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PetrolFXStreet News

EUR/CZK: Sideways despite hawkish CNB risk – Commerzbank

Commerzbank’s Tatha Ghose expects the Czech National Bank (CNB) to keep rates at 3.50% but sees upside inflation risks from higher energy prices and a growing chance of at least one 25 bp hike later in 2026.

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PetrolFXStreet News

S&P 500: AI momentum drives fresh record highs – Deutsche Bank

Deutsche Bank’s Early Morning Reid notes that US equities extended gains as stagflation fears eased with lower Oil prices and AI-related optimism.

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PetrolFXStreet News

Gold: Energy-driven rate hopes support prices – ING

ING’s commodities strategists Ewa Manthey and Warren Patterson report that Gold rallied as hopes of a US-Iran deal pushed Oil prices lower, easing inflation concerns and weighing on yields while the Dollar stayed near pre-war levels.

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PetrolFXStreet News

USD/CAD Price Forecast: Edges higher above 1.3600, but bearish bias persists below 100-day EMA

The USD/CAD pair trades with mild gains around 1.3635 during the early European trading hours on Thursday. Hopes for a US-Iran peace deal to end the war drag crude oil prices lower, weighing on the commodity-linked Canadian Dollar (CAD) against the US Dollar (USD).

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PetrolOilPrice.com

EU Suspends Methane Rules as Energy Crunch Intensifies

The European Union has decided to suspend a regulation requiring oil and gas suppliers to report emissions along their supply chains amid an energy crunch that has sent oil and gas prices higher and prompted a rush to secure scarce supply. Citing a draft document from the European Commission to nati

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PetrolFXStreet News

Brent: Market reacts to Iran peace prospects – Rabobank

Rabobank’s Senior Market Strategist Benjamin Picton notes that Brent crude fell sharply as markets focused on potential peace in the Iran conflict and a reopening of the Strait of Hormuz.

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PetrolOilPrice.com

Australia Orders LNG Exporters to Reserve 20% of Gas for Domestic Market

Australia’s government has mandated energy companies in the country to set aside 20% of their natural gas output for the domestic market to avoid supply shortages along the east coast. The mandate will come into effect from July next year, Reuters reported today, adding that it will affect three com

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PetrolFXStreet News

WTI consolidates below $93.00 as traders assess likelihood of US-Iran peace deal

West Texas Intermediate (WTI) – the benchmark US Crude Oil price – oscillates in a range during the Asian session on Thursday and, for now, seems to have stalled the previous day's modest bounce from sub-$87.00 levels, or over a two-week low.

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PetrolOilPrice.com

Oil Prices Edge Higher as Iran Deal Doubts Resurface

Oil prices edged higher in early Asian trade on Thursday, rebounding from the previous session’s steep selloff, as investors reassessed the chances of a near-term U.S.-Iran peace agreement and weighed continuing disruptions to Middle East energy flows. Brent crude futures rose 0.66%, to $101.94 a ba

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PetrolFXStreet News

Canadian Dollar remains flat as crude oil prices decline

USD/CAD remains flat after registering modest gains in the previous trading day, hovering around 1.3630 during the Asian hours on Thursday. The commodity-linked Canadian Dollar (CAD) may struggle amid lower oil prices, given Canada’s status as the largest crude exporter to the United States (US).

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PetrolFXStreet News

WTI falls below $93.50 on hopes of strait of Hormuz reopening

West Texas Intermediate (WTI), the US crude oil benchmark, is trading around $93.25 during the early Asian trading hours on Thursday. The WTI price declines on optimism over a possible deal to end the war with Iran.

WTICRUDE
PetrolOilPrice.com

U.S. Oil Exporters Under Scrutiny As Gas Prices Spike Across 50 States

The United States has been playing a vital role as the world’s “swing supplier” of key energy commodities amid the global shortage triggered by the war in Iran, with surging exports helping to cut the energy deficit. According to data from commodities intelligence firm Kpler via Reuters, shipments o

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PetrolOilPrice.com

Oil Shortage Pain Begins for Asia

Asian economies are starting to feel the first serious effects of the oil and gas export paralysis in the Persian Gulf, with economic growth stuttering and likely to deteriorate over the coming months. Some are already in stagflation, and the outlook is dire. Asia buys 85% of its total oil imports f

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PetrolOilPrice.com

U.S. Fuel Exports Hit Record High as Hormuz Crisis Reshapes Global Energy Flows

US oil product exports surged to a record 8.2 million barrels per day last week as countries scrambled to replace fuel supplies disrupted by the Hormuz crisis, according to Bloomberg reporting, which noted that diesel exports led the increase and reached an all-time high.Countries are now competing

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