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Oil prices retreated as a 7.1 million barrel rise in U.S. crude inventories eased immediate supply fears. The pullback follows an overbought rally, though persistent Middle East supply risks and Red …
US crude oil inventories surged by 7.14 million barrels for the week ending September 11th. Gasoline and distillate stockpiles also climbed, while domestic crude production rose to 13.947 million bpd…
Sugar prices reversed early gains as a weaker Brazilian real sparked liquidation, despite initial support from a 2% surge in WTI crude oil. Rising energy prices continue to incentivize Brazilian mill…
WTI crude pulled back 2.4% to settle at $100.05 a barrel, securing a 9.4% weekly gain. The daily dip reflects profit-taking and IEA demand concerns, but escalating Middle East tensions and Houthi str…
Brent crude tumbled nearly 4% below $105 as Iran and Gulf states planned diplomatic talks in Oman regarding Strait of Hormuz shipping. Additionally, the IEA and OPEC slashed long-term global oil dema…
U.S. diesel prices hit record highs above $6 per gallon, forcing independent truckers to sideline rigs. Meanwhile, WTI crude retreats nearly 3% following an eight-session winning streak amid lingerin…
WTI crude slipped 1.4% to $101.02 but remains on track for a 10% weekly gain. Despite an intraday pullback and upcoming diplomatic talks regarding Strait of Hormuz shipping, escalating threats to Sau…
Commerzbank rates strategists maintain a cautious stance on bond duration as yields struggle to range-bind. The bank notes that crude oil prices remain under persistent pressure alongside a laissez-f…
Oil prices climbed in Asian trade amid fears of Middle East supply disruptions. Iran targeted three oil tankers in the Strait of Hormuz following U.S. strikes on Iranian vessels, heightening risks of…
Crude oil benchmarks show mixed intraday performance as Brent slightly slips 0.16% while WTI gains 0.49%.
Brent crude climbed above $96 per barrel to reach six-week highs amid Middle East tensions and reduced Strait of Hormuz tanker traffic. Despite higher Iraqi exports, Russian planned output cuts and g…
Eurozone government bond yields retreated from multiyear highs, pressured lower by softening crude oil prices and dovish remarks from NY Fed President John Williams downplaying the immediate necessit…
Brent crude held above $95 per barrel as investors monitored escalating US-Iran hostilities near the Strait of Hormuz. While crude shipments continue through the waterway, geopolitical risks and a 4.…
Oil futures climbed for a third consecutive session driven by escalating U.S.-Iran tensions and a larger-than-expected 4.5 million barrel draw in U.S. crude inventories. Record-low seasonal diesel st…
Renewed Middle East hostilities are pushing oil and gas prices higher, strengthening the US dollar while pressuring the euro to two-week lows amid concerns over inflation and potential Fed rate hikes.
WTI crude oil rose over 2% to a one-week high following renewed US-Iran military strikes threatening Strait of Hormuz shipping. Escalating Ukrainian attacks on Russian oil infrastructure and an IEA r…
Crude oil jumped above $86 as Middle East tensions flared following US strikes on Iranian targets and threats to Kharg Island. A supertanker mine explosion in the Strait of Hormuz and Ukrainian drone…
Crude oil prices dropped 3% to a one-week low, driving weakness across energy-linked commodities. Lower crude prices reduce ethanol profitability, prompting global sugar mills to divert cane crushing…
WTI crude oil fell 3% to one-week lows on signs of de-escalation in Middle East tensions. The planned return of US diplomats to regional embassies and increasing tanker traffic through the Strait of …
WTI crude oil dropped over 3% to settle at $82.36 per barrel as tightening U.S. sanctions increased expectations of negotiations with Iran. Concurrently, talks between Iran and Oman regarding a safe …