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WTI falls to near $63.50 due to oversupply, weaker demand concerns
West Texas Intermediate (WTI) Oil price extends its losses for the second successive session, trading around $63.50 per troy ounce during the Asian hours on Monday. Crude Oil prices decline due to potential for oversupply concerns and weaker demand prospects.
Significant increase in Russian Oil shipments to India expected in September – Commerzbank
Bloomberg data showed that Russian Oil exports to India fell by almost 40% compared to the previous week to just over 800,000 barrels per day, the lowest level since October 2022, unless there will be an upward revision, Commerzbank's commodity analyst Carsten Fritsch notes.Fxstreet
Fri, Aug 29
Crude Oil price today: WTI price bearish at European opening
West Texas Intermediate (WTI) Oil price falls on Friday, early in the European session. WTI trades at $64.03 per barrel, down from Thursday’s close at $64.10.Brent Oil Exchange Rate (Brent crude) is also shedding ground, trading at $67.59 after its previous daily close at $67.62.Gold rallies above $3,400 as Fed independence fight boosts safe-haven demand
Gold price rises to a five-week high of $3,413 as traders shrug off solid economic data from the United States (US), which justifies the current stance by the Federal Reserve (Fed) to hold rates unchanged.Fxstreet
Thu, Aug 28
Gold Price Forecast: XAU/USD trades firmly near $3,400, sees resistance around $3,440
Gold price (XAU/USD) holds onto gains near $3,400 during the European trading session on Thursday. The precious metal demonstrates strength as traders are increasingly confident that the Federal Reserve (Fed) will cut interest rates in the September monetary policy meeting.Fxstreet
Thu, Aug 28
Silver Price Forecast: XAG/USD surges toward $39.00 as Fed rate cut bets increase
Silver price (XAG/USD) rises more than 0.5%, trading around $38.80 per troy ounce during the early European hours on Thursday. The price of the non-yielding Silver gains ground amid rising odds of US Federal Reserve (Fed) interest rate cuts.Fxstreet
Thu, Aug 28
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