Oil

Key Points:  Brent crude oil rises to $82.32 per barrel, and WTI rises to $78.42 per barrel.  US commercial crude oil inventory fell by 1.2 million barrels last week.  EIA raises the 2024 global oil consumption growth forecast by 200,000 …

Key points:  Brent crude futures fell to $79.58, and WTI crude futures dropped to $75.49 per barrel.  Strong US jobs data pushed out expectations for interest rate cuts, strengthening the US dollar.  Call for snap legislative elections by Macron adds …

Key points:  Brent crude futures rise to $79.89 per barrel; WTI crude futures reach $75.59.  Oil prices supported by reassurance from Saudi Arabia and Russia about potential adjustments to supply agreements.  Prices set for the third consecutive week of declines …

Key points:  Bank of Canada cuts interest rates for the first time in four years, signaling more to come.  Canadian dollar (CAD) experiences mixed performance against other currencies following rate cut.  Homeowners across Canada are breathing a sigh of relief …

Key points:  WTI crude futures remain near $73 per barrel, holding at four-month lows.  Brent crude futures hover around $76 per barrel, near three-month lows.  US crude inventories increased by 4.052 million barrels, defying expectations of a 1.9-million-barrel draw.  OPEC+ …

Key points: U.S. job openings fell to a three-year low, signaling potential economic slowdown. Treasury yields declined, while the dollar and safe-haven assets saw gains. The U.S. economy’s recently robust performance may be starting to wane, as indicated by the …

Key points: OPEC+ to discuss maintaining voluntary output cuts of 2.2 million barrels per day. Brent crude futures for July increased slightly to $82.23 a barrel. Oil prices saw minimal movement in early Asian trading on Monday, as market participants …

The Dow Jones and S&P 500 both ended their multi-week winning streaks, a shift driven by economic data that came in hotter than expected. This unexpected resilience in the economy has prompted many to push back their expectations for Federal …

Key Points:  Brent crude futures continued to fall to $81 per barrel, and WTI crude futures dropped to $76 per barrel.  The FOMC meeting minutes indicated the potential for further rate hikes if inflation surges, impacting the demand for crude …

Key Points:  Brent crude futures fell toward $83 per barrel due to Middle East developments.  WTI crude futures also declined to $78 per barrel.  The OPEC meeting on June 1 is crucial for potential production cut rollovers.  On Tuesday, both …