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Energy: US sanctions Rosneft and LukOil – ING
The Oil market is rallying this morning, with WTI up around 2.8% at the time of writing, taking it back above US$60/bbl. The catalyst: the US administration placing sanctions on Russian Oil producers Rosneft and LukOil, which produce more than 5m b/d of Oil.
WTI Oil returns above $60.00 amid US sanctions against Russian Crude
Oil prices have accelerated their recovery with US benchmark West Texas Intermediate (WTI) returning to levels beyond $60.00 line as the US administration imposed new sanctions on Russia’s largest Oil companies, which are expected to restrict global supply.The US Department of the Treasury announcedCrude Oil price today: WTI price bullish at European opening
West Texas Intermediate (WTI) Oil price advances on Thursday, early in the European session. WTI trades at $60.76 per barrel, up from Wednesday’s close at $59.34.Brent Oil Exchange Rate (Brent crude) is also up, advancing from the $63.15 price posted on Wednesday, and trading at $64.52.
Gold tumbles as traders book profits ahead of key US inflation data
Gold price (XAU/USD) edges lower below $4,100 during the early Asian trading hours on Thursday. The precious metal has faced a sharp sell-off in the previous sessions on easing tensions between the United States (US) and China.Fxstreet
Thu, Oct 23
WTI climbs to near two-week high above $60.00 as US sanctions on Russian oil companies
West Texas Intermediate (WTI), the US crude oil benchmark, is trading around $60.10 during the early Asian trading hours on Thursday. The WTI climbs to a near two-week high after the United States (US) hit Russia's major oil companies with sanctions.Gold extends losses ahead of key US inflation report
Gold price slides over 1.50% on Wednesday after plummeting more than 5% on Tuesday in its biggest daily loss in five years as traders brace for the release of the latest inflation report in the United States (US). At the time of writing, XAU/USD trades at $4,050 after reaching a high of $4,161.Fxstreet
Wed, Oct 22
Gold Price Forecast: XAU/USD support at $4,000 remains dangerously close
Gold bounced up after reaching the target of a Double Top pattern, at $4,005 on Tuesday, but upside attempts have been halted way below previous support, at $4,185, which leaves the immediate bearish trend intact and the $4,000 support area at a short distance.The announcement that US President TrumFxstreet
Wed, Oct 22
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