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IEA cuts 2024 crude demand growth forecast, sees 2029 peak

Investing.com - The International Energy Agency cut its oil demand growth forecast for 2024 on Wednesday, putting its views further at odds with the projections of OPEC.The IEA trimmed its oil demand

Investing.com

Jun 12, 2024

Oil edges up towards $80 as US inventories decline by more than expected

Oil prices are sprinting higher on Wednesday, touching the highest level since May 30, supported by a larger-than-expected decrease in US inventories. Data from the American Petroleum Institute (API) showed on Tuesday that crude stockpiles declined by

Fxstreet

Jun 12, 2024

Silver Price Forecast: XAG/USD holds $29 with eyes on US Inflation and Fed’s policy outcome

Silver price (XAG/USD) steadies above its crucial support of $29.00 in Wednesday’s European session.

Fxstreet

Jun 12, 2024

Gold struggles on trimmed Fed rate cut bets, China buying pause

Gold (XAU/USD) trades marginally lower on Wednesday as expectations that interest rates in the US will remain high, and news the People’s Bank of China (PBoC) has halted Gold buying after an 18-month spree, weigh on the precious metal.

Fxstreet

Jun 12, 2024

Silver price today: Silver rises, according to FXStreet data

Silver prices (XAG/USD) rose on Wednesday, according to FXStreet data.

Fxstreet

Jun 12, 2024

IEA lowers 2024 global demand growth forecast by 100,000 bpd to 960,000 bpd

In its monthly oil market report published on Wednesday, the International Energy Agency (IEA) slashed the 2024 global oil demand growth forecast by 100,000 bpd to 960,000 barrels per day (bpd).

Fxstreet

Jun 12, 2024

India Gold price today: Gold steadies, according to FXStreet data

Gold prices remained broadly unchanged in India on Wednesday, according to data compiled by FXStreet.

Fxstreet

Jun 12, 2024

Silver Price Forecast: $30.0 appears a tough nut to crack for XAG/USD

The Silver price (XAG/USD) recovers to $29.40 on Wednesday despite the stronger Greenback.

Fxstreet

Jun 12, 2024

Gold price seems vulnerable, traders keenly await US CPI and FOMC policy decision

Gold price (XAU/USD) showed some resilience below the $2,300 mark and posted modest gains for the second straight day on Tuesday.

Fxstreet

Jun 12, 2024

WTI hovers around $78.00 after EIA's forecast of optimistic global demand

West Texas Intermediate (WTI) Oil price hovers around $77.90 per barrel during Asian trading hours on Wednesday.

Fxstreet

Jun 12, 2024

Oil prices settle higher as soft CPI release offsets surprise US inventory jump

Investing.com-- Oil prices settled higher Wednesday, as a cooler inflation report supporting rate-cut hopes, but gains were kept by an unexpected build in weekly domestic crude supplies and hawkish Fe

Investing.com

Jun 12, 2024

Silver Price Analysis: XAG/USD drop as double-top chart pattern remains intact

Silver prices retreated on Tuesday and fell 1.65% as the Greenback remained in the driver’s seat and posted gains of 0.15%, ahead of crucial data to be revealed on Wednesday.

Fxstreet

Jun 11, 2024

Crude Oil at risk of snapping recovery streak as markets head towards Wednesday’s Fed showing

West Texas Intermediate (WTI) US Crude Oil failed to extend an ongoing recovery on the back of renewed hopes of a global supply drawdown.

Fxstreet

Jun 11, 2024

United States API Weekly Crude Oil Stock came in at -2.428M, below expectations (-1.75M) in June 7

United States API Weekly Crude Oil Stock came in at -2.428M, below expectations (-1.75M) in June 7

Fxstreet

Jun 11, 2024

Gold prices steady ahead of crucial US inflation, Fed’s decision

Gold prices advanced for the second straight day amid a stronger US Dollar, yet it remains near familiar levels as traders brace for the release of crucial data from the United States (US).

Fxstreet

Jun 11, 2024

Copper price faces pressure amid lower Chinese demand – TDS

Industrial metals are melting lower amid concerns around Chinese demand, analysts at TD Securities noted.

Fxstreet

Jun 11, 2024

Gold shows strength despite Fed uncertainty – TDS

Gold (XAU/USD) prices show resilience amid China halting its purchasing program and the Federal Reserve uncertainty, analysts at TD Securities note.

Fxstreet

Jun 11, 2024

WTI tumbles to near $77.00 amid uncertainty ahead of China/US CPI, Fed’s outcome

West Texas Intermediate (WTI), futures on NYMEX, declines to near $77.00 in Tuesday’s New York session.

Fxstreet

Jun 11, 2024

Gold continues bearish tone on outlook for US interest rates

Gold (XAU/USD) trades a quarter of a percent lower on Tuesday after being rejected by key support-turned-resistance at $2,315 late Monday.

Fxstreet

Jun 11, 2024

Natural Gas rallies as Europe discusses keeping Russian flows via Ukraine

Natural Gas price (XNG/USD) trades higher on Tuesday, nearing a fresh yearly high, as Europe discusses ways of keeping flows via Ukraine alive next year and amid increasing supply from Norway.

Fxstreet

Jun 11, 2024

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