-- Oil dipped ahead of key US economic data, as the market seeks a catalyst to break out of the tightest trading range in over three years.Volkswagen Invests $5 Billion in EV Startup Rivian to Form Joint VentureBrent slipped below $85 a barrel and has swung in a narrow range of $1.76 so far this week, the smallest fluctuation since early 2021.
“Signals on demand remain mixed, but are generally positive given summer travel and cooling demand,” said Charu Chanana, market strategist for Saxo Capital Markets Pte in Singapore.
Source: News Formal (newsformal.com)
West Texas Intermediate Stock Markets Employment Figures
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
Canada Latest News, Canada Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Oil Trades in Narrow Range After Big Build of US StockpilesOil was steady after a choppy session on Wednesday following volatility in wider equity markets and a large build in US crude stockpiles.
Source: BNNBloomberg - 🏆 83. / 50 Read more »
Polkadot stuck in $6 range: Rough days ahead for DOT?Since the 14th of June, Polkadot [DOT] has been trading between $6.10 and $6.25. By the look of things, the sideways movement
Source: CryptoAmb - 🏆 22. / 68 Read more »
Oil expected to fall into $60 range in 2025 as inventories build: CitiOil prices are expected to stay in the mid-$80 range this summer, but increasing supply and slowing demand will bring down prices next year, according to...
Source: YahooFinanceCA - 🏆 47. / 63 Read more »
Oil price news: Oil fluctuates ahead of U.S. market outlook reports, Fed decisionOil fluctuated ahead of key market outlook reports and tomorrow’s interest-rate decision from the Federal Reserve.
Source: BNNBloomberg - 🏆 83. / 50 Read more »
Oil price news: Oil holds steady ahead of OPEC+ meeting, U.S. inventories reportOil held steady after falling on Wednesday, with traders looking to U.S. stockpiles data and an OPEC+ meeting at the weekend for more clarity on the supply-demand outlook.
Source: BNNBloomberg - 🏆 83. / 50 Read more »
Oil price news: Oil gains as geopolitical tensions rise ahead of OPEC+ meetingOil steadied after a two-day gain despite increased tensions in the Middle East after the death of an Egyptian soldier during a clash with Israeli troops.
Source: BNNBloomberg - 🏆 83. / 50 Read more »