TAG: xtiusd
Crude Prices Stalled at Key Resistance
Fresh ShippingCrude prices are sitting just below Friday’s highs as we start the new week. Indeed, we’re seeing some light selling across the European morning on Monday, despite news of fresh attacks on shipping routes in the Middle East. The UKMTO noted...
7 months ago
Middle East Fears Keep Oil At Highs - NFP Next
Crude In DemandCrude prices on track to end the week at their highest level since mid-2023. Fears of escalating violence in the Middle East, an improving China demand outlook and Fed easing expectations are helping keep oil prices well supported here. On...
6 months ago
NFP Shakes Up Markets, EUR/USD Takes a Tumble
Today, the spotlight shines on the EUR/USD pair as it takes a plunge, breaching the 1.0800 mark on Friday. The downturn has been triggered by the release of US Nonfarm Payrolls data, which exceeded expectations by a wide margin: The data unleashed a...
6 months ago
Crude Rallies As Gaza Ceasefire Talks Fail
Fresh Middle East TensionsOil prices remain buoyant today as tensions in the Middle East remain elevated after Hamas has reportedly rejected Israel’s latest ceasefire proposal. The group said the proposal did not meet its demands. Additionally, fears of a...
6 months ago
Dollar Steady Amidst Geopolitical Calm, Eyes on US Data and Central Banks
In the wake of a relatively tranquil weekend marked by the absence of further escalations between Iran and Israel, the US Dollar has maintained its steady stance on Monday. Investors are breathing a collective sigh of relief as the absence of fresh geopol...
5 months ago
Crude At Key Level Ahead of EIA Data
Crude Caught in BetweenOil prices continue to battle it out around the 82.59 level. Following a correction lower over the last two weeks, price has been attempting to get back above the level in recent sessions. Volatility around developments in the Middl...
5 months ago
Crude Under Pressure - What to Watch
Fading Middle East Tensions Weigh on CrudeOil prices are turning lower as we cross through the middle of the week. Crude futures has slipped back to their lowest level since early March as a combination of fading Middle East tensions and a stronger Dollar...
5 months ago
Crude Sinking on Fading Middle East Fears
Middle East ImpactOil prices remain under pressure on Friday and are on course for their largest weekly decline in 3 months. Hopes of a ceasefire between Israel and Hamas are driving the selling in oil prices, with crude futures now down around 10% from t...
5 months ago
Crude Sell-Off Pauses For Now
Crude Stalls At SupportThe sell-off in crude prices has stalled over recent days as traders await fresh directional cues. Weak global manufacturing readings set the tone at the start of the week with crude prices softening in response to fresh industrial...
2 months ago
Crude Testing Key Support As Sell-Off Deepens
Oil Slide DeepensOil prices have remained under pressure this week with rude futures now down almost 10% from the July highs. The sell-off comes amidst a fresh uptick in USD this week on the back of President Biden stepping down from the US Presidential r...
2 months ago
Oil Sell-Off Stalls Ahead of EIA Data
Oil Holding At Support… For NowOil prices are seeing some relief today with crude futures trading a little higher off the week’s lows. Some shift in tone from the BOJ has seen JPY pulling back from recent highs which has helped improve risk appetite somew...
2 months ago
Crude Rallies on EIA Data & Middle East Fears
Fresh EIA Draw Boost OilCrude oil prices spiked higher yesterday after news of a larger-than-forecast inventories drawdown, as recorded by the EIA. Falling by a further 3.7 million barrels, US crude stores are now down at their lowest levels since Februa...
2 months ago
Oil Prices Soar on Rising Geopolitical Risks
Middle East Oil ImpactOil prices are trading higher at the start of the week with crude futures extending gains from last week. The market is now up around 8% from last week’s lows as bullish sentiment continues to grow. One of the key upside drivers curr...
2 months ago
Crude Rally Fading Sharply As Demand Concerns Hit
Crude Under PressureFollowing a solid rally at the start of the week, oil prices have run into heavy selling interest over the week. Crude futures are down around 6% from the week’s highs as demand concerns resurface. At the start of the week, crude price...
2 months ago