Petrol

Crude oil prices extended losses for a second day today, after President Trump said the United States would pause its plan to escort vessels out of the Strait of Hormuz just a couple of days after it was announced. The news prompted expectations that a peace deal may be in the making, pressuring Bre

Rabobank's Senior Market Strategist Benjamin Picton reports the Reserve Bank of Australia (RBA) has delivered a third consecutive 25 bp hike, taking the cash rate to 4.35% and matching the previous cycle high.

MUFG’s Michael Wan notes that Brent Oil has fallen below US$110 per barrel as President Trump pauses a US-led effort to help ships exit the Strait of Hormuz while talks with Iran continue.

USD/INR extends losses for the second successive day, trading around 95.00 during the Asian hours on Wednesday. Traders will likely observe India’s HSBC Composite and Services Purchasing Managers' Index (PMI) data to be released later in the day.

West Texas Intermediate (WTI) – the benchmark US Crude Oil price – attracts some follow-through sellers for the second straight day and drops to a one-week low during the Asian session on Wednesday.

West Texas Intermediate (WTI), the US crude oil benchmark, is trading around $97.50 during the early Asian trading hours on Wednesday. The WTI price falls amid easing tensions in the Middle East.

The oil futures market appears not to have caught up with the massive supply disruption from the Middle East yet—a supply shock that is now in its third month and lasting more than anyone expected in early March. Brent and WTI crude futures this week are trading more than $30 per barrel higher compa

Before 1 May, the once-mighty Organization of the Petroleum Exporting Countries (OPEC) had 12 members, but with the departure of the United Arab Emirates (UAE) at the start of the month, it has 11. These comprise Algeria, the Republic of the Congo, Equatorial Guinea, Gabon, Iran, Iraq, Kuwait, Libya

The American Petroleum Institute (API) estimated that crude oil inventories in the United States fell by 8.1 million barrels in the week ending May 1. In the week prior, US crude oil inventories fell by 1.79 million barrels. Analysts had expected a 2.8-million-barrel draw. US crude inventories are u

ING’s Deepali Bhargava highlights that Philippine Consumer Price Index (CPI) has jumped to a three‑year high, driven mainly by broad‑based food and fuel‑related pressures, and now looks set to average above 8% in 2Q.

A group of 14 Senate Democrats is pressing the Trump administration to reinstate sanctions on Russian oil after a temporary waiver tied to the Iran war. In a letter to Treasury Secretary Scott Bessent, the lawmakers argued that the policy allows additional revenue to flow to Moscow, at a time when o

The USD/CAD pair trades in a narrow range on Tuesday, with choppy price action as a mild pullback in Oil prices puts modest pressure on the commodity-linked Canadian Dollar (CAD). At the time of writing, the pair is trading around 1.3619 after hitting an intraday low of 1.3604.

OCBC strategists Sim Moh Siong and Christopher Wong report that Asian FX has softened again as Oil prices jump on renewed Middle East tensions and concerns over the Strait of Hormuz.

Diamondback Energy, one of the biggest pure-play Permian Basin producers in West Texas, said Monday it is immediately boosting oil output in response to the ongoing price rally driven by the Iran war — making it the first major shale operator to openly break from the capital-discipline playbook that

Royal Bank of Canada (RBC) economist Nathan Janzen notes that higher Oil and Gold exports pushed Canada’s trade balance back into surplus in March, even as non-energy exports remain under pressure from U.S. tariffs.