Western Texas Intermediate (WTI) rebounds from over three-month low, struggling around $77.20 per barrel during the Asian hours on Wednesday as US Dollar aims to recover the losses registered during the previous week. However, Crude oil prices took a dip due to indications of increased supply, with industry data revealing a substantial build in United […]

Considering advanced prints from CME Group for natural gas futures markets, open interest rose for the fourth session in a row at the beginning of the week, this time by around 24.3K contracts. In the same line, volume went up by around 180.1K contracts after three consecutive daily pullbacks. Natural Gas: Next on the downside […]

West Texas Intermediate (WTI) Crude Oil prices struggle to gain any meaning on the first day of a new week and oscillate in a narrow trading band around the $80.70-$80.75 region during the Asian session. The commodity, meanwhile, remains well within the striking distance of its lowest level since August 29 touched on Friday and continues to be […]

Western Texas Intermediate (WTI), the US crude oil benchmark, is trading around $82.60 so far on Friday. WTI prices trade in positive territory for the second consecutive day on the risk appetite in the market and the weaker of the US Dollar (USD). At its November meeting, the Federal Open Market Committee (FOMC) decided to maintain the […]

West Texas Intermediate (WTI) Crude Oil prices trade with a negative bias for the third successive day on Wednesday and languish near a two-month low touched the previous day. The commodity remains depressed below the $81.00/barrel mark through the Asian session and seems poised to weaken further in the wake of easing global supply concerns. Market participants seem […]

Oil market has been rather calm this week. Crude prices dropped at the beginning of the week as Israel held off on the land invasion of Gaza Strip and there was no escalation and spillover of the Israel-Hamas war into other countries in the region.  However, as the weekend is approaching and markets will be […]