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WTI holds above $72.00, near two-week high amid fresh US-Iran tensions
West Texas Intermediate (WTI) – the benchmark US Crude Oil price – struggles to capitalize on the previous day's strong move up and enters a bullish consolidation phase near a two-week high, touched during the Asian session this Wednesday.
Iran’s IRGC: Targeted 85 US military sites in Bahrain, Kuwait after ceasefire breach
The Iranian Islamic Revolutionary Guards Corps (IRGC) said on Wednesday that it “targeted 85 US military sites in Bahrain and Kuwait following the US ceasefire breach.
Canadian Dollar declines as safe-haven demand lifts US Dollar
USD/CAD inches higher after registering minor losses in the previous day, trading around 1.4200 during the Asian hours on Wednesday.
WTI spikes following fresh US airstrikes on Iran
West Texas Intermediate (WTI) oil price continues to advance after registering nearly 5% gains in the previous day, trading around $72.20 per barrel during the Asian hours on Wednesday.
Oil: Deficits support higher prices – TD Securities
TD Securities’ Ryan McKay argues that Crude Oil is far from oversupplied, with high-frequency global and Chinese balances still pointing to tightness.
Brent: Hormuz security risks support prices – BNY
Geoff Yu reports that a Qatari LNG carrier was struck near the Strait of Hormuz, reviving security concerns and lifting European gas prices and Brent, WTI, Omani and Dubai crude benchmarks.
WTI Price Forecast: More downside is likely if Oil falls below $67
West Texas Intermediate (WTI), futures on NYMEX, trades 1% higher to near $69.40 during the European trading session on Tuesday.
Canadian Dollar: Loonie constrained near term – NBC
National Bank of Canada ’s (NBC) Stéfane Marion and Kyle Dahms describe the Canadian Dollar (CAD) as caught between improving domestic growth and a still-challenging external backdrop. USD/CAD recently rose above 1.42, with forecasts easing to 1.33 by Q2 2027.
Canadian Dollar weakens despite higher oil prices
USD/CAD gains ground for the third successive day, trading around 1.4210 during the European hours on Tuesday. The pair appreciates as the US Dollar (USD) holds ground, which could be attributed to the renewed geopolitical tensions in the Strait of Hormuz.
Indian Rupee recovers strongly as oil prices remain broadly lower
The Indian Rupee (INR) recovers early losses and turns positive against the US Dollar (USD) on Tuesday.
Silver Price Forecast: XAG/USD corrects further to near $61 as oil prices attract bids
Silver price (XAG/USD) is down 1.35% to near $61.00 during the Asian trading session on Tuesday.
WTI rises above $69.00 as Iran strikes commercial vessels in Hormuz
West Texas Intermediate (WTI) oil price gains ground after registering modest losses in the previous day, trading around $69.20 per barrel during the Asian hours on Tuesday. Crude oil prices receive a temporary boost following renewed geopolitical tensions in the Strait of Hormuz.
Iran strikes commercial ships in the Strait of Hormuz
Bloomberg carried a story by an Axios reporter late Monday, citing a US official, that Iran fired at least two missiles at commercial ships transiting through the Strait of Hormuz. Â