Created
: 2025.06.03
- English
- English
- What's Myforex
- Share
- Use tools
- Get information
- What's New
- Help center
- About us
- Customer support
- Terms and policies
-
-
PortfolioShare your portfolio and performance in real time -
Events & contestsEvents and contests held by retail brokers around the world
-
-
Real-time spread comparisonCompare spreads of major retail brokers in real time -
Volatility analysisVisualize volatility as a measure of daily market activity -
Swap point comparisonCompare buy and sell swap values for each broker by symbol -
Market rates & chartsCheck prices for all instruments offered by each broker -
IndicatorsProviding in-house developed indicators for MT4/MT5 -
Trading calculatorsCalculation tools for each broker to help you trade
-
-
World FX newsLatest news on forex and cryptocurrencies from around the world -
Broker informationTrading information of retail brokers worldwide -
MetaTrader4/5 user guideUser guide collection for the latest MetaTrader4/5 -
Economic calendarRelease calendar for indicators from official sources of major economies
Crude rallies despite OPEC+ supply return - TDS
Breaking news
Crude rallies despite OPEC+ supply return - TDS
New
2025.06.03 00:19
2025.06.03 00:19
2025.06.03 00:19
Crude prices are rallying even as OPEC+ continues to bring crude Oil back to markets, TDS' Senior Commodity Strategist Daniel Ghali notes.
Gulf exports likely to climb post-summer peak
"While this was widely expected and eased fears of an even larger supply increase, we continue to expect that markets will struggle to absorb these barrels, but more notably after the summer months given that Gulf Oil exports are more likely set to rise following peak seasonal demand for the region."
"For the time being, geopolitical escalation has whipsawed CTAs, but we continue to expect that most scenarios for prices will see CTAs grow their net short in crude and products over the coming week. There is only a very narrrow path towards substantially higher Oil prices."
Last updated
: 2025.06.03
Related articles
OPEC output grows in May - ING
2025.06.04 17:53WTI eases amid a stronger USD, but remains close to $63.00
2025.06.04 16:16Crude oil price today: WTI price bearish at European opening
2025.06.04 15:03WTI extends upside above $62.50 geopolitical risks, supply fears
2025.06.04 09:02WTI Crude Oil extends gains as Canada wildfires, geopolitical tensions, and a broadly weaker US Dollar support prices
2025.06.04 02:36OPEC+ increases Oil production substantially again, but Oil prices rise nonetheless - Commerzbank
2025.06.03 19:07
FXStreet is a forex information website, delivering market analysis and news articles 24/7.
It features a number of articles contributed by well-known analysts, in addition to the ones by its editorial team.
Founded in 2000 by Francesc Riverola, a Spanish economist, it has grown to become a world-renowned information website.
Was this article helpful?
We hope you find this article useful. Any comments or suggestions will be greatly appreciated.
We are also looking for writers with extensive experience in forex and crypto to join us.
please contact us at [email protected].
Thank you for your feedback.
Thank you for your feedback.
Most viewed
USD/JPY: Likely to trade in a higher range of 143.30/144.30 - UOB Group
Any further rebound is likely part of a higher range of 143.30/144.30 instead of a sustained advance. In the longer run, price action suggests that USD is still trading in a range, most likely between 142.10 and 145.50, UOB Group's FX analysts Quek Ser Leang and Peter Chia note.
New
2025.06.04 18:38USD rebounds as risk appetite improves - Danske Bank
The US Dollar (USD) caught a bid across G10 FX yesterday as safe-haven flows took a breather amid improved risk sentiment, with the JPY, CHF, and particularly gold weakening, Danske Bank's FX analysts report.
New
2025.06.04 18:36EU's Sefcovic: Had constructive talks with USTR Greer
European Union (EU) Trade Commissioner Maros Sefcovic said on Wednesday that he "had constructive talks with US Trade Representative (USTR) Jamieson Greer."
New
2025.06.04 18:31Silver price today: Silver broadly unchanged, according to FXStreet data
Silver prices (XAG/USD) broadly unchanged on Wednesday, according to FXStreet data.
New
2025.06.04 18:31USD/CAD breaks below 200-DMA, downtrend persists - Société Générale
USD/CAD continues its descent after slipping below the 200-DMA, now hovering near a long-term trend line. While momentum indicators show some signs of stabilization, the technical outlook remains fragile without a clear bounce, Société Générale's FX analysts note.
New
2025.06.04 18:21NZD/USD: Likely to consolidate between 0.5985 and 0.6030 - UOB Group
New Zealand Dollar (NZD) is likely to consolidate between 0.5985 and 0.6030. In the longer run, rapid buildup in upward momentum indicates further NZD strength; the level to monitor is 0.6095, UOB Group's FX analysts Quek Ser Leang and Peter Chia note.
New
2025.06.04 18:11USD/CAD Price Forecast: Tests initial support near 1.3950, followed by nine-day EMA
The USD/CAD pair is retracing its recent gains registered in the previous session, trading around 1.3710 during the European hours on Wednesday. The daily chart's technical analysis suggested a persistent bearish sentiment, as the pair consolidates within the descending channel pattern.
New
2025.06.04 18:07USD: Dollar rebounds, trade and ISM in focus - ING
The US Dollar (USD) showed resilience despite the late-session bounce in Treasury yields, supported by strong April JOLTS job openings. That said, the JOLTS data adds little to the overall jobs picture: the labour market remains tight, while declining quits suggest wage growth is easing.
New
2025.06.04 18:05GBP/JPY Price Forecast: Seems poised to build on momentum beyond 195.00 mark
The GBP/JPY cross builds on the previous day's goodish rebound from the 192.75-192.70 area, or over a one-week low, and gains positive traction for the second straight day on Wednesday.
New
2025.06.04 18:01BoC set to leave interest rate unchanged amid rising inflation and US trade war
Market analysts generally predict that the Bank of Canada (BoC) will keep its interest rate at 2.75% on Wednesday, adding to the pauses recorded at the March and April monetary policy meetings.
New
2025.06.04 18:00Disclaimer:
All information and content provided on this website is provided for informational purposes only and is not intended to solicit any investment. Although all efforts are made in order to ensure that the information is correct, no guarantee is provided for the accuracy of any content on this website. Any decision made shall be the responsibility of the investor and Myforex does not take any responsibility whatsoever regarding the use of any information provided herein.
The content provided on this website belongs to Myforex and, where stated, the relevant licensors. All rights are reserved by Myforex and the relevant licensors, and no content of this website, whether in full or in part, shall be copied or displayed elsewhere without the explicit written permission of the relevant copyright holder. If you wish to use any part of the content provided on this website, please ensure that you contact Myforex.
Myforex uses cookies to improve the convenience and functionality of this website. This website may include cookies not only by us but also by third parties (advertisers, log analysts, etc.) for the purpose of tracking the activities of users. Cookie policy
