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Brent: Volatile slide after conflict headlines – Deutsche Bank
Deutsche Bank analysts describe a sharp reversal in Brent Oil as optimism over Iran-related supply risks grows. They highlight an -11% one-day drop in Brent, further weakness overnight, and swings driven by Saudi Aramco pipeline news, US political statements, and potential IEA reserve releases.
Fxstreet
Wed, Mar 11
G7 Statement: Energy ministers support principle of using oil reserves
In a statement released on Wednesday, the G7 group of nations said that their energy ministers supported, in principle, the implementation of proactive measures to address the situation, including the use of strategic reserves, per Reuters.
Unprecedented Intervention: Crude Near $80 as IEA Proposes Historic Oil Stockpile Flood
The International Energy Agency (IEA) has proposed the largest-ever release of strategic petroleum reserves, putting downward pressure on crude oil prices and leaving the $80 threshold in jeopardy.TradingKey
Wed, Mar 11
WTI Price Forecast: Struggles near $82.00, 200-hour holds the key for bulls amid Iran war
West Texas Intermediate (WTI) Crude Oil prices struggle to build on the overnight bounce from sub-$76.00 levels, or the weekly low, and meet with a fresh supply during the Asian session on Wednesday. The commodity currently trades just below the $82.00 mark, down nearly 4% for the day.
IEA proposes record oil release from strategic reserves — WSJ
The International Energy Agency (IEA) has proposed the largest release of oil reserves in its history in an effort to lower crude prices that have soared during the US-Israel conflict with Iran, the Wall Street Journal reported on Wednesday.Silver Price Forecast: XAG/USD consolidates below $89.00; bullish bias remains
Silver (XAG/USD) trades with a positive bias for the fourth straight day on Wednesday, though it lacks bullish conviction and remains below a one-week high set the previous day. The white metal currently trades just below the $89.00 mark, up nearly 2% for the day, and seems poised to climb further.Fxstreet
Wed, Mar 11
Gold rebounds above $5,180 as Oil plunge pressures US Dollar
Gold price (XAU/USD) rallies on Tuesday as the US Dollar (USD) retreats after Oil prices edge lower, reflecting the Greenback's close correlation with crude. At the time of writing, XAU/USD trades at $5,187, up more than 0.50%.Fxstreet
Tue, Mar 10
WTI Oil prices fall as G7 considers reserve release, IEA calls emergency meeting
West Texas Intermediate (WTI) US Oil corrects lower on Tuesday, with the price trading around $82.30 at the time of writing, down 1.15% on the day as markets reassess supply risks following comments from international energy officials.Featured Tools
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