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Crude Slides On 'Phased Deal' Hopes
Crude Slides On 'Phased Deal' Hopes

Fresh US/Iran Deal HopesOil prices are cooling slightly on Friday as traders once again showed optimism over a possible end to the Iran war, or at least an agreement over reopening the Strait of...

Crude Rallies Amidst Fading US/Iran Peace Hopes
Crude Rallies Amidst Fading US/Iran Peace Hopes

Oil Turning Higher AgainAfter a correction lower from last week’s highs on rising optimism around diplomatic efforts in the Middle East, oil prices are pushing higher again today. The rebound comes...

EURUSD Plunging As Oil Fall Hits ECB Tightening Expectations
EURUSD Plunging As Oil Fall Hits ECB Tightening Expectations

EUR Selling DeepensEURUSD remains heavily sold today with the pair extending its decline amidst the ongoing fall in oil prices. The reaction in EURUSD suggests that lower oil prices are taking a...

Dollar Rallies on Hawkish Fed Speak
Dollar Rallies on Hawkish Fed Speak

Hawkish Fed CommentaryThe US Dollar is pushing firmly higher today, with bullish sentiment strengthened by hawkish Fed commentary yesterday. Chicago Fed President Goolsbee said yesterday that he sees...

Crude Falls Heavily As Iran Submits Fresh Peace Proposal
Crude Falls Heavily As Iran Submits Fresh Peace Proposal

Crude Selling DeepensOil prices are continuing to push lower on Monday following a heavy downside reversal last week. The move comes amidst easing supply fears after Saudi Arabia announced that it can...

Oil Drops As Saudi Supply Fears Ease
Oil Drops As Saudi Supply Fears Ease

Oil Drops on FridayOil prices have plunged lower today amidst cooling fears over supply issues in the Middle East. Following the recent outage of the East-West pipeline, Saudi Arabia said overnight...

Crude Oil: EIA On Watch After Huge API Inventories Build
Crude Oil: EIA On Watch After Huge API Inventories Build

Oil Inventories On WatchOil prices are a touch softer today after a fresh rally yesterday, likely linked to uncertainty after the API reported a huge 7.1 million build in commercial crude stores,...

Crude Spikes As Saudi Pipeline Shuts Down
Crude Spikes As Saudi Pipeline Shuts Down

Middle East Tensions FlaringOil prices remain elevated at the start of the week as the broadening conflict in the Middle East intensifies further. Yesterday, Iran-back Houthi militants launched...

ECB Fails To Lift EUR As USD Rebounds
ECB Fails To Lift EUR As USD Rebounds

Hawkish Hike From ECBEUR bulls will be a little frustrated today that yesterday’s ECB meeting didn’t result in better upside. The ECB delivered a further .25% rate hike yesterday, in line with...