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WTI Trades Around $78.50 With A Positive Sentiment After Israel's Strike On Rafah City
Article By:
Akhtar Faruqui
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Tuesday, May 7, 2024 2:00 AM EDT
West Texas Intermediate (WTI) crude oil price hovers around $78.50 per barrel during the Asian trading hours on Tuesday. The Oil prices experienced a slight increase following Israel's strike on Rafah in Gaza.
The Coming Days Might See Market Bears In Hibernation Allowing Bulls To Run Free
Article By:
Stephen Innes
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Monday, May 6, 2024 6:05 PM EDT
Too many” textbook” economists still adhere to the conventional belief that higher rates stifle economic growth.
Will The Nigerian Naira Rebound From Its Current Bottom?
Article By:
Michael Kuchar
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Monday, May 6, 2024 11:11 AM EDT
The Nigerian Naira has faced significant devaluation pressures in recent years. This article looks into whether the current position of the Naira will improve or not.
In this article: NGNM
Weekly Commentary: Instability
Article By:
Doug Noland
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Sunday, May 5, 2024 5:08 AM EDT
Powell is a dove which should not have surprised us. There was justification for market expectations of a more hawkish FOMC and Chair. Inflation has been sticky, and the current trajectory unclear.
May 2024 Monthly
Article By:
Marc Chandler
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Saturday, May 4, 2024 9:58 AM EDT
The resilience of the US economy and stickiness of price pressures spurred a reassessment of the trajectory of Fed policy. This sparked a sharp rise in US interest rates and extended the dollar’s advance.
Softs Report - Friday, May 3
Article By:
Jack Scoville
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Friday, May 3, 2024 2:45 PM EDT
Cotton was lower again yesterday, and trends remain down in the market. Demand remains a problem. The export sales report showed poor sales once again, and demand is not likely to improve with the US dollar stronger.
In this article: CANE
WTI Remains Under Selling Pressure Below $81.00 Amid Unexpected Oil Stockpile Build
Article By:
Lallalit Srijandorn
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Wednesday, May 1, 2024 1:40 AM EDT
Western Texas Intermediate (WTI), the US crude oil benchmark, is trading around $80.80 on Wednesday. The black gold edges lower on rising crude inventories in the United States and easing geopolitical tensions in the Middle East.
WTI Crude Oil Weekly Forecast: Slight Move Higher
Article By:
Robert Petrucci
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Sunday, April 28, 2024 5:37 AM EDT
WTI Crude Oil finished last week’s trading within the stronger part of its weekly technical chart and may remain a speculative favorite in the coming days.