US Crude Oil Inputs Climb by 330,000 as Inventories Surge
(EIA) The US reported an average of 15.7 million barrels per day of crude oil refinery inputs in the week that ended October 1, up 330,000 bpd from the previous…
Market Analysis: USDJPY Bulls Eye 112.00 as Oil Prices Rally to Seven-Year Highs
The US dollar firms near one-year highs.USDJPY bulls are closing in on 112.00.AUDNZD rallies as NZD weakens on the RBNZ hike.Oil prices rally amid supply concerns.US equity recovery gathers steam…
OPEC+ Boosts Oil Price After Maintaining 0.4M bpd Supply Increase
(OPEC) OPEC+ members have agreed to stick with a scheduled 400,000 barrel-a-day supply hike for November. The news pushed West Texas Intermediate crude up by about 2.4% to $77.68 a…
Market Analysis: NZDUSD Recovers From 5-Week Lows as Oil Prices Tank Ahead of OPEC Meeting
Dollar firms near one-year highs.NZDUSD bounced back on easing Covid restrictions.AUDUSD under pressure amid Evergrande pitfall concern.Oil prices retreat ahead of the crucial OPEC meeting.U.S. equities on the recovery mode.Bitcoin…
Market Analysis: USDJPY Grinding Higher Near 112.00 as Oil Prices Retreat on Crude Supplies Buildup
US dollar firms near one-year highs.USDJPY rises to seven-month highs on dollar’s strength.NZDUSD under pressure at one-month lows.Oil prices pressured amid concerns over supplies buildup.US equity benchmarks stabilize after coming…
US Crude Refinery Inputs Surge by 67,000 bpd as Inventories Rise
(EIA) The total crude refinery inputs in the US in the week that ended September 24 was 15.4 million barrels per day, up by 67,000 bpd from the previous week.…
Goldman Sees Oil at $90 on Devastations Caused by Hurricane Ida
(MarketWatch) Goldman Sachs strategists expect oil to hit $90, a higher projection from the previous $80 on supply issues caused by Hurricane Ida. Predictions by Goldman come as oil demand…
Market Analysis: GBPUSD A Bounce Back Play as Oil Rally Persists
US dollar softness persists, sending majors higher.GBPUSD trying to bounce back.USDINR sell-off persists as Rupee strengthens.Oil prices edge higher on strong demand.US equity bounce back continues after sell-off.Bitcoin and Ethereum…
Market Analysis: USDJPY Rallies on BOJ Warning As Oil Prices Rise on Supply Concerns
US dollar steadies near 1-month highs.USDJPY eyes further gains above 109.50.AUDUSD bounces back on dollar softness.US equity indices under pressure as back bounce stalls.Oil prices edge higher as stockpiles fall…
China to Tap Its Strategic Oil Reserves on September 24 to Tame Prices
(Bloomberg) China targets an initial auction of as much as 7.38 million barrels of crude on September 24, the first sale of its kind seeking to lower prices. The sale…
Market Analysis: AUDUSD Pulls Back After Dovish RBA Statement as Bitcoin Rally Persists
US dollar bounces on shrugging off disappointing NFP.AUDUSD retreats from two-month highs after RBA remarks.AUDJPY is under pressure on renewed yen strength.Oil prices are struggling for direction following Saudi price…
Market Analysis: GBPUSD Consolidates Near 1.38 as EURGBP Rallies to 1-Month Highs
U.S. dollar weakness persists after big ADP miss.GBPUSD is struggling to capitalize on dollar weakness.EURGBP rallies to one-month highs on euro strength.Oil prices edge lower on the demand-supply imbalance.U.S. equities…