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Oil production in Libya to resume, US oil production in the Gulf of Mexico normalised – Commerzbank
One reason for the price weakness last week was the agreement reached by the conflict parties in Libya in the dispute over the leadership of the central bank, Commerzbank’s commodity analyst Carsten Fritsch notes.Fxstreet
Oct 1, 2024
Crude Oil nosedives, shrugging off Israeli ground incursion into Lebanon
Crude Oil slides lower on Tuesday, extending Monday’s losses, even as Israel began its ground incursion into Lebanon. Traders seemed to be expecting a much bigger or even full-blown ground offensive, which doesn’t seem to be the case. Rather, theFxstreet
Oct 1, 2024
Gold recovers ground on geopolitical risks but upside capped by Powell
Gold (XAU/USD) recovers marginally to trade in the $2,640s per troy ounce on Tuesday after the Israeli army mounts a ground invasion of Lebanon, stoking geopolitical tensions and increasing safe-haven demand for Gold.Fxstreet
Oct 1, 2024
WTI Price Forecast: Dives to nearly three-week low, seems vulnerable around mid-$66.00s
West Texas Intermediate (WTI) US crude Oil prices come under heavy selling pressure on Tuesday and drop to a nearly three-week low, around mid-$66.00s during the first half of the European session.
Fxstreet
Oct 1, 2024
Crude Oil edges lower despite intensified attacks on Lebanon
Crude Oil edges lower at the start of the week despite intensified attacks by Israel on Lebanon over the weekend. Overall, expectations are that Oil prices should get a lift this week, with Chinese measures boosting the demand for Oil in the region. OnFxstreet
Sep 30, 2024
