Middle East geopolitics plays a central role in shaping global markets, particularly the oil market. Since many countries in this region are top oil exporters, any political unrest, conflict, or shift in alliances instantly impacts oil supply and prices. These fluctuations directly affect oil-linked currencies such as the Canadian dollar (CAD), Russian ruble (RUB), and…
WTI enters a bullish consolidation phase near a two-week high amid mixed fundamental cues. The US-China trade deal optimism helps ease demand concerns and supports the black liquid. Easing US recession fears and the Fed’s hawkish pause benefits the USD and caps the commodity. West Texas Intermediate (WTI) US Crude Oil prices rise to a…
Oil opened this week down 4% after OPEC+ announced its intention to increase production by 411K bpd from June. The change represents the phasing out of voluntary restrictions by major producers, including Saudi Arabia and Russia, which previously totalled 2.2m bpd. The decision surprised the market, which had expected an increase of about 244K barrels….
United States Baker Hughes US Oil Rig Count below forecasts (485): Actual (479) Source link
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Global stocks saw a positive week due to easing US-China trade war concerns, despite mixed messages from President Trump. Gold experienced a decline as safe haven flows decreased, while Bitcoin saw a significant increase. The US Dollar Index is aiming for its first weekly gain since mid-March but remains vulnerable below the 100.00 level. The…
Gold and oil prices have surged in April 2025 as the Middle East conflict intensifies, sending ripples across global markets. The sharp rise in gold and oil prices reflects a broader reaction to heightened geopolitical risks, investor uncertainty, and potential supply disruptions. With global demand patterns shifting and energy security coming into question, both assets…
WTI oil has registered the second weekly gain (the contract was up 3.3% this week), lifted by growing optimism over easing trade tensions between the USA and the European Union and signals of possible deal, new US sanctions on Iran and initial positive signals in US – China trade relations. Reversal signal is developing on…
Oil ended the week up over 4%, continuing the rebound that began on 9 April following a strong rally due to tariff postponement. Prices managed to recover from 4-year lows by more than 16%, which is impressive and brings the market closer to bullish territory. However, the situation currently appears more like a rebound before…
The oil market is quiet in early morning trading today, after settling lower for a second consecutive week last week. News that the Trump administration is offering tariff exemptions on certain electronics products initially supported risk assets. Since then, uncertainty returned as President Trump suggested exemptions are only temporary — and that other more specific…