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WTI steadies near $86.00 as Iran sanctions threat offsets US inventory build
West Texas Intermediate (WTI), the US crude oil benchmark, is trading around $86.00 during the early Asian trading hours on Tuesday. WTI steadies near one-month highs as traders continue to digest the Middle East developments.Â
Indian Rupee remains under pressure amid elevated Oil prices
The Indian Rupee (INR) ticks lower against the US Dollar (USD) on Friday. The USD/INR edges up to near 95.72 as elevated oil prices have outweighed a weak US Dollar.
Canadian Dollar gains ground amid rising oil prices
USD/CAD extends its losses for the third successive day, trading around 1.3770 during the Asian hours on Friday. The currency pair loses ground as the commodity-linked Canadian Dollar (CAD) receives support from rising crude oil prices.
WTI consolidates around $86.00; bulls potential intact amid US-Iran impasse
West Texas Intermediate (WTI) – the benchmark US Crude Oil price – oscillates in a range around the $86.00 mark during the Asian session on Friday and remains well within striking distance of a three-week high, touched the previous day.
Bessent says US unlikely to resume large-scale Iran combat, steps up economic pressure
US Treasury Secretary Scott Bessent said that the US President Donald Trump administration’s plan to crush Iran’s economy will likely negate the need for major US military operations against the Islamic Republic, CNBC reported on Thursday.
Japanese Yen underperforms as elevated Oil prices weigh, US Dollar recovers
USD/JPY rebounds on Thursday, recovering most of the previous day’s losses as the US Dollar (USD) stages a modest recovery after falling to a three-month low. At the time of writing, USD/JPY trades around 159.05, up roughly 0.55% on the day.
WTI hits three-week high as Iran deadlock supports Oil
West Texas Intermediate (WTI) US Oil rises 1.89% on Thursday and trades around $85.85 at the time of writing, after reaching a fresh three-week high at $87.38 earlier in the day.
Euro weakens against Canadian Dollar amid higher oil prices
EUR/CAD halts its three-day winning streak, trading around 1.6110 during the European hours on Thursday. The currency cross faces downward pressure as the commodity-linked Canadian Dollar (CAD) gains support from rising crude oil prices.
WTI refreshes three-week high near $86 amid US-Iran deadlock
West Texas Intermediate (WTI), futures on NYMEX, trades 2% higher at around $86.00 during the European trading session on Thursday, the highest level seen in over three weeks.
Oil: Rally extends on sanctions risk – ING
ING strategists Ewa Manthey and Warren Patterson note Oil has extended its rally for a fifth straight session, with ICE Brent above $92 and WTI over $86 as markets react to tighter US sanctions on Iran.
WTI Price Forecast: Bulls seem hesitant below $85.00 and 61.8% Fibo. hurdle
West Texas Intermediate (WTI) – the benchmark US Crude Oil price – extends its consolidative price move for the third straight day and trades around the $84.30 area through the Asian session on Thursday.
Canadian Dollar gains on higher oil prices, weaker US Dollar
USD/CAD extends its losses for the second successive day, trading around 1.3800 during the Asian hours on Thursday. The pair declines as the commodity-linked Canadian Dollar (CAD) receives support from improved oil prices.
WTI surges above $84.50 as Strait of Hormuz standoff escalate
West Texas Intermediate (WTI) oil price appreciates after registering modest losses in the previous day, trading around $85.50 per barrel during the Asian hours on Thursday.