West Texas Intermediate (WTI) US Crude Oil started Tuesday on the low side, falling below $81.00 per barrel before a broad-market recovery in risk appetite dragged barrel bids into a fresh high above $83.00.
Crude Oil gets pulled in both directions on Tuesday. A misfire in US PMIs spark fresh rate cut hopes. Risk assets get pumped higher as markets celebrate softening US economy. West Texas Intermediate US Crude Oil started Tuesday on the low side, falling below $81.00 per barrel before a broad-market recovery in risk appetite dragged barrel bids into a fresh high above $83.00.
US data is set to continue driving financial markets through the rest of the trading week. US Gross Domestic Product figures are slated for Thursday, where investors are expecting, or hoping, for US GDP for the annualized first quarter to ease to 2.5% from the previous 3.4%. On Friday, US Personal Consumption Expenditure Price Index inflation data will be released, which is forecast to hold steady at 0.3% MoM. WTI technical outlook WTI crossed $83.
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
U.S. crude oil hovers above $83 after Iran says it will not escalate conflict with IsraelIranian Foreign Minister Hossein Amirabdollahian told NBC News the Islamic Republic does not plan to respond to Israel’s retaliatory strike launched…
Read more »
U.S. crude oil hovers near $83 after Iran says it will not escalate conflict with IsraelIranian Foreign Minister Hossein Amirabdollahian told NBC News the Islamic Republic does not plan to respond to Israel’s retaliatory strike launched…
Read more »
U.S. crude oil hovers at $83 after Iran says it will not escalate conflict with IsraelIranian Foreign Minister Hossein Amirabdollahian told NBC News the Islamic Republic does not plan to respond to Israel's retaliatory strike launched Friday.
Read more »
Gold, Silver, WTI Crude Crude Oil Are in Well-Established Bull TrendsCommodities Analysis by Jason Sen covering: XAU/USD, XAG/USD, Gold Futures, Silver Futures. Read Jason Sen's latest article on Investing.com
Read more »
U.S. oil falls below $83 as war fears ease after Israel refrains from immediate Iran counterattackOil has sold off 4% this week as traders unwind the geopolitical risk premium built into prices over the last two weeks.
Read more »
WTI churns close to $82.00 as Crude Oil tries to stop the slideIran eased off the gas pedal on Monday, stating that it will not retaliate further against Israel following a back-and-forth scuffle between the two countries that sent global energy markets spiraling in recent weeks as fears of a widening Middle East conflict widened.
Read more »