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EIA reduces oil surplus estimates – ING
Despite the ongoing uncertainty in global markets, oil prices managed to settle higher yesterday, supported by the weaker USD. Even so, ICE Brent continues to trade below US$70/bbl and prices will likely remain sensitive to external developments. The oil market seems to be largely ignoring...Fxstreet
Mar 12, 2025
WTI advances to near $66.50, upside seems limited due to rising US growth concerns
West Texas Intermediate (WTI) Oil price gains ground for the second successive day, trading $66.40 during the European hours on Wednesday. However, Oil prices faced downward pressure amid rising demand concerns over a potential US economic slowdown and the impact of tariffs on global growth, which lUS oil futures rise despite API inventory showing larger build in crude stocks
Investing.com -- U.S. crude oil futures move above post-settlement levels Tuesday despite the American Petroleum Institute reporting a larger-than-expected increase in weekly domestic crude stockpiles. Crude Oil WTI Futures, the U.S. benchmark, recently traded at $66.61 a barrel following the...Investing.com
Mar 12, 2025
Gold price consolidates near weekly high; looks to US CPI for fresh impetus
Gold price (XAU/USD) trades near the weekly high during the Asian session on Wednesday and looks to build on the previous day's goodish rebound from the $2,880 region, or a one-week low. Investors remain worried about the potential economic fallout from US President Donald Trump's trade tariffs...Fxstreet
Mar 12, 2025
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