US West Texas Intermediate (WTI) crude oil futures were at $59.00 per barrel at 0014 GMT, down 93 cents, or 1.6 per cent from their last settlement.
brent crude
Gold Prices Surge Today, Silver Rates Also Rise: FOMC In Focus
The two-day FOMC meeting begins Tuesday morning and ends Wednesday afternoon with a statement. The FOMC is expected to slightly raise U.S. interest rates at this meeting. Fed Chairman Jerome Powell will also hold a press conference after the meeting. As usual, the marketplace will parse the Fed’s wording for clues on the pace of future Fed rate hikes and the Fed’s inflation expectations.
MCX Crude Stop Loss Hit 4933 Crude Call Closed – Neal Bhai Reports
MCX Crude Stop Loss Hit 4933 Crude Call Closed – Neal Bhai Reports
The recent gains in WTI and Brent were a treat for investors and a boon for oil bulls. The original catalyst for this most recent rally was a bullish inventory report, with the EIA announcing that inventories at Cushing, Oklahoma, had declined by 5.8 million barrels. A larger than expected drop of 600,000 bpd in Iranian exports helped to drive prices higher still. Finally, the maiden speech of the Fed’s new chairman, Jay Powell, served to weaken the dollar and send oil prices upwards once again.
Emerging Markets The Silver Lining in Global Turmoil – Gold Silver Reports
Gold Silver Reports (GSR) – Stocks faltered and bonds rose on Wednesday as US President Donald Trump’s political position was threatened by the criminal convictions of two former advisers, while the US dollar headed for its sixth straight day of losses. Investors had a lot to digest with the conviction of Trump’s former campaign chairman on eight counts of financial wrongdoing and a guilty plea by his former personal lawyer in separate cases.
Crude Oil Slip But Markets Remain Hold Above $71
Gold Silver Reports (GSR) – Crude Oil Slip But Markets Remain Hold Above $71 — U.S. West Texas Intermediate (WTI) crude futures were at $72.54 a barrel at 0253 GMT….., down 22 cents…, or 0.3 percent from their last settlement.
OPEC Nears Deal on Oil-Supply Boost After Saudi-Iran Talks
Gold Silver Reports (GSR) – Iranian Oil Minister Bijan Namdar Zanganeh said he had a good meeting with his Saudi counterpart in Vienna on Friday and he wasn’t feeling pessimistic about the possibility for a compromise — a reversal of his position on Thursday night. After a tumultuous few weeks that have whipsawed crude markets, his comments suggested oil consumers from the U.S. to India and China could soon find some relief from high prices.
Brent Crude Price Rises To $80 For First Time In Nearly 4 Years
Gold Silver Reports (GSR) – Brent Crude Rises To $80 For First Time In Nearly 4 Years – Brent Crude rose to $80 per barrel, its highest level since Nov. 2014.
Crude Oil edges up on North Sea pipeline outage
Gold Silver Reports – Crude Oil prices inched up on Wednesday, supported by expectations of a fall in U.S. crude inventories and by the ongoing outage of the North Sea Forties pipeline system.
Crude Oil Traders Snap Up Bullish Options for $80 Brent Next Year
Gold Silver Reports – Oil traders are increasingly betting that Brent crude will climb to $80 a barrel from the middle of next year, as OPEC and its allies prepare for a second year of output cuts amid simmering geopolitical tensions.
Brent Oil Continues to rise – Analysis – 12 April 2017
Brent oil price resumes its positive trading after leaning on the intraday bullish channel’s support yesterday, to support the continuation of the rise in the upcoming sessions, we believe that the way is open for heading towards the recently recorded top at 58.36 as a next main target.