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Crude Oil price today: WTI price bearish at European opening
West Texas Intermediate (WTI) Oil price falls on Wednesday, early in the European session. WTI trades at $65.09 per barrel, down from Tuesday's close at $65.35.Brent Oil Exchange Rate (Brent crude) is also shedding ground, trading at $68.74 after its previous daily close at $68.97.
WTI posts modest gain above $65.00 on rising supply concerns
West Texas Intermediate (WTI), the US crude oil benchmark, is trading around $65.30 during the early Asian trading hours on Wednesday. The WTI edges higher as concerns over supply disruptions increased following strikes on Russian energy sites by Ukraine in the ongoing Russia-Ukraine war.
Europe's Gas storage facilities are filling up - Scotiabank
Europe's Gas storage facilities are filling up: they are now more than 77% full, reducing the gap to the usual filling level (based on the 5-year average) to 8.4 percentage points, Scotiabank's Chief FX Strategists Shaun Osborne and Eric Theoret report.
No further increase in OPEC+ production quotas expected - Commerzbank
This coming weekend, the OPEC+ countries with voluntary production cuts will meet virtually, Commerzbank's commodity analyst Carsten Fritsch notes.
Oil prices rise again - Commerzbank
Oil prices started the month with gains. Brent quickly made up for the 'losses' caused by the contract rollover and broke through the $68 per barrel mark during the course of the day. Due to Labor Day, US markets were closed on Monday, which reduces the significance of yesterday's price movements.
TTF Gas prices climb as Norwegian flows drop - ING
European natural Gas prices edged higher as Norwegian supply disruptions intensified, with extended maintenance at the Troll field cutting flows to Europe.
Attention set to turn to OPEC+ - ING
ICE Brent edged higher yesterday, breaking back above $68/bbl and settling just shy of 1% higher on the day. Yet the upward move came amid thin volumes due to the Labour Day holiday in the US, ING's commodity experts Ewa Manthey and Warren Patterson note.
Crude Oil price today: WTI price bullish at European opening
West Texas Intermediate (WTI) Oil price advances on Tuesday, early in the European session. WTI trades at $64.69 per barrel, up from Monday's close at $64.42.Brent Oil Exchange Rate (Brent crude) is also up, advancing from the $68.05 price posted on Monday, and trading at $68.34.
WTI Price Forecast: Climbs to one-week high; bulls await move beyond $65.00 mark
West Texas Intermediate (WTI) US Crude Oil prices edge higher for the second straight day - also marking the fourth day of a positive move in the previous five - and climb to an over one-week high during the Asian session on Tuesday.
WTI edges lower below $64.50 amid fears of weaker demand
West Texas Intermediate (WTI), the US crude oil benchmark, is trading around $64.50 during the early Asian trading hours on Tuesday. The WTI edges lower amid concerns about weaker global demand following US President Donald Trump's doubling of the existing 25% duty on Indian exports.
WTI consolidates near 100-day SMA as $65 resistance comes into play
West Texas Intermediate (WTI) Crude Oil is rebounding modestly on Monday, trading near $64.45 after logging its first monthly decline since April with a 7.6% drop in August as rising US supply and weaker seasonal demand weighed on sentiment.
Speculators continue to sell WTI - ING
Oil prices settled lower last week despite growing European calls for secondary sanctions on buyers of Russian oil and gas, ING's commodity experts Ewa Manthey and Warren Patterson note.
WTI drifts higher to near $64.00 on Russia-Ukraine supply concerns
West Texas Intermediate (WTI), the US crude oil benchmark, is trading around $63.95 during the early European trading hours on Monday. The WTI recovers some lost ground as rising bets of a Federal Reserve (Fed) rate cut offset pressure from new US tariffs on Indian imports.
Crude Oil price today: WTI price bearish at European opening
West Texas Intermediate (WTI) Oil price falls on Monday, early in the European session. WTI trades at $63.56 per barrel, down from Friday's close at $63.76.Brent Oil Exchange Rate (Brent crude) is stable, hovering around its previous daily close at $67.37.
USD/CAD remains below 1.3750 as Fed rate cut bets weigh on US Dollar
USD/CAD loses ground for the fifth consecutive session, trading around 1.3740 during the Asian hours on Monday. The pair depreciates as the US Dollar (USD) faces challenges amid rising bets of an interest rate cut by the US Federal Reserve (Fed) in the September meeting.
WTI falls to near $63.50 due to oversupply, weaker demand concerns
West Texas Intermediate (WTI) Oil price extends its losses for the second successive session, trading around $63.50 per troy ounce during the Asian hours on Monday. Crude Oil prices decline due to potential for oversupply concerns and weaker demand prospects.
US Oil stocks fell last week, strong demand for Oil products - Commerzbank
According to the US Department of Energy, US crude Oil inventories fell by 2.4 million barrels last week compared to the previous week, Commerzbank's commodity analyst Carsten Fritsch notes.
Significant increase in Russian Oil shipments to India expected in September - Commerzbank
Bloomberg data showed that Russian Oil exports to India fell by almost 40% compared to the previous week to just over 800,000 barrels per day, the lowest level since October 2022, unless there will be an upward revision, Commerzbank's commodity analyst Carsten Fritsch notes.
Russia wants to export more Oil - Commerzbank
There are currently conflicting reports about Russia's Oil supplies, Commerzbank's commodity analyst Carsten Fritsch notes.
Energy: Peace deal hopes fade further - ING
Oil prices rallied after the German Chancellor Merz said it's unlikely that Presidents Zelensky and Putin will meet, providing a blow to hopes for a peace deal between Ukraine and Russia. Given the lack of progress since Putin's summit with President Trump, this isn't a big surprise.
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