WTI Crude Oil

Crude Oil Futures Face Sharp Declines Crude oil futures took a sharp hit last week, with both Brent and West Texas Intermediate (WTI) crude dropping over 7%, marking their largest weekly declines in more than a month. This selloff was driven by weaker demand forecasts from China and reduced fears of supply disruptions in the […]

Gold prices fell more than 1% as the dollar stabilized. Oil prices dropped more than $1, marking the fifth day of decline and setting a new four-month low

Weaker-than-expected US economic data strengthened expectations of a Fed rate cut, leading to a drop in the dollar and bond yields and helping gold rebound

A downward revision of the U.S. Q1 GDP data weakened the dollar and U.S. Treasury yields, helping gold rebound after hitting a three-week low.

Stronger dollar, rising US Treasury yields, and hawkish comments from Fed officials dampened market sentiment, causing spot gold to fall to a two-week low.

Aided by a weaker dollar and safe-haven buying due to geopolitical concerns, gold prices continued to rebound, recording three consecutive daily gains.

On Monday, gold prices rebounded by nearly 1%, influenced by geopolitical tensions and a weaker dollar.

Crude Oil has officially posted its sixth consecutive weekly gain, marking the longest streak since the start of the Russia-Ukraine war. The price of WTI crude oil reached over USD 82 per barrel, its highest level since April 2023. These recent crude oil price fluctuations might spark a global energy war. The Russia-Ukraine conflict shook […]

In this article, we will examine the main reasons behind OPEC+’s move to cut output and the implications it has had on the oil market

This year, the global oil and gas situation has been stirred by multiple factors including geopolitical, market, and economic risks.