Tag Archives: Crude
Oil Prices Rebound on Geopolitical Tensions and Strong U.S. Job Data
Brent crude oil futures rose 1% on Thursday, settling at $79.16 per barrel. The increase was built upon a 2.4% gain from the previous session. Several factors supported the upward movement, including positive U.S. job data, which eased fears of a recession. In the US, weekly jobless claims fell to 233,000 for the week ending […]
Crude Markets Stabilize Amid Israeli Withdrawal, Revival of Peace Negotiations
Brent crude futures dropped over 1% to under $90 per barrel on Monday, with the reduction in Middle East tensions having a greater impact than the anticipated tightening of worldwide supply. The decrease in hostilities became apparent as Israel pulled additional forces out of Southern Gaza, presumably reacting to mounting global pressure. Moreover, the resumption […]
Focus on WTI OIL today – 9th January 2024
Comprehensive WTI OIL Analysis for January 9, 2024 In this comprehensive analysis, Ultima Markets brings you an insightful breakdown of the WTI OIL for 9th January 2024. WTI OIL Key Takeaways WTI OIL Technical Analysis WTI OIL Daily Chart Insights WTI OIL 1-hour Chart Analysis Trading Central Pivot Indicator Conclusion
Crude Oil Prices Decline as Saudi Implement Reductions
Crude Oil Prices: Navigating the Current Landscape The global crude oil market witnessed a significant downturn on Monday, with WTI crude futures experiencing a 5% decline, bringing prices closer to $70 per barrel. This unexpected shift can be attributed to strategic price reductions implemented by Saudi Arabia and a notable surge in OPEC output, which […]