Crude Oil

NEWS DESK

Crude oil caught between supply surge and geopolitical tensions – Saxo Bank

PR News Desk 07/08/2025

The global crude oil market continues to navigate a complex web of supply pressures and geopolitical crosswinds, with prices holding up surprisingly well despite expectations of an emerging supply glut once the peak summer demand season comes to an end, driven by rising OPEC+ output and fading

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Crude Oil Holds Strong Amid OPEC+ Hike and Geopolitical Risks; Crypto and Gold Rally on Fed Cut Hopes : Comments from Century Financial

PR News Desk 04/08/2025

Despite OPEC+’s planned production increase in September, the crude oil market displays underlying bullish momentum. Today, Brent and WTI both rebounded by 0.68% to $69.50 and $66.90 respectively, defying previous session losses, underscoring market resilience. While the 547,000 bpd increase from OPEC+ (part of a larger 528,000 bpd total quota adjustment) aims to

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Bitcoin Consolidates, Gold Slips Amid Risk-On Sentiment : Comments from Century Financial

PR News Desk 23/07/2025

Crude oil prices edged higher today as investors digested fresh developments in U.S. trade policy. Brent climbed by 0.15% toward $68 after a three-day retreat, while WTI increased by 0.32% near $65.30. The gains followed President Trump’s announcement of new tariff agreements—19% with the Philippines and 15% with Japan.Adding to the momentum, U.S. Treasury Secretary […]

NEWS DESK

Geopolitical Uncertainty Creates Tug-of-War in Oil Markets : Comments from Century Financial

PR News Desk 21/07/2025

Oil prices remained largely stable on Monday, with Crude trading at $68.60 and WTI at $65.85, balancing new European sanctions targeting Russian oil with concerns that escalating tariffs could stifle fuel demand, even as OPEC producers increase output. The EU’s 18th sanctions package aims to cut Russia’s oil revenues by banning imports of petroleum products

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Bitcoin crossed the $120,000 level for the first time : Comments from Century Financial

PR News Desk 14/07/2025

Bitcoin crossed the $120,000 level for the first time on Monday, marking a major milestone for the world’s largest cryptocurrency as investors bet on long-sought policy wins for the industry this week. Starting on Monday, the U.S. House of Representatives will debate a series of bills to provide the digital asset industry with the nation’s […]

NEWS DESK

Energy Markets on Edge : Comments from Century Financial

PR News Desk 16/06/2025

Crude prices extended Friday’s surge in early Monday trade but failed to hold higher levels, with WTI retreating to $71.56 and Brent easing to $73.25 after jumping over 13% intraday on Friday. The rally, driven by escalating Israel-Iran tensions, briefly pushed prices to multi-month highs before profit-taking and cooling momentum pulled them back toward last […]

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Gold Hits 4-Week High : Comments from Century Financial

PR News Desk 03/06/2025

In yesterday’s session, oil rallied by almost 4%, settling at $63.27 for the day. This was mainly driven by the worst fears of significant output increases not materializing as expected. On the geopolitical front, Russia and Ukraine completed a second round of talks in Istanbul, which did not bring them closer to ending the war. […]

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Gold Pauses After Record Run; Oil Tests Resistance After Double Bottom Breakout : Comments from Century Financial

PR News Desk 19/05/2025

WTI oil prices rose after exhibiting a double bottom pattern on the daily and weekly charts, closing the last week with a 2.05% gain. Although the start of the week showcased a strong performance, prices tested a resistance near the $63.5 level, where the 50-EMA also lay, and dipped to test the $60 level on […]

NEWS DESK

Gold Dips 1.1% on Risk-On Sentiment : Century Financial

PR News Desk 13/05/2025

WTI rose slightly by 0.1% and is currently trading at $62.2.From a fundamental standpoint, the US and China agreed on a much-anticipated trade agreement. According to the deal, the US and China agreed to slash reciprocal tariffs for 90 days. China will cut tariffs on the US to 10% from 125% for 90 days. The […]

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Gold Gains Nearly 19% YTD as Trade and Rate Uncertainty Persist – Century Financial

PR News Desk 02/04/2025

WTI crude oil futures fell below $71 per barrel on Wednesday as markets braced for US reciprocal tariffs that could escalate the global trade war. The White House did not disclose details on the size or scope of the tariffs but stated they would take effect immediately after being unveiled on Wednesday. President Trump also […]

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Crude oil: Sanctions threat counters tariff-driven demand worries – Saxo Bank MENA

PR News Desk 26/03/2025

Crude oil futures continue to recover from a USD 14 selloff that began in January following Trump’s combative inauguration speech, which signalled an inward political focus combined with aggressive trade policies, including tariffs, that were meant to Make America (not the world) Great Again. His speech and subsequent action, including his “drill, baby,

NEWS DESK

Gold rose by 0.18% today – Century Financial

PR News Desk 19/03/2025

WTI crude oil futures extended its recent decline toward $66 per barrel on Wednesday, pressured by prospects of increased Russian supply.This follows President Putin’s agreement to halt attacks on Ukrainian energy sites while rejecting a 30-day ceasefire. The potential lifting of Russian sanctions added to concerns over a surplus, as OPEC and its allies plan […]

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US Trade Uncertainty Drives Volatility in Crude Oil and Gold Prices – Century Financial

PR News Desk 10/03/2025

Oil prices took a hit this week, and according to Rystad Energy, the bearish mood is real—but temporary. Brent crude briefly dipped near $69 per barrel as markets reacted to OPEC+’s decision to gradually increase output starting in April, while ongoing tariff drama from Washington continues to rattle demand expectations. Higher flows from Kazakhstan and […]

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Crude Oil, Bitcoin and Gold Face Market Pressures Amid Global Uncertainty and Technical Challenges – Century Financial

PR News Desk 24/02/2025

Hedge funds are turning less optimistic on crude oil’s prospects, trimming net-bullish bets in a further sign of market softening.Net-long positions for US marker West Texas Intermediate fell for a fourth week to the lowest since October. The corresponding measure for global benchmark Brent was dialed back by the most since December in a third […]

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Gold Hits All-Time High as Safe-Haven Demand Grows Amid Geopolitical Tensions – Century Financial

PR News Desk 20/02/2025

Oil prices steadied following a series of modest gains, as an industry report highlighted another increase in US crude stockpiles, adding to the ongoing uncertainty over global supplies. The industry-funded American Petroleum Institute reported a 3.3 million-barrel increase in US commercial inventories last week, which would be the fourth week of builds if confirmed by

NEWS DESK

Gold Retreats from Record Highs, Silver Sees Volatility, and Crude Oil Holds Near Lows – Saxo Bank

PR News Desk 17/02/2025

Macro data and headlines Commodities ·         Gold suffered a sharp correction Friday after testing the all-time highs of 2,942, dropping back as far as 2,877 Friday, but rebounding back above 2,900 into this morning ·         Silver pumped and dumped Friday, clearing a critical resistance

NEWS DESK

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

PR News Desk 03/02/2025

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, set to take effect on Tuesday. Canadian […]

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Crude oil weakens amid tariff uncertainty– Saxo Bank MENA

PR News Desk 24/01/2025

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 […]

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Gold Prices Reach One-Month High – Century Financial

PR News Desk 16/01/2025

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 […]

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

PR News Desk 02/01/2025

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 […]