West Texas Intermediate (WTI), the US crude Oil benchmark, tumbled more than 1.80% on Wednesday, as Saudi Arabia pledged to stabilize the market amid
WTI crude drops to $85.97, despite earlier surge amidst Israel-Hamas conflict concerns. Saudi Arabia’s commitment to market stability and potential intervention tempers price spikes. Global inflation data and production choices from Russia and the US add layers to price influences. fears the conflict in the Middle East would disrupt supplies. Therefore, WTI is trading at $85.97, after hitting a daily high of $88.20 per barrel.
Data-wise, the US economic calendar featured the Producer Price Index for September, with data slightly higher than expected, suggesting another rate hike looms, but Thursday’s data on the consumer side, could refrain policymakers to increase rates. WTI Price Analysis: Technical outlook After rallying sharply toward a multi-month high of $95.91 per barrel, WTI has retraced somewhat below the 20 and 50-day moving averages , each at $90.86 and $88.
México Últimas Noticias, México Titulares
Similar News:También puedes leer noticias similares a ésta que hemos recopilado de otras fuentes de noticias.
Israel and Saudi Arabia: Why the Saudi response to Hamas attack matters to USThe Hamas attack on Israel is threatening to delay - or even derail - the yearslong push by the U.S. to improve relations between Israel and Saudi Arabia. Here's why.
Leer más »
Why you can't trust Iran or Saudi Arabia on the Israel-Hamas warNayyera Haq is a broadcast journalist focusing on international security and diplomacy who previously served as a senior director at the White House, senior adviser at the State Department and spokesperson at the U.S. Treasury, where she advised the nation’s top leaders. She hosts conversations on SiriusXM talk radio and previously hosted the nightly newscast 'The World Tonight,' and was chief foreign affairs correspondent for the Black News Channel.
Leer más »
Russia, Saudi Arabia to discuss oil market, prices amid Israel-Hamas warSaudi Arabia and Russia, the world's top two oil exporters, will discuss the situation on the oil market and oil prices on Wednesday amid the escalating conflict between Israel and Hamas, President Vladimir Putin's top oil official said.
Leer más »
Saudi Arabia and China collaborate on Arabic-based AI systemThe new AI model, known as AceGPT, is designed to function as an AI assistant for Arabic speakers and to answer queries in the Arabic language.
Leer más »
Amazon 'Failed to Protect' Third-Party Workers in Saudi ArabiaInvestigations from several newsrooms and Amnesty International report exploitative contracts and unsafe living conditions for foreign workers at the company's warehouses.
Leer más »
IMF cuts Saudi Arabia's growth forecast to 0.8% for 2023IMF cuts Saudi Arabia's growth forecast to 0.8% for 2023
Leer más »