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Crude oil price today: WTI price bearish at European opening
West Texas Intermediate (WTI) Oil price falls on Friday, early in the European session. WTI trades at $62.91 per barrel, down from Thursday's close at $63.29.Brent Oil Exchange Rate (Brent crude) is also shedding ground, trading at $66.75 after its previous daily close at $67.10.
WTI Price Forecast: Flirts with 100-hour SMA pivotal support near $63.00 mark
West Texas Intermediate (WTI) US Crude Oil prices drift lower for the third consecutive day on Friday amid growing concerns over slowing US demand and a supply glut in the coming quarters.
WTI edges lower below $63.50 on US economic slowdown fears
West Texas Intermediate (WTI), the US crude oil benchmark, is trading around $63.20 during the early Asian trading hours on Friday. The WTI drifts lower amid concerns over the health of the US economy.
EIA confirms large inventory draw last week - ING
As widely expected, the Fed has resumed cutting interest rates with a 25bp move yesterday. They think three more cuts will be enough to boost growth and prompt a revival in the jobs market, but the market is sceptical.
WTI edges lower below $63.50 on concerns over oil demand
West Texas Intermediate (WTI), the US crude oil benchmark, is trading around $63.40 during the early European trading hours on Thursday. The WTI declines amid concerns over the US economy and excess supplies.
Crude Oil price today: WTI price bearish at European opening
West Texas Intermediate (WTI) Oil price falls on Thursday, early in the European session. WTI trades at $63.38 per barrel, down from Wednesday's close at $63.63.Brent Oil Exchange Rate (Brent crude) is also shedding ground, trading at $67.28 after its previous daily close at $67.53.
WTI drifts lower to near $63.50 amid US demand concerns
West Texas Intermediate (WTI), the US crude oil benchmark, is trading around $63.60 during the early Asian trading hours on Thursday. The WTI edges lower as data showing an increase in US diesel stockpiles stoked worries about demand.
WTI Price Forecast: Oil consolidates between 21-day and 50-day SMAs
West Texas Intermediate (WTI) Crude Oil edges higher during the American session on Wednesday after trimming intraday losses. At the time of writing, WTI is trading near the $64.00 mark, but the recovery lacks follow-through as the commodity struggles to extend gains for the fourth straight day.
API reports Oil inventory draws - ING
After rallying for three days, ICE Brent and NYMEX WTI were seen trading lower in the early trading session today, even as the American Petroleum Institute (API) reported large crude Oil inventory withdrawals in the US, ING's commodity experts Ewa Manthey and Warren Patterson note.
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 $64.05 per barrel, down from Tuesday's close at $64.20.Brent Oil Exchange Rate (Brent crude) is also shedding ground, trading at $68.01 after its previous daily close at $68.18.
WTI Price Forecast: Consolidates around $64.00; technical setup favors bulls
West Texas Intermediate (WTI) US Crude Oil prices struggle to capitalize on strong recovery gains registered over the past three days and tick lower during the Asian session on Wednesday. The commodity, however, defends the $64.00 mark amid concerns over Russian supply disruptions.
WTI extends upside above $64.00 on tighter global supplies, weaker US Dollar
West Texas Intermediate (WTI), the US crude oil benchmark, is trading around $64.25 during the early Asian trading hours on Wednesday. The WTI extends the rally on concerns over Russian supply disruptions and a weaker US Dollar (USD).
Chinese refineries processed more crude oil in August - Commerzbank
Chinese refineries processed 63.46 million tons of crude oil in August, according to data from the National Bureau of Statistics (NBS). This was 7.4% more than in the same month last year, Commerzbank's commodity analyst Carsten Fritsch notes.
Ukrainian drone attack on Russian export terminal causes Oil prices to rise - Commerzbank
Oil prices rose significantly on Friday, recovering from the losses suffered the previous day. The price of Brent crude jumped from its previous low of around $2 to $68 per barre, Commerzbank's commodity analyst Carsten Fritsch notes.
WTI Price Forecast: Oil steadies near $63.50 with bullish bias
West Texas Intermediate (WTI) Crude Oil continues its recovery on Tuesday, marking a third consecutive daily gain as supply risks stemming from fresh attacks on Russian refineries keep the risk premium intact. At the time of writing, WTI is trading around $63.68, up nearly 1.0% on the day.
Only slim chances for tougher US sanctions against Russia - Commerzbank
In order to reduce these permanently, the most important buyers of Russian Oil would have to be deterred from making further purchases, Commerzbank's commodity analyst Carsten Fritsch notes.
US NatGas rallies above $3 on late-season heat - ING
US natural Gas prices climbed with Henry Hub settling above $3/MMBtu, as forecasts for late-season heat boosted cooling demand. The hotter outlook is expected to slow stockpile builds that typically accelerate this time of year, ING's commodity experts Ewa Manthey and Warren Patterson note.
Oil holds steady - ING
Oil prices are trading almost flat this morning as the market has been caught between escalating geopolitical tensions and not particularly supportive fundamentals, 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 $63.19 per barrel, up from Monday's close at $63.04.Brent Oil Exchange Rate (Brent crude) is also up, advancing from the $67.19 price posted on Monday, and trading at $67.28.
USD/CAD remains subdued near 1.3750 due to rising Oil prices, weaker US Dollar
USD/CAD continues to lose ground after registering nearly 0.5% losses in the previous session, trading around 1.3770 during the Asian hours on Tuesday. The pair depreciates as the commodity-linked Canadian Dollar (CAD) could have received support from the improved Oil prices.
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