Commodities Category

December 16, 2024
WTI Crude Oil Hovers Near $70.50 Amid Supply Concerns and Demand Optimism

WTI Crude Oil Hovers Near $70.50 Amid Supply Concerns and Demand Optimism West Texas Intermediate (WTI) crude oil prices eased slightly after recent gains, trading around $70.50 per barrel during Monday’s Asian session. The pullback comes as markets digest growing supply threats and potential demand boosts, setting the stage for possible upside momentum in the

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December 12, 2024
WTI Rises Toward $70.00 on China Stimulus Hopes and New EU Sanctions Against Russia

WTI Rises Toward $70.00 on China Stimulus Hopes and New EU Sanctions Against Russia West Texas Intermediate (WTI), the US crude oil benchmark, edged higher on Thursday, trading near $69.95. The price gains are driven by expectations of further Chinese economic stimulus and concerns over tighter global crude supplies stemming from new sanctions on Russia

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December 9, 2024
WTI Rebounds from Multi-Week Low, Nearing Mid-$67 Range

WTI Rebounds from Multi-Week Low, Nearing Mid-$67 Range West Texas Intermediate (WTI) crude oil shows signs of resilience early this week, recovering from a three-week low touched on Friday. The commodity trades just below the mid-$67.00 range, posting a modest 0.60% gain for the day and snapping a three-day losing streak. OPEC+ Supply Moves and

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December 5, 2024
WTI Crude Remains Pressured Below $68.50 as Markets Await OPEC+ Meeting

WTI Crude Remains Pressured Below $68.50 as Markets Await OPEC+ Meeting West Texas Intermediate (WTI) crude oil prices remain under modest selling pressure for the second consecutive day on Thursday, erasing a significant portion of weekly gains. During the Asian session, WTI trades below $68.50, down 0.30% for the day, with downside risks cushioned ahead

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December 2, 2024
WTI Crude Oil Prices Dip Below $68.50 Amid Stronger USD and Anticipation of OPEC+ Meeting

WTI Crude Oil Prices Dip Below $68.50 Amid Stronger USD and Anticipation of OPEC+ Meeting West Texas Intermediate (WTI) crude oil is trading near $68.25 on Monday, pressured by a strengthening US Dollar (USD) and ongoing market uncertainty. A firmer USD, which makes USD-denominated commodities like oil more expensive for holders of other currencies, weighs

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