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Oil: Strait risks and reserves shape outlook – Commerzbank
Commerzbank’s Carsten Fritsch highlights how Brent and WTI have reversed an initial war-driven spike and stresses that the Iran conflict and Strait of Hormuz blockade remain central for Oil, while G7 reserve releases and large OECD stocks could only temporarily offset lost Gulf supply.
Oil: Volatility, Hormuz risks and countdown clock – Rabobank
Rabobank strategists Molly Schwartz and Michael Every highlight extreme volatility in Brent, which spiked towards $120 before closing below $90, driven by Saudi supply disruptions, G7 stockpile plans and US policy options.Fxstreet
Tue, Mar 10
WTI Price Forecast: Retakes $88.00 as Strait of Hormuz closure fuel supply disruption fears
West Texas Intermediate (WTI) Crude Oil prices regain positive traction following the previous day's dramatic turnaround from the highest level since June 2022 and climb back above the $88.00 mark during the Asian session on Tuesday.WTI recovers to near $86.50 as Strait of Hormuz remains closed
West Texas Intermediate (WTI), the US crude oil benchmark, is trading around $86.40 during the early Asian trading hours on Tuesday. The WTI price faces extreme volatility following a massive spike to nearly $120 per barrel in the previous session.Gold price drops below $5,100 as Oil spike lifts US Dollar
Gold (XAU/USD) trims some of its earlier losses on Monday, yet it remains below its opening price by over 1.50% as shipping disruptions in the Strait of Hormuz sent West Texas Intermediate (WTI) Oil prices up more than 30%, to near to $113 a barrel. At the time of writing, XAU/USD trades at $5,090.Fxstreet
Mon, Mar 9
Gold remains vulnerable as US-Iran war, Fed rate outlook weigh on sentiment
Gold (XAU/USD) trims some intraday losses on Monday after coming under heavy selling pressure at the start of the week. The mild recovery comes as the US Dollar (USD) and Treasury yields ease somewhat from recent highs as markets digest shifting macro and geopolitical drivers.Fxstreet
Mon, Mar 9
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