial markets.
WTI falls below $83.00 despite hostilities in the Middle East
West Texas Intermediate (WTI), the USĀ crudeĀ oil benchmark, is trading around $82.80 during the early Asian trading hours on Thursday. WTI falls amid some profit-taking despite escalating conflicts in the Middle East.Ā
Yemen's Houthis reportedly considering fees for ships sailing through Red Sea
Yemenās Iran-backedĀ Houthi rebels are considering imposing fees on commercial ships sailing through the southern Red Sea, Reuters reported on Wednesday. This development came a week after the Houthi declared a naval blockade on Saudi Arabia.
US President Donald Trump says US will strike Iran hardĀ
US President Donald Trump said that he will order heavy strikes on Iran in retaliation for its āsurprise attackā on US forces overnight, Bloomberg reported on Wednesday.
WTI remains muted after Fed hold
West Texas Intermediate (WTI) Oil stayed muted near $83 per barrel following the Federal Reserve's (Fed) decision to hold interest rates constant on Wednesday afternoon. The price consolidation comes after recovering sharply from an intraday low near $78.90.
WTI Oil surges 7% as Middle East war and supply risks fuel rally
West Texas Intermediate (WTI) Oil jumps nearly 7% on Wednesday as the war in the Middle East keeps geopolitical risks firmly priced into the market. At the time of writing, WTI trades around $84 per barrel, snapping a three-day losing streak.
United States EIA Crude Oil Stocks Change came in at -7.167M, below expectations (-2.5M) in July 24
United States EIA Crude Oil Stocks Change came in at -7.167M, below expectations (-2.5M) in July 24
Natural gas: Europe faces tighter winter balance ā ING
INGās Warren Patterson and Ewa Manthey report European natural gas prices have bounced higher as Middle East tensions disrupt Qatari LNG exports. They flag QatarEnergyās extended force majeure, reduced EU LNG imports and below-average storage levels.
Oil: Middle East tensions revive inflation channel ā BNY
BNY reports that renewed IranianāU.S. hostilities lifted Brent above 3%, reviving the inflation channel but remaining secondary to Fed and AI valuation drivers.
WTI rebounds sharply on fears of renewed escalation in US-Iran war
West Texas Intermediate (WTI) futures on NYMEX trades 6% higher on the day, slightly above $83.00 during the European trading session on Wednesday.
Gold struggles near $4,000 ahead of Federal Reserve policy verdict
Gold (XAU/USD) consolidates above $4,000 on Wednesday as price action remains choppy amid growing caution ahead of the Federal Reserveās (Fed) monetary policy announcement, while the war in the Middle East intensifies again after a brief lull.
Canadian Dollar gains as oil prices rebound
USD/CAD extends its losses for the second consecutive day, trading around 1.4090 during the European hours on Wednesday.
WTI trades near $81.00 after rebounding amid supply fears mount
West Texas Intermediate (WTI) oil price gains ground after three days of losses, trading around $81.00 per barrel during the European hours on Wednesday.
Oil: Persian Gulf risks support prices ā ING
ING analysts Warren Patterson and Ewa Manthey note Brent rebounded over 4% after recent losses as renewed attacks on US troops and Saudi energy infrastructure undermine prospects for a USāIran deal.