empty
 
 

2025.09.1015:59:02UTC+00Oil Rises for 3rd Session

West Texas Intermediate (WTI) crude futures rose by over 2% to around $64 per barrel on Wednesday, securing a third consecutive day of gains. This upward movement reflects traders' efforts to balance geopolitical factors with economic indicators. Initially, prices were supported by an unexpected decline in U.S. producer prices, which raised expectations for Federal Reserve rate cuts that could stimulate demand. Market momentum increased when President Trump expressed concerns on social media regarding Russia's drone activities in Polish airspace. This speculation led to short-covering amid rumors that Trump might soon focus on Russian energy exports. Reports have also indicated that Trump has urged the European Union to collaborate with him in implementing tariffs on China and India, key Russian oil purchasers, as a strategy to compel Moscow into negotiations. Additionally, geopolitical tensions resurfaced after Israel's attack on Hamas leaders in Qatar, further adding a risk premium to the market. Nevertheless, these gains were tempered by U.S. government data revealing a more significant-than-anticipated crude inventory build of 3.9 million barrels, coupled with higher product stocks. This data underscores diminishing summer demand and ongoing supply-side challenges.

  • Grand Choice
    Contest by
    InstaForex
    InstaForex always strives to help you
    fulfill your biggest dreams.
    JOIN CONTEST
  • Chancy Deposit
    Deposit your account with $3,000 and get $6000 more!
    In December we raffle $6000 within the Chancy Deposit campaign!
    Get a chance to win by depositing $3,000 to a trading account. Having fulfilled this condition, you become a campaign participant.
    JOIN CONTEST
  • Trade Wise, Win Device
    Top up your account with at least $500, sign up for the contest, and get a chance to win mobile devices.
    JOIN CONTEST
  • 30% Bonus
    Receive a 30% bonus every time you top up your account
    GET BONUS


Can't speak right now?
Ask your question in the chat.
Widget callback