WTI Moves Below $79.00 Following Hawkish Remarks From Fed Officials

WTI Oil price extends losses possibly due to the hawkish remarks from Fed officials regarding maintaining higher rates for longer.

FXStreet10:54

Oil Prices Tread Water Amid Iran Uncertainty, US Rate Jitters

Oil prices edged lower in Asian trade on Tuesday, as markets were uncertain how the Iran President’s death could affect supplies, while traders feared that high U.S. interest rates will eat into demand this year.

Investing10:24

The Iran plane crash didn't spoil the oil market? Industry warns OPEC+ inventory will calm fluctuations

① The unexpected “steadiness” of the oil market on Monday was very different from the performance of the precious metals market, which soared due to news of the Iranian President's helicopter crash; ② On the other hand, Saudi Crown Prince postponed his visit to Japan due to Saudi King Salman's physical factors, and both major oil producers faced significant political risks; ③ Some analysts pointed out that the influence of geopolitics on the oil market has become inelastic, which is related to OPEC+'s large inventories.

cls.cnMay 20 16:27

Oil Prices Edge Higher With Iran in Focus After Helicopter Crash

Oil prices rose slightly in Asian trade on Monday as traders sought more information on rescue attempts for Iran’s President after a helicopter crash.

InvestingMay 20 11:20

Express News | UBS: OPEC+ is expected to extend the production reduction agreement for at least 3 months, and oil will rise to $91 in June

BreakingsMay 17 11:17

Oil Prices Steady, Set for Mild Weekly Gains Amid Demand Hopes

Oil prices moved little in Asian trade on Friday, but were headed for a mildly positive week as a softer dollar, shrinking U.S. inventories and increased Chinese stimulus stoked hopes of improving demand.

InvestingMay 17 09:24