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Commodities Week Ahead: Oil Bulls Seek to Shake off China Gloom, Fed FearCommodities Analysis by Investing.com (Barani Krishnan) covering: Brent Oil Futures, Crude Oil WTI Futures, ProShares UltraShort Bloomberg Crude Oil, ProShares Ultra Bloomberg Crude Oil. Read Investing.com (Barani Krishnan)'s latest article on Investing.com
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American-owned tanker offloads oil believed to be Iranian crude near Texas — despite Tehran’s threatsIran’s paramilitary Revolutionary Guard has warned that those involved in offloading the Suez Rajan’s cargo “should expect to be struck back.”
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Crude Oil Futures: Further upside seems not favouredOpen interest in crude oil futures markets dropped for the third session in a row on Friday, this time by around 23.4K contracts according to prelimin
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Closing prices for crude oil, gold and other commoditiesBenchmark U.S. crude oil for September delivery fell 53 cents to $80.72 a barrel Monday. Brent crude for October delivery fell 34 cents to $84.46 a barrel.
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- US Crude IG Client Sentiment: Our data shows traders are now net-long Oil - US Crude for the first time since Jul 27, 2023 when OilTraders are further net-long than yesterday and last week, and the combination of current sentiment and recent changes gives us a stronger Oil - US Crude-bearish contrarian trading bias.
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Oil prices bounce after snapping streak of 7 straight weekly winsOil prices are back on the rise Monday, after ending a streak of seven straight weekly gains.
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