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Crude Oil - FxWirePro-Crude oil Daily Outlook

20-05-2024 03:08

WTI crude oil showed a minor pullback after the PBOC monetary policy. It hit a high of $79.93 at the time of writing and is currently trading at $78.79. The Peoples Bank of China (PBOC) kept its one ...

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Crude Oil News Today: Traders Downplay Iran-Saudi Instability, Eye OPEC+

Crude oil prices may rise further over the near-term as traders await clarity on OPEC+ output policy decisions at the upcoming June 1 meeting.

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Good News for Naira As NNPC Reports Increase in Oil Production, Discovers New Oil Well

Nigerian National Petroleum Company Limited (NNPCL) has reported increased crude oil production, which could be good news for the Nigerian currency.

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Iran President Dies: How Will It Impact Oil Prices, Gold Rates, Stock Markets Across the World?

Following the news of Iranian President Ebrahim Raisi's death, the gold hit an all-time high and crude oil prices extended gains amid political uncertainty in the major oil-producing Middle East ...

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The Market News Today: Crude Oil Jumps on Iran-Saudi Political Uncertainty

An unexpected deadly incident in Iran added to crude oil volatility, while concerns over Saudi Arabia’s leadership added another layer of uncertainty.

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