empty
 
 

14.08.202518:45:20UTC+00WTI Prices Rally to One-Week High on Geopolitical Tensions

On Thursday, WTI crude oil futures surged by 2.1%, closing at $64 per barrel, marking a one-week high and ending a two-day decline. This increase was primarily fueled by geopolitical tensions and the anticipation of a potential U.S. interest rate reduction next month that might enhance oil demand. The price rally was triggered after President Trump cautioned of "severe consequences" should his discussions with Russian President Putin regarding Ukraine not succeed, injecting a risk premium due to Russia's position as the second-largest crude oil producer globally. The prospect of a Federal Reserve rate cut in September, supported by weaker consumer inflation data and disappointing employment figures, also contributed to the price gains, despite stronger U.S. producer price data indicating persisting inflationary pressures. Market sentiment was additionally buoyed by the possibility of easing sanctions on Moscow, which could result in increased Russian oil exports. Meanwhile, Norway announced that oil and gas investments would peak this year before beginning to decline, and Mexico reported the arrest of former Pemex CEO Carlos Trevino in the U.S. on corruption allegations.

  • Grand Choice
    Contest by
    InstaForex
    InstaForex always strives to help you
    fulfill your biggest dreams.
    कॉन्टेस्ट में हिस्सा लें
  • चैन्सी डिपॉजिट
    $ 3,000 के साथ अपना खाता जमा करें और प्राप्त करें $6000 अधिक!
    में दिसंबर हम आकर्षित करते हैं $6000 चैंसी डिपॉज़िट में
    ट्रेडिंग अकाउंट में $ 3,000 जमा करके जीतने का अवसर प्राप्त करें इस शर्त को पूरा करके आप प्रतियोगिता में भाग ले सकते हैं
    कॉन्टेस्ट में हिस्सा लें
  • ट्रेड वाइज़, विन डिवाइस
    कम से कम $500 के साथ अपने खाते में टॉप अप करें, कॉन्टेस्ट के लिए साइन अप करें और मोबाइल डिवाइस जीतने का मौका पाएं।
    कॉन्टेस्ट में हिस्सा लें
  • 30% बोनस
    हर बार खाता टॉप अप करने पर 30% बोनस प्राप्त करें
    बोनस पायें


अभी बात नहीं कर सकते?
अपना प्रश्न पूछें बातचीत.
Widget callback