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WTI drops below $71.50 after the first US election results
West Texas Intermediate (WTI), the US crude oil benchmark, is trading around $71.35 on Wednesday.
Oil production in Iraq fell to the agreed level in October according to a survey - Commerzbank
According to a Reuters survey, oil production in Iraq fell to just under 4 million barrels per day in October, thus meeting the requirements of the OPEC+ agreement without taking the promised compensatory cuts into account.
OPEC+ postpones planned production increase until the end of the year - Commerzbank
The OPEC Secretariat announced over the weekend that the voluntary production cuts of eight OPEC+ countries would be maintained in full until the end of the year.
Crude Oil holds up amid Saudi Aramco lower profits, storm Rafael threatening Gulf region
Crude Oil price ticks up on Tuesday for a second consecutive day, further banking on the delay in Oil production normalization by OPEC+. Lower supply could also be on the cards due to chances of disruption in the US Gulf region as tropical storm Rafael
USD/CAD depreciates toward 1.3850, possibly due to stable Oil prices on US election day
USD/CAD extends its losses for the second successive session, trading around 1.3880 during European hours on Tuesday.
USD/CAD hovers around 1.3900 due to market caution ahead of US presidential election
The USD/CAD pair maintains its position around 1.3900 during Tuesday's Asian session, as traders exercise caution amid heightened uncertainty over the US presidential election outcome.
WTI inches lower to near $71.00 ahead of US presidential election
West Texas Intermediate (WTI) Oil price edges lower due to uncertainties surrounding the results of the US presidential election on Tuesday.
OPEC+ agrees to delay the unwind its voluntary production cuts - TDS
All systems are a go with strong tailwinds for the set-up in crude markets in the imminent term, TDS' Senior Commodity Strategist Daniel Ghali note.
Crude Oil surges after OPEC confirms delay of supply restart
Crude Oil price sprints higher on Monday on the back of an OPEC statement in which the Oil cartel says it has agreed to delay its foreseen production restart until at least December.
USD/CAD falls to near 1.3900 amid higher crude Oil prices, US election in focus
USD/CAD offers gains from the previous two days, trading around 1.3900 during the Asian hours on Monday.
WTI moves above $70.00 after OPEC+ delay in output increase, eyes on US election
West Texas Intermediate (WTI) Oil price appreciated more than 1% on Monday, trading around $70.20 per barrel during Asian hours.
OPEC+ extends oil production cuts until the end of December
A larger group called OPEC+, consisting of OPEC members plus other oil-producing countries, have agreed to extend their oil production cut to 2.2 million barrels per day (bpd) until the end of December 2024.
Oil: A price increase is likely - Commerzbank
The outcome of the US presidential election is also likely to have an impact on the oil market.
WTI hits fresh highs above $71,00 on revived geopolitical fears
Oil prices are appreciating for the third consecutive day on renewed concerns about escalating tensions in the Middle East.
Possible Iranian attack on Israel pushes oil prices up - Commerzbank
Oil prices rose by almost 2% today. The rise was caused by news that Iran is planning an attack on Israel in the coming days, Commerzbank's commodity analyst Carsten Fritsch notes.
WTI remains above $70.00, upside potential appears due to rising Middle-East tensions
West Texas Intermediate (WTI) Oil price holds steady on Friday during Asian trading hours, around $70.20 per barrel, following gains in the previous session.
Are crude oil markets fairly valued? - TDS
Clearly, the market has now nearly priced out the entire rise in supply risk premia associated with the conflict in the Middle East.
USD/CAD hovers around three-month highs near 1.3950, awaits US PCE inflation, Canada GDP
USD/CAD appreciates to near its three-month high of 1.3940, recorded in the previous session, trading around 1.3920 during Thursday's European session.
WTI remains below $69.00, upside potential appears due to US Oil demand
West Texas Intermediate (WTI) Oil price dips slightly to around $68.70 during Thursday's Asian trading hours.
USD/CAD remains above 1.3900 near three-month highs, eyes on US GDP
The USD/CAD pair pulls back from its three-month high of 1.3929, recorded in the previous session, trading around 1.3910 during Wednesday's European session.
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