WTI Oil Falls as Delay in US Strikes Reduces Middle East Supply Concerns
WTI crude oil prices declined sharply on Monday, trading near $92.20 at the time of writing, down more than 5% on the day. Prices dropped from around $100 to an intraday low near $84, marking the weakest level in over a week as tensions in the Middle East showed signs of easing. The fall came […]
WTI Price Forecast: Pullback After Failing to Sustain Above $100
West Texas Intermediate (WTI) crude futures on NYMEX are trading more than 1% lower, hovering near $93.10 during early European trading on Friday. Oil prices are under pressure as easing geopolitical tensions in the Middle East reduce supply concerns. Developments such as Israel’s commitment to avoid targeting Iranian oil infrastructure and the possibility of easing […]
Gold Holds Above $5,000 as Fed Decision and Middle East Risks Keep Markets Cautious
Gold prices steadied above the key $5,000 level during Wednesday’s European session, recovering slightly after a brief dip earlier in the day. Despite this, the metal remains stuck within a narrow range seen since the start of the week, as traders avoid taking strong positions ahead of the upcoming policy decision from the Federal Reserve. […]
Oil Volatility Eases as Supply News Shifts: Deutsche Bank
Oil markets showed signs of stabilizing as price swings narrowed, even though crude continued to trade at elevated levels. According to analysts at Deutsche Bank, Brent crude remained above the $100 mark, but daily fluctuations have started to calm. Prices had recently been pushed higher due to geopolitical tensions and concerns over supply disruptions, including […]
WTI Slides Below $61.00 Amid Ongoing Trade Tensions
West Texas Intermediate (WTI) crude oil, the U.S. benchmark, is trading near $60.80 in early Wednesday trading during the Asian session. The commodity remains under pressure as market participants weigh the impact of U.S. President Donald Trump’s latest tariff measures. On Monday, the Organization of the Petroleum Exporting Countries (OPEC) revised its global oil demand […]
Gold Nears $3,300 as Safe-Haven Demand Remains Strong
Gold prices (XAU/USD) surged to new all-time highs during Wednesday’s Asian session, edging closer to the psychological $3,300 mark. The rally is fueled by persistent safe-haven demand as fears of a prolonged US-China trade war and a potential US recession continue to unsettle global markets. Speculation that the Federal Reserve may cut interest rates up […]
Australian Dollar Holds Steady as US Dollar Softens Ahead of Retail Sales Data
The Australian Dollar (AUD) continued its upward momentum for the sixth straight session on Wednesday, with the AUD/USD pair remaining resilient following the release of Australia’s Westpac Leading Index. The index, which forecasts economic growth over the next three to nine months, showed a slower pace—easing to 0.6% in March from 0.9% in February. Supporting […]