West Texas Intermediate (WTI) US Oil trades around $59.50 on Friday at the time of writing, up 1.60% on the day, after hitting a daily high at $60.47. The WTI Crude Oil recovers after a Ukrainian drone strike damaged an Oil depot at Russia’s Black Sea port of Novorossiysk, one of the country’s key export hubs.
Crude Oil news
Crude Oil prices slide on Ukraine aid pause, tariffs and OPEC+ output increase
Crude oil prices continued to fall in on Tuesday after U.S. President Donald Trump paused military aid to Ukraine and as markets braced for U.S. tariffs on Canada, Mexico and China to take effect.
Crude Oil prices dip as traders await progress on push for Ukraine peace deal
Crude Oil prices extended last week’s losses on Monday as investors awaited clarity on talks to end the war in Ukraine and weighed up the prospect of a resumption in crude exports from northern Iraq.
Crude Oil dips on pending Kurdistan supply resumption
Crude Oil prices slipped in early trade on Monday, extending losses from last week, on the prospect of a resumption of exports from Kurdistan’s oilfields, while investors awaited clarity on talks to end Russia’s war on Ukraine.
मंदी की आशंका, केंद्रीय बैंक द्वारा दरों में बढ़ोतरी से इस सप्ताह कच्चे तेल में गिरावट आई है
Crude Oil News Today: दुनिया भर में केंद्रीय बैंक की ब्याज दरों में बढ़ोतरी के बाद मई की शुरुआत के बाद से कच्चे तेल (Crude Oil) में सबसे बड़ी साप्ताहिक गिरावट आई है और फेडरल रिजर्व ने भविष्य में और संभावित दरों में बढ़ोतरी का संकेत दिया है, जिससे वैश्विक आर्थिक मंदी की आशंका पैदा हो गई है।
MCX Crude oil August futures may slip to Rs 7500/bbl ahead of OPEC+ Meeting; Libyan Output Continues to Rise
WTI Crude oil futures saw the best week in nine and rose more than 4%, as tight supplies more than offset worries over an economic slowdown. Weak dollar index post the Fed meeting on expectations of less aggressive rate hikes coupled with better than expected inventory data aided the black gold. EIA crude oil inventories declined by 4.523 million barrels in the week ended 22nd July, the most in 8 weeks and four times more than forecasts for a 1.037 million barrel fall.
Crude Oil Futures Curve at Risk of More Weakness as Demand Wanes
The U.S. oil futures curve is showing signs of strain and may soften further in the coming weeks with Asian refiners’ appetite for American barrels diminishing.