February 8, 2023 New Delhi, India WTI Price Holds Steady Amid Geopolitical Tensions West Texas Intermediate (WTI) oil price remains relatively stable as geopolitical tensions escalate, influenced by developments in the Israel-Hamas conflict and fluctuations in crude oil stockpiles. Israel Rejects Hamas Ceasefire Offer Israeli Prime Minister Benjamin Netanyahu’s dismissal of Hamas’ ceasefire offer has…
January 16, 2023 New Delhi, India WTI Prices In recent developments, the West Texas Intermediate (WTI) crude oil price has surged to $72.70 per barrel, driven by a confluence of geopolitical events affecting the energy landscape. Supply Disruptions in the Red Sea: The Red Sea is experiencing supply disruptions due to attacks by Yemen’s Houthi…
Following the largest daily increase in ten months, bulls take a pause as WTI crude oil records slight losses below $73.00. In doing so, the Oil traders find it difficult to celebrate the upside breakout of the 10-DMA and three-week-old descending trend line from the previous day. Yet, the bullish MACD signals and consistent trading…
Prices for West Texas Intermediate (WTI) fell to levels last seen in December 2022, with the $66 level serving as the bottom for the three-day steep slide. On Thursday, a backup plan was introduced in response to Credit Suisse’s deteriorating financial situation, providing momentary reprieve. After Silicon Valley Bank’s (SVB) controversy, Credit Suisse was the…
August 30, 2024 New Delhi, India WTI Oil Prices West Texas Intermediate (WTI) Oil prices continue to rise, trading around $75.50 per barrel during Friday’s Asian session, driven by growing supply concerns in the Middle East. Key factors behind this increase include Libya’s halted Oil exports and Iraq’s plans to cut Oil production starting next…
July 17, 2024 New Delhi, India WTI Oil Prices Analysis West Texas Intermediate (WTI) crude oil prices edged closer to $80 per barrel, bolstered by a significant decline in US oil stockpiles. The American Petroleum Institute (API) reported a substantial drop of 4.4 million barrels for the previous week, contrasting sharply with expectations. This news…
January 12, 2023 New Delhi, India Geopolitical Tensions Propel WTI Crude Oil Prices In a dynamic turn of events, West Texas Intermediate (WTI) crude oil prices experienced a significant surge, primarily fueled by a mix of geopolitical tensions and positive trade data from China. 1. Military Strikes Escalate Concerns The escalation began as the United…
August 10, 2024 New Delhi, India Oil Price Surge Oil markets experienced a significant uptick this week, with prices rising over 3% amid encouraging U.S. economic data and growing expectations of a potential Federal Reserve rate cut. The combination of these factors, along with ongoing geopolitical tensions, has provided a strong foundation for the rally,…
August 8, 2024 New Delhi, India WTI Price West Texas Intermediate (WTI) Oil has retraced its recent gains from the previous session, trading around $74.00 during the early European hours on Thursday. Despite the dip, crude oil prices might regain support from rising concerns about supply constraints due to ongoing geopolitical tensions in the Middle…
July 31, 2024 New Delhi, India West Texas Intermediate (WTI) crude oil prices are trading around $76.5 per barrel, recovering from an eight-week low of $74.24 recorded on Tuesday. The rebound is primarily driven by escalating geopolitical tensions in the Middle East, which pose significant risks to oil supply. Key Highlights: Geopolitical Tensions: The Israeli…
