Brent crude oil futures rose to around $65.6 per barrel on Tuesday amid increased uncertainty over the progress of US-Iran nuclear negotiations. Iran's Deputy Foreign Minister Majid Takhtravanchi said on Monday that talks between Iran and the US will "lead nowhere" if Washington continues to demand a complete halt to Tehran's uranium enrichment activities. Meanwhile, US President Donald Trump said that Russia and Ukraine will "immediately" begin ceasefire negotiations following a phone call with Russian President Vladimir Putin. A potential truce could pave the way for increased Russian oil exports if sanctions are eased, potentially capping further oil price gains. Additional downward pressure on oil prices came from Moody's downgrade of the US sovereign credit rating, which raised concerns about the economic outlook of the world's largest oil consumer. Slower industrial production and retail sales growth in China, the top oil importer, also contributed to bearish sentiment.
Meanwhile,WTI crude oil futures rose to around $62.3 per barrel on Tuesday amid increased uncertainty over the progress of US-Iran nuclear negotiations. Iran's Deputy Foreign Minister Majid Takhtravanchi said on Monday that talks between Iran and the US will "lead nowhere" if Washington continues to demand a complete halt to Tehran's uranium enrichment activities. Meanwhile, US President Donald Trump said that Russia and Ukraine will "immediately" begin ceasefire negotiations following a phone call with Russian President Vladimir Putin. A potential truce could pave the way for increased Russian oil exports if sanctions are eased, potentially capping further oil price gains. Additional downward pressure on oil prices came from Moody's downgrade of the US sovereign credit rating, which raised concerns about the economic outlook of the world's largest oil consumer. Slower industrial production and retail sales growth in China, the top oil importer, also contributed to bearish sentiment.
Source: Trading Economi
Oil prices $2 a barrel on Friday because of jitters about a possible increase in production by OPEC and its allies, while a weaker-than-expected U.S. jobs report fed worries about demand. Brent crude...
Oil prices were little changed on Friday (August 1st) and headed for weekly gains as investors weighed the impact of further import tariffs imposed by US President Donald Trump and the threat of sanct...
Oil prices were little changed on Friday (August 1st) and headed for weekly gains, as investors weighed the impact of further tariffs and sanctions from US President Donald Trump. Brent crude futures...
Oil is on track for the biggest weekly gain since mid-June after President Donald Trump ramped up pressure on Russia, as the market braced for the fallout from US tariffs that take effect on Frid...
Oil prices declined on Thursday as U.S. President Donald Trump's August 1 tariff deadline loomed over investors, with uncertainty surrounding countries yet to negotiate a trade deal with the U.S. Bre...
The Australian Dollar (AUD) remains under pressure against the US Dollar (USD) on Friday, giving back most of its earlier gains despite broad weakness in the Greenback following a disappointing Nonfarm Payrolls (NFP) data. The AUD/USD initially...
Oil prices $2 a barrel on Friday because of jitters about a possible increase in production by OPEC and its allies, while a weaker-than-expected U.S. jobs report fed worries about demand. Brent crude futures settled at $69.67 a barrel, down $2.03,...
The yen has suffered a difficult month, but BCA Research thinks the Japanese currency is primed for a multi-year rally. At 08:30 ET (12:30 GMT), USD/JPY traded 0.2% lower at Y150.49, having earlier in the session climbed as high as Y150.91, the...
US non-farm payrolls rose by 73,000 in July 2025, after being revised down by 14,000 in June and well below the 110,000 estimate. The upward trend...
The STOXX 50 dropped 1.1% and the STOXX 600 declined 0.8% on the first trading day of August, which coincided with the deadline for countries to...
U.S. President Donald Trump has imposed a 19% tariff on exports from Malaysia to the U.S., lower than the 25% rate he initially threatened in July....
The European stock markets closed sharply lower in Friday trading as The Stoxx Europe 600 fell 1.8%, Germany's DAX dropped 2.5%, the FTSE 100 was...