WTI holds near $72 amid hopes of Iran de-escalation
The benchmark West Texas Intermediate crude oil traded around $72 on Friday, up 0.42% on the day, but remained in a consolidation phase after reaching a two-week high earlier this week. Investors are assessing mixed signals from the Middle East, balancing ongoing military tensions against renewed
Gold nursed minor losses on Friday with price action contained within Thursday’s $4,100 trading range, set for 1.6% weekly depreciation. Precious metals
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The benchmark crude West Texas Intermediate (WTI), futures on NYMEX, soared 3.2% to near $74.30 during the European trading session on Wednesday, the highest level in two weeks. Oil prices surged as
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By Chris Michael The European Union appears to be gradually laying the groundwork for a more active role in future negotiations over
By Chris Michael The new leadership of the North Atlantic Treaty Organisation appears to be evolving into a catalyst for fresh tensions
The announcement of an interim agreement between the US and Iran has triggered an immediate and dramatic reaction in world energy markets.
By Chris Michael Hamas is officially designated as a terrorist organisation by the European Union and its 27 member states. For many
By Chris Michael The steadily rising tensions in the eastern Mediterranean and Turkey’s revisionist ambitions are prompting Greece and Cyprus to undertake
Energy
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The benchmark West Texas Intermediate crude oil traded around $72 on Friday, up 0.42% on the day, but remained in a consolidation phase after reaching a two-week high earlier this week. Investors are assessing mixed signals from the Middle East, balancing ongoing
Read More
Oil markets are sending the wrong signal by treating the latest attacks on commercial shipping in the Strait of Hormuz as a
The benchmark crude West Texas Intermediate (WTI), futures on NYMEX, soared 3.2% to near $74.30 during the European trading session on Wednesday,
The announcement of an interim agreement between the US and Iran has triggered an immediate and dramatic reaction in world energy markets.
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The benchmark West Texas Intermediate crude oil traded around $72 on Friday, up 0.42% on the day, but remained in a consolidation
More
Gold nursed minor losses on Friday with price action contained within Thursday’s $4,100 trading range, set for 1.6% weekly depreciation. Precious metals
More
Oil markets are sending the wrong signal by treating the latest attacks on commercial shipping in the Strait of Hormuz as a
More
The benchmark crude West Texas Intermediate (WTI), futures on NYMEX, soared 3.2% to near $74.30 during the European trading session on Wednesday,
More
Maritime
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Even if Donald Trump frees ships in the Strait of Hormuz, supply chains face a growing “latency shock” that will weigh on the world economy, Nigel Green, CEO of leading financial advisory deVere Group has warned. Crude oil prices fell
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