The Crude oil price remained under pressure last week. On a monthly basis, prices fell by more than five percent, which was the worst performance since December 2023. The oil market has been under pressure in recent weeks, as the increase in borrowing costs for a longer period of time
In the latest crude oil news, crude rose more than 1 percent in quiet trade in the first week of a UK and US bank holiday after the outlook for US interest rates suggested a quiet week for inflation. In addition, US personal consumption (PCE) inflation numbers will be updated
Price Movement and Market Sentiment The Crude oil price, particularly Brent crude and U.S. West Texas Intermediate (WTI) futures, have exhibited notable volatility, reflecting the influence of various macroeconomic factors.Concerns over inflation and the potential impact of prolonged high interest rates have contributed to market uncertainty, with the release of
The Crude Oil News is in and the hottest news there is if the price drop is just the beginning of things to come. The price of oil fell by more than one percent on Wednesday. Prices fell for a third straight day on expectations that a US tax cut
The economic data for the day is in. The dollar rose yesterday after data showed US import prices rose 0.9% last month, adding to market fears that the Federal Reserve’s fight to contain inflation has stalled and could be delayed policy makers from cutting interest rates. The market also was
Natural gas futures hit a 15-week high on Wednesday after production fell following a rise in crude at liquefied natural gas (LNG) export plants. Freeport LNG has restored full service, predicting a warmer than expected next two weeks. The warmer weather should boost the amount of gas power generators burn
The Economic data for the day is as follows. The dollar dropped to multi-month lows on Thursday after U.S. core inflation hit its slowest in three years, pulling forward expectations for rate cuts in the world’s biggest economy and drawing bets that the U.S. currency may have peaked. Monthly inflation
The Economic data for the day is in and it seems like there are a few secrets held by the US CPI and Sales numbers with regards to the future fed rates. Let’s dive in and find out all about that. The dollar traded near a one-month low against the
Crude oil reacted negatively after mixed Chinese inflation data raised doubts about the world’s biggest crude importer, and sentiment was also fragile ahead of this week’s headline US inflation figures. Crude oil prices fell slightly from last week as weak US consumer confidence and forecasts of high inflation fueled concerns
Crude oil prices struggled for the direction on Monday as a ceasefire agreement between Hamas and Israel continued to elude negotiators. Last week, both contracts posted their steepest weekly loss in three months, with Brent drop more than 7% and WTI down 6.8%, weighed by weak U.S. jobs data and
