Tag Archives: Oil
oil
Oil rallies as API and EIA post hefty crude draws, lifting WTI above $85
US API weekly crude oil stocks dropped 9.1 million barrels by May 15, beating expected 3.4 million decline.
WTI Extends Rally as Hormuz Risks and OPEC+ Tensions Support Crude Prices
WTI nears $103.20 as geopolitical risks and Iran talks support prices; Hormuz, India hikes keep focus.
Canada’s April inflation jump lifts headline, but core cooling keeps Bank of Canada on hold
April Canada inflation rose on energy and base effects; core cooled, easing pressures, supporting unchanged Bank rates.
Trump floats renewed Iran strikes, fuelling oil and volatility hedging as deal talk tempers risk-off sentiment
Trump said US may restart attacks on Iran, undecided, claiming Iran seeks deal; also mentioned Cuba needs help.
UAE’s OPEC exit boosts supply, pressures crude as traders brace for regional oil ‘stacks’
UAE leaving OPEC may weaken cartel, boost output, increase supply, and push structurally lower oil prices.
Euro slips against loonie as oil surge offsets softer Canadian inflation, focus turns to Eurozone HICP
Euro slips versus Canadian dollar as oil rallies; soft Canadian inflation tempers BoC, Eurozone CPI awaited.
BoE rate outlook hinges on oil prices as DBS flags autumn hike risk and hedging trades
DBS says BoE outlook hinges on oil; baseline $108/bbl sees CPI 3.7% by end-2026, prompting 1–2 hikes.
Oil whipsaws as Iran tensions, waiver headlines and soft China demand keep Brent near $85
Oil prices swing amid Iran and Gulf disruptions; temporary US waivers on Iranian and Russian oil ease supply fears.
TD Securities sees Canada April CPI at 3.1% as energy lifts headline, core eases
TD Securities sees April CPI at 3.1%, driven by energy and base effects; core inflation eases.
Brent slips as Trump pauses Iran strike, talks wobble while US stocks thin and Russia waiver looms
Brent crude slid 2% after Trump paused Iran strikes for talks; sanctions waiver and low inventories supported prices.
