Crude Oil

NEWS DESK

Crude Oil, Gold & Bitcoin React to U.S. Tariffs – Century Financial

News Desk 1 03/02/2025 0

WTI crude oil futures rose to around $73.9 per barrel on Monday after U.S. President Donald Trump imposed tariffs on Canada, Mexico, and China, raising concerns about potential supply disruptions. The U.S. announced tariffs of 25% on goods from Canada and Mexico, and 10% on those from China,

NEWS DESK

Crude oil weakens amid tariff uncertainty– Saxo Bank MENA

News Desk 1 24/01/2025 0

WTI and Brent crude oil prices have spent the past week drifting lower following a very strong start to the year that saw prices gain more than USD 10.00 on a combination of an exceptional cold winter temporarily lifting demand for heating fuels and diesel and, not least, the latest rounds of US sanctions on […]

NEWS DESK

Gold Prices Reach One-Month High – Century Financial

News Desk 1 16/01/2025 0

Oil extended a powerful, early-year advance on mounting concerns about risks to global supplies, and as commercial crude inventories in the US posted their longest run of declines since 2021. Brent crude has rallied 10% since the start of the year, helped by a cold weather fanning demand, the fall in US inventories, and multiple […]

NEWS DESK

Bitcoin Stabilizes After 2024 Surge as Traders Weigh Regulatory Concerns and Slower Rate Cuts – Century Financial

News Desk 1 02/01/2025 0

Oil prices experienced an uptick on Thursday following the release of data indicating a decline in U.S. oil inventories last week. Traders, however, remained cautious as they contemplated the market outlook for the upcoming year. The American Petroleum Institute (API) reported on Tuesday that U.S. oil inventories dropped by 1.4 million barrels last week. Such […]

NEWS DESK

Crude Oil and Bitcoin Surge Amid Geopolitical Tensions and Crypto Optimism – Century Financial

News Desk 1 20/11/2024 0

Crude oil futures in European morning hours Wednesday were climbing higher as the escalating geopolitical situation around Russia continued to dominate. Moscow has threatened to respond after Ukraine fired a US long-range missile into Russian territory, coming after the Biden administration lifted restrictions on their use. The Kremlin also announced a change in its

NEWS DESK

What Could Make the Trump Presidency Mostly Bearish for Crude Oil?

News Desk 2 26/07/2024

Mohamed Hashad, Chief Market Strategist, Noor Capital A second Donald Trump presidency after the election on November 5th would be generally negative for the oil market, albeit it would probably have a limited impact. Even while Trump seems to have a more pro-oil and gas agenda than a Democratic contender, it would take a year […]

NEWS DESK

Three factors behind soaring oil prices

News Desk 2 29/05/2024

Crude oil prices saw a noticeable surge, with the price of West Texas Intermediate crude exceeding the $80 per barrel barrier, Brent oil rose to more than $84.19 per barrel, while energy markets are closely watching recent developments in particular OPEC and its allies’ actions within the framework of OPEC +, In this comprehensive analysis, […]

NEWS DESK

Crude oil prices rose to nearly 12-week high – Saxo Bank MENA Weekly Market Report

News Desk 1 29/01/2024

Summary: US PCE inflation data for December continued to support the notion of a disinflation trend. Despite reaching an intra-day record high at 4,907, the S&P 500 pulled back, closing the Friday session at 4,891, down 0.1%, primarily due to weakness in the information technology sector. The Nasdaq 100 declined by 0.6%, with Intel having […]

NEWS DESK

Crude Oil Price to Fly in 2024?

News Desk 1 21/01/2024

While the Ukrainian-Russian conflict is starting to slow down, causing less pressure on oil and gas prices, the events following October 7th have stirred things up again in the Middle East, especially with Houthis in Yemen keeping a tight hold on the Red Sea and the escalation of “Operation Prosperity Guardian”. Real concerns about these […]