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WTI recovers to above $65.50 as US crude inventories drop
West Texas Intermediate (WTI), the US crude oil benchmark, is trading around $65.65 during the early Asian trading hours on Tuesday. The WTI recovers some lost ground after the American Petroleum Institute (API) showed US crude oil inventories fell last week.
Crude Oil markets jitter as US-Russia sanctions debacle heats up
West Texas Intermediate (WTI) Crude Oil prices snapped back and forth during the American market session on Tuesday, before ultimately settling lower as barrel traders struggle to find reasons to remain bullish on Crude Oil demand.
OPEC+ significantly increases oil production again in September - Commerzbank
The eight OPEC+ countries with voluntary production cuts decided on Sunday, as widely expected, to increase the agreed production volume in September by a further 547,000 barrels per day, Commerzbank's commodity analyst Carsten Fritsch notes.
Oil prices under pressure after weak US data - Commerzbank
Oil prices fell by another 2% yesterday after already dropping significantly on Friday. Brent traded at just $68 per barrel at times. That is around $4 less than last Thursday, Commerzbank's commodity analyst Carsten Fritsch notes.
WTI consolidates around mid-$65.00s, just above one-week low set on Monday
West Texas Intermediate (WTI) US Crude Oil prices extend the sideways consolidative price move heading into the European session on Tuesday and remain close to a one-week low touched the previous day.
USD/CAD remains below 1.3800 due to subdued Oil prices, US ISM Services PMI eyed
USD/CAD holds ground after two days of losses, trading around 1.3790 during the Asian hours on Tuesday. The pair moves little as the commodity-linked Canadian Dollar (CAD) struggles amid weaker crude Oil prices.
Crude Oil price today: WTI price neutral at European opening
West Texas Intermediate (WTI) Oil price is neutral on Tuesday, early in the European session. WTI trades at $65.66 per barrel, not far from its Monday close at $65.66.
WTI posts modest losses near $65.50 amid oversupply concerns, Russia uncertainty
West Texas Intermediate (WTI), the US crude oil benchmark, is trading around $65.65 during the early Asian trading hours on Tuesday.
OPEC+ goes with another large supply hike for September - ING
There was little in the way of surprises from OPEC+ over the weekend, as the group increased supply by 547k b/d for September. The market had largely expected the supply hike, one that marks the end of the group returning the full 2.2m b/d of additional voluntary cuts.
WTI climbs to near $67.00 despite persistent concerns over Oil oversupply
West Texas Intermediate (WTI) Oil price rebounds after two days of losses, trading around $66.90 per barrel during the early European hours on Monday.
Crude Oil price today: WTI price bullish at European opening
West Texas Intermediate (WTI) Oil price advances on Monday, early in the European session. WTI trades at $66.70 per barrel, up from Friday's close at $66.64.
USD/CAD struggles near 1.3750 due to improved Oil prices
USD/CAD remains subdued for the second successive session, trading around 1.3770 during the Asian hours on Monday. The pair faces challenges as the commodity-linked Canadian Dollar (CAD) receives support from the slight increase in crude Oil prices.
WTI tumbles to below $66.50 after OPEC+ agrees to another bumper output boost
West Texas Intermediate (WTI), the US crude oil benchmark, is trading around $66.35 during the early Asian trading hours on Monday. The WTI edges lower after the Organization of Petroleum Exporting Countries and allies (OPEC+) approved another increase in oil production, raising oversupply concerns.
OPEC+ agrees to boost oil production by 548K bpd for September, as expected
The Organization of Petroleum Exporting Countries and its allies (OPEC+) on Sunday announced plans to boost oil production by 547,000 barrels per day (bps) for September as concerns mount over potential supply disruptions linked to Russia, Bloomberg reported on Sunday.
WTI retreats from $70 peak, tests key support as geopolitical tensions escalate
West Texas Intermediate (WTI) Crude Oil is under pressure heading into the weekend, with the price sliding over 3% on Friday to trade near $66.70, pulling back from its highest level near $70 since June 23, reached on Wednesday.
Limited options for replacing Russian Oil - Commerzbank
It is not possible to completely replace Russian Oil supplies in any case, which is why effective sanctions would lead to significantly higher Oil prices, Commerzbank's commodity analyst Carsten Fritsch notes.
Indian refineries under pressure for buying Russian oil - Commerzbank
US President Trump has threatened India with punitive tariffs of an unspecified amount on top of the general tariff rate of 25% for purchases of Russian weapons and Russian energy, Commerzbank's commodity analyst Barbara Lambrecht notes.
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 $68.75 per barrel, down from Thursday's close at $68.87.Brent Oil Exchange Rate (Brent crude) is also shedding ground, trading at $71.60 after its previous daily close at $71.68.
WTI remains subdued below $69.00 amid potential impact of upcoming US tariffs on economy
West Texas Intermediate (WTI) Oil price extends its losses for the second successive session, trading around $68.70 per barrel during the Asian hours on Friday.
Funds slash TTF net longs by 32.8TWh in latest week - ING
Investment funds reduced their net long exposure in TTF natural gas by 32.8TWh to 127.5TWh last week. Still, the recent rally in European gas prices suggests fund positioning may have rebounded since the reporting cut-off, ING's commodity experts Ewa Manthey and Warren Patterson note.
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