West Texas Intermediate (WTI) US Crude Oil slipped back slightly on Wednesday, stumbling away from $83.50 per barrel to trade down to $82.50 as broad-market risk appetite from Tuesday evaporates in the mid-week market session.
Crude Oil eases back from risk-on bump, but US inventory declines limit losses. WTI remains hampered by $83.00 per barrel technical level. API, EIA both report inventory declines. West Texas Intermediate US Crude Oil slipped back slightly on Wednesday, stumbling away from $83.50 per barrel to trade down to $82.50 as broad-market risk appetite from Tuesday evaporates in the mid-week market session.
Volatility is on the rise and investors are turning to Thursday’s upcoming US Gross Domestic Product print. Markets desperate for any signs of a US Federal Reserve rate cut over the horizon are hoping that the US’ quarterly GDP results for Q1 will ease back to at least 2.5% compared to the previous print of 3.4%. This week will wrap up with another print of the US Personal Consumption Expenditure Price Index inflation metric. Core US PCE MoM in March is expected to hold steady at 0.
Norge Siste Nytt, Norge Overskrifter
Similar News:Du kan også lese nyheter som ligner på denne som vi har samlet inn fra andre nyhetskilder.
WTI back over $83 as Crude Oil sees additional volatilityWest Texas Intermediate (WTI) US Crude Oil started Tuesday on the low side, falling below $81.00 per barrel before a broad-market recovery in risk appetite dragged barrel bids into a fresh high above $83.00.
Les mer »
U.S. crude oil pulls back below $83 a barrel as brief rally stalls outTraders are waiting for the latest U.S. petroleum inventory data with the market's focus shifting back to supply and demand fundamentals.
Les mer »
U.S. crude oil pulls back below $83 a barrel as brief rally stalls outTraders are waiting for the latest U.S. petroleum inventory data with the market’s focus shifting back to supply and demand fundamentals.
Les mer »
U.S. crude oil pulls back below $83 a barrel as brief rally stalls outTraders are waiting for the latest U.S. petroleum inventory data with the market’s focus shifting back to supply and demand fundamentals.
Les mer »
U.S. crude oil hovers near $83 after Iran says it will not escalate conflict with IsraelIranian Foreign Minister Hossein Amirabdollahian told NBC News the Islamic Republic does not plan to respond to Israel’s retaliatory strike launched…
Les mer »
U.S. crude oil hovers at $83 after Iran says it will not escalate conflict with IsraelIranian Foreign Minister Hossein Amirabdollahian told NBC News the Islamic Republic does not plan to respond to Israel's retaliatory strike launched Friday.
Les mer »