WTI Crude Oil grinding it out just below $85

Share: WTI is seeing some back-and-forth for Friday. US Crude Oil barrels bounding between $85.00 and $83.00 per barrel. Oil markets remain concerned about Middle East tensions, but global slowdown hard to ignore. West Texas Intermediary (WT) Crude Oil barrels are seeing some tension in the midrange on Friday, in play between $85.00

Gold and oil pop as Gaza ceasefire hopes fade

Gold is at the highs of the week in a quick $6 move higher to just below $2000. It’s been largely a one-way trade since the Hamas attacks on October 7. Gold daily Oil is also at the highs of the day in a rise above $85, paring much of the weekly loss. The market

WTI crude oil futures settle at $85.54

The WTI crude oil settles above the August high of $84.85 The price of WTI crude futures is settling at $85.54, up $2.33 or 2.80%. That is above the August high of $84.85 tilting a bias more to the upside. Looking at the daily chart, the low prices this week stalled the fall near the

Baker Hughes US weekly oil rig count 504 vs 502 prior

Oil rigs +2 Gas rigs -1 Total rigs 625 vs 624 prior Rig efficiency has certainly improved but it’s tough to imagine there will be any US production growth next year. This article was written by Adam Button at www.forexlive.com. لینک منبع : هوشمند نیوز

Oil climbs up by over 2% but still poised for a weekly drop

WTI crude itself is up roughly 2.5% to $85.28 as oil is seeking a rebound towards the end of the week. The low this week nearly touched the $82 level, where we also saw price find a rebound at the start of the month: WTI crude oil daily chart The tensions in the Middle East

Diplomatic Progress Eases Prior Risk Aversion, Gold and Oil Head Lower

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Diversification benefits of Oil and Gold remain intact – UBS

Share: Investors face fresh uncertainties. Heightened geopolitical risks underline the merits of diversification, economists at UBS report. Oil and Gold assets will also be supported by market fundamentals Gold closed at a one-month high of $1,981 an ounce on 20 October, and is up around 8.7% over the past two weeks. Brent rose