WTI tumbles to $81.00 per barrel as risk appetite withers. US inflation remains problematic for rate cut hopes. API barrel counts climbed 4.906 million. West Texas Intermediate US Crude Oil fell on Tuesday, declining to $81.00 per barrel as investors pulled out of riskier assets and into safe havens like the US Dollar following an unexpected uptick in wages data, implying inflation will continue to eat away at chances for a near-term rate cut from the Federal Reserve.
9 and declining from the previous month’s 41.4. The downbeat activity outlook throws cold water on investors that are getting the worst of both worlds when it comes to rate cut hopes: the decline in US economic activity is picking up speed, boding poorly for equity markets, while inflation pressures remain stubbornly high, hobbling the Fed’s abilities to deliver rate cuts. WTI technical outlook WTI has fallen back to a familiar supply zone near $81.
WTI Energy
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:
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
U.S. crude oil falls below $81 a barrel as market brushes off looming Iran oil sanctionsThe House of Representatives passed legislation over the weekend that would broaden sanctions against Iran’s oil exports
Source: NBCPhiladelphia - 🏆 569. / 51 Read more »
Gold, Silver, WTI Crude Crude Oil Are in Well-Established Bull TrendsCommodities Analysis by Jason Sen covering: XAU/USD, XAG/USD, Gold Futures, Silver Futures. Read Jason Sen's latest article on Investing.com
Source: Investingcom - 🏆 450. / 53 Read more »
Oil sinks below $81 even as US ramps up talks over sanctions, tariffsOil prices retreat further on Thursday, extending the decline triggered on Wednesday after a string of headlines from the US President Joe Biden administration over tariffs and sanctions.
Source: FXStreetNews - 🏆 14. / 72 Read more »
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.
Source: FXStreetNews - 🏆 14. / 72 Read more »
WTI churns close to $82.00 as Crude Oil tries to stop the slideIran eased off the gas pedal on Monday, stating that it will not retaliate further against Israel following a back-and-forth scuffle between the two countries that sent global energy markets spiraling in recent weeks as fears of a widening Middle East conflict widened.
Source: FXStreetNews - 🏆 14. / 72 Read more »
WTI explores downside but remains close to $83 as Crude Oil markets frothWest 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.
Source: FXStreetNews - 🏆 14. / 72 Read more »