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PetrolFXStreet News

WTI Price Forecast: Bulls seem hesitant above $87.00 as 200-SMA breakdown remains in play

West Texas Intermediate (WTI) – the benchmark US Crude Oil price – struggles to capitalize on its bullish gap opening, though it sticks to modest intraday gains through the Asian session on Monday.

WTICRUDE
PetrolFXStreet News

USD/INR opens higher as oil prices recover on renewed Mideast conflicts

The Indian Rupee (INR) opens lower against the US Dollar (USD) at the start of the week. The USD/INR jumps to near 92.80 as renewed tensions between the United States (US) and Iran have lifted the oil prices and offered support to the US Dollar (USD).

BRENTWTI
PetrolOilPrice.com

Oil Prices Surge After U.S. Seizes Iranian Vessel Near Hormuz

Oil prices climbed sharply in early Asian trade on Monday, as the U.S. Navy intercepted an Iranian vessel it accused of attempting to break its blockade. The seizure reignited fears of a major escalation in the conflict and a prolonged disruption in the Strait of Hormuz. At the time of writing, West

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PetrolFXStreet News

WTI climbs above $86.50 on renewed US–Iran Strait of Hormuz tensions

West Texas Intermediate (WTI), the US crude oil benchmark, is trading around $86.70 during the Asian trading hours on Monday. The WTI price rises on renewed tensions between the United States (US) and Iran in the Strait of Hormuz.

WTICRUDE
PetrolFXStreet News

Canadian Dollar retreats from over one-month low vs USD; rallying Oil prices limit losses

The USD/CAD pair attracts some dip-buyers following a modest bearish gap opening on Monday and retakes the 1.3700 mark during the Asian session.

BRENTWTI
PetrolOilPrice.com

Middle East Oil Pricing Is Cracking Under Pressure

In a “perilous position,” the Platts Dubai benchmark used to price around 18 million barrels per day, nearly a fifth of global supply, is now severely strained by the halt in exports through the Strait of Hormuz. According to Reuters, with most cargoes having been unable to move safely through the c

BRENTWTI
PetrolOilPrice.com

Trading Desks Boom While Big Oil Output Stalls

Europe’s supermajors are set to report a strong quarter later this month and in early May thanks to their trading divisions. While Big Oil does not report trading profits, BP, Shell, TotalEnergies, and Equinor all signaled they are making a lot of money on trade with oil and gas in what some say is

BRENTWTI
PetrolOilPrice.com

Hydropower Is Making a Global Comeback

As governments look to diversify their energy mix by expanding renewable energy capacity, many are turning to solar and wind power. Meanwhile, hydropower is often overlooked by countries that do not have a tradition of hydropower production. With the ongoing conflict between the United States, Israe

BRENTWTI
PetrolPetrol haberleri

SON DAKİKA: Küresel Enerji Koridoru Felç! Hürmüz Boğazı Yeniden Kapandı !

Enerji dünyasının kalbi Hürmüz Boğazı’nda tansiyon bir kez daha zirveye çıktı. Diplomatik müzakerelerin tıkanması ve karşılıklı restleşmelerin ardından İran, boğaz üzerindeki geçişleri tamamen durdurduğunu açıkladı. Brent petrol fiyatları şok dalgasıyla sarsılırken, yüzlerce tanker rota değiştirmeye

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