empty
 
 

10.09.202515:59:02UTC+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.
    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