EUR/USD 1.16208
0.202%
Gold 4475.09
0.919%
Oil 90.469
-3.905%
USD/JPY 159.988
-0.056%
GBP/USD 1.34312
0.109%
GBP/JPY 214.888
0.055%
Browse More
  • English
  • 简体中文
  • 繁體中文
  • Tiếng Việt
  • ไทย
  • Indonesia
Subscribe
Real-time News
Federal Reserve: In the week ending June 3, outstanding U.S. commercial paper (not seasonally adjusted) increased by $24 billion. Outstanding U.S. commercial paper (not seasonally adjusted) held by foreign financial institutions increased by $10 billion. Outstanding U.S. commercial paper (seasonally adjusted) increased by $10.7 billion.U.S. Treasury Secretary Bessenter: Future exemptions for Russian oil will be approved on a country-by-country basis. Exemptions for Russian oil would help lower energy prices.Israel Defense Forces: The Israel Defense Forces and the Israel Security Service launched a raid in northern Gaza late Thursday night, killing a senior member of Hamas’s General Security Agency.Federal Reserve officials Schmid and Daly will speak in ten minutes.June 5th - US mortgage rates dipped slightly last week as sellers struggled to find buyers willing to accept their offers. According to Freddie Mac data, the average 30-year fixed mortgage rate fell to 6.48% from 6.53%. A year ago, the rate was 6.85%. The peak sales season is facing pressure from high borrowing costs as economic uncertainty stemming from the Iran war pushes up inflation expectations and keeps mortgage rates high. Inventory growth outpaces demand, making it difficult for many sellers across the country to attract bids. Redfin real estate agent Patricia Ammann stated that the upward momentum in home prices is not as strong as it was five years ago, as high gasoline prices and rising living costs have made potential buyers less willing to push up prices.

WTI Price Analysis: Testing the $80 level versus the broad USD

Daniel Rogers

Apr 11, 2023 14:20

 截屏2023-01-13 下午5.17.06.png

 

On Monday, crude oil prices are lower as a risk-averse sentiment underpins the U.S. dollar. The price of the black gold is a few cents above its intraday low of $79.71 per barrel and is approaching the range's bottom.

 

Early in April, the Organization of the Oil Exporting Countries and Allies (OPEC+) astonished market participants by announcing a 1.16 million-barrel-per-day reduction in their oil output, which pushed West Texas Intermediate (WTI) approximately 5.5% higher on April 3 and left a $4 void. Since the announcement, WTI has been consolidating between $79 and $81.80, unable to find fresh directionality.

 

Higher energy prices have contributed to inflation's meteoric rise, and OPEC+'s decision came as a complete surprise, reigniting concerns not only about price pressure but also about economic growth.


Suggestion