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Pump-Prices Surge To 6-Month Highs Ahead Of CPI, Crude Inventories See Another Build
Article By:
Tyler Durden
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Tuesday, April 9, 2024 7:35 PM EDT
Crude prices slipped lower today, but never recovered, as traders weighed prospects for a ceasefire in Gaza against ongoing risks to oil supplies in the Middle East.
The Commodities Feed: Another Record For Gold
Article By:
ING Economics
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Tuesday, April 9, 2024 12:00 AM EDT
The oil market appears to be running out of momentum in the absence of any new catalysts, meanwhile, spot gold prices hit record highs once again yesterday. However, where gold prices go from here will largely depend on US CPI data later this week.
WTI Gains Momentum Above $86.00 Amid Ongoing Middle East Geopolitical Tensions, Weaker US Dollar
Article By:
Lallalit Srijandorn
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Monday, April 8, 2024 9:20 PM EDT
Western Texas Intermediate, the US crude oil benchmark, is trading around $86.25 on Tuesday. The weaker US Dollar and the ongoing geopolitical tensions in the Middle East conflict raise concerns about the crude supply disruption.
Smart Money Is Moving Into Oil Amid Rising Global Tensions
Article By:
Michael Carr
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Friday, April 5, 2024 1:00 AM EDT
War in the Middle East can quickly escalate, cutting off oil flows from a critical region. War in the Ukraine also threatens the global oil supply. The smart money in the oil market has noticed this.
WTI Rises To Near $86.20 On Reports Of Threats Against Israeli Embassy
Article By:
Akhtar Faruqui
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Friday, April 5, 2024 12:20 AM EDT
West Texas Intermediate (WTI) oil price seems to extend its winning streak that began on March 27, buoyed by escalating geopolitical tensions and the looming possibility of disruptions in oil supply.
War Drums Beat: Growing Sense Of Widespread Geopolitical Unease
Article By:
Stephen Innes
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Thursday, April 4, 2024 10:22 PM EDT
Let's hope for a peaceful resolution around the world and a gentle arrival of AHE.
WTI Stands Tall Near Multi-Month Peak, Just Above $85.00/Barrel Mark
USD/CAD Remains Under Selling Pressure Below 1.3530 Amid Weaker US Dollar, Higher Oil Prices
Article By:
Lallalit Srijandorn
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Wednesday, April 3, 2024 9:50 PM EDT
The USD/CAD pair trades on a softer note near 1.3520 on Thursday during the early Asian trading hours. The rise of crude oil prices to their highest levels since October boost the commodity-linked Loonie.
Supply Chain Woes Rock The Boat
Article By:
Stephen Innes
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Wednesday, March 27, 2024 1:21 AM EDT
USDJPY lurched higher after the Tokyo and CNY Fix and is on a collision course to test 152.00, which is a big round number and a level of importance in many minds.