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WTI Price Forecast: Bulls retain control near 38.2% Fibo.; move beyond $83.00 awaited
West Texas Intermediate (WTI) – the benchmark US Crude Oil price – attracts buyers for the third straight day and trades just below the $83.00 mark during the Asian session on Wednesday, close to a nearly two-week high set the previous day.
Silver Price Forecast: XAG/USD rises to near $65.40 with US inflation in focus
Silver price (XAG/USD) trades 1.1% higher at around $65.40 during the Asian trading session on Wednesday. The white metal reflects strength ahead of the United States (US) Consumer Price Index (CPI) data for July, which will be published at 12:30 GMT.
WTI advances above $82.50 due to mixed signals regarding potential US-Iran deal
West Texas Intermediate (WTI) oil price extends its gains for the third successive day, trading around $82.70 per barrel during the Asian hours on Wednesday. Crude oil prices advance as investors weigh mixed signals regarding a potential deal between the United States (US) and Iran.Oil: Strait of Hormuz risk premium – Commerzbank
Commerzbank’s energy team notes fading hopes for a US–Iran agreement to reopen the Strait of Hormuz, driving Brent toward USD 90 and gas oil to nearly USD 1,350 per ton. Drone attacks on refineries in Saudi Arabia, Russia, Libya and tight diesel supply add to the risk premium.Fxstreet
Tue, Aug 11
WTI Price Forecast: Buyers defend 21-day SMA as bullish bias holds
West Texas Intermediate (WTI) Oil trades modestly higher on Tuesday after two-way price swings, as headlines from the Middle East keep energy markets volatile. At the time of writing, WTI trades around $82.13, up more than 7% so far this week.Silver Price Forecast: XAG pullback puts $63.50 in focus
Silver price reverses its course, drops some 2.70% on Tuesday, even though US Treasury yields and the Greenback remained steady, amid news that if the US does not comply with Iran’s demands, the Strait of Hormuz would remain closed. The XAG/USD trades at $64.77, after hitting a daily high of $66.49.Fxstreet
Tue, Aug 11
Gold eases amid firm US Dollar as CPI and Hormuz risks loom
Gold (XAU/USD) price registers modest losses on Tuesday, driven by a firm US Dollar as traders await the release of crucial US inflation data and the potential reopening of the Strait of Hormuz. The rise in energy prices is also capping the yellow metal´s advance.Fxstreet
Tue, Aug 11
WTI Oil reverses course as Iran, Oman move closer on Hormuz talks
West Texas Intermediate (WTI) US Oil retreats on Tuesday, trading around $80.40 at the time of writing, down 1.281% on the day. The US benchmark gives back its previous gains after Qatar reported progress in negotiations between Iran and Oman regarding the Strait of Hormuz.Gold pauses near two-month highs as US-Iran standoff drives Oil prices higher
Gold (XAU/USD) pauses its rally on Tuesday after hitting a two-month high of $4,435 earlier in Asian trading hours. The modest pullback comes as uncertainty over when the Strait of Hormuz will reopen keeps Oil prices elevated.Fxstreet
Tue, Aug 11
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