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1 day ago · The decisions of OPEC, a group of major Oil-producing countries, is another key driver of price. The value of the US Dollar influences the price of WTI Crude Oil, since Oil is predominantly traded in US Dollars, thus a weaker US Dollar can make Oil more affordable and vice versa. How does inventory data impact the price of WTI Oil
12 hours ago · The crude market has experienced a disconnect, with spot prices and calendar spreads rising despite swelling inventories. While traders are betting on tighter future supplies, persistent over-supply and slow consumption rebound may lead to setbacks. A large inventory drawdown is expected, but if smaller than anticipated, prices could sharply ...
1 day ago · In commodities, oil costs edged greater as large wildfires. were threatening Canada's oil sands and as the market anticipated. U.S. crude oil and gas inventories to show a drawdown later. in the day. U.S. crude was up 0.68% at $78.55 per barrel and. Brent was at $82.87 per barrel, up 0.59%. Spot gold was little altered at $2,356.64 per ounce.
1 day ago · Alberta. / 55.99167°N 114.37667°W / 55.99167; -114.37667. Alberta is one of the thirteen provinces and territories of Canada. It is a part of Western Canada and is one of the three prairie provinces. Alberta borders British Columbia to the west, Saskatchewan to the east, the Northwest Territories to the north, and the U.S. state of ...
6 hours ago · Elevated US nat-gas inventories are pressuring prices. As of June 21, nat-gas inventories were +20.6% above their 5-year seasonal average, signaling ample nat-gas supplies. Losses in nat-gas ...
5 hours ago · West Texas Intermediate crude fell 0.3% to $81.53 a barrel Spot gold fell 0.2% to $2,324.07 an ounce This story was produced with the assistance of Bloomberg Automation.
1 day ago · The broker increased its 2024 gold price target by 7% to US$2,276/oz and its 2025 price target by 22% to US$2,425/oz. These targets are 6% and 9% respectively above consensus. Macquarie is forecasting the gold price to peak at US$2,500/oz in mid-2025, and then average US$2,200/oz in 2026 (this target increased by 21%).
