empty
 
 

07.08.202518:10:27UTC+00WTI Crude Retreats, Marks 6-Day Decline

WTI crude oil futures declined to around $64 per barrel on Thursday, marking a potential six-day losing streak. This drop is primarily driven by optimism for a diplomatic solution to the ongoing conflict in Ukraine. The Kremlin announced that Russian President Vladimir Putin is slated to meet with US President Donald Trump in the upcoming days. This meeting, their first summit since 2021, has increased hopes for de-escalation, thereby exerting downward pressure on oil prices. This reaction occurred despite seemingly favorable market fundamentals, such as a larger-than-anticipated withdrawal of 3 million barrels from US crude inventories. Concurrently, Trump enacted a new 25% tariff on Indian goods in response to India's continued import of Russian oil and indicated potential additional tariffs on Chinese imports. Additionally, Saudi Arabia raised its September crude prices for Asian purchasers for the second month in a row, attributing the increase to constrained supply and robust demand. Nevertheless, global economic uncertainties and evolving geopolitical landscapes continue to limit any significant upward movement in the oil markets.

  • Grand Choice
    Contest by
    InstaForex
    InstaForex always strives to help you
    fulfill your biggest dreams.
    कॉन्टेस्ट में हिस्सा लें
  • चैन्सी डिपॉजिट
    $ 3,000 के साथ अपना खाता जमा करें और प्राप्त करें $6000 अधिक!
    में दिसंबर हम आकर्षित करते हैं $6000 चैंसी डिपॉज़िट में
    ट्रेडिंग अकाउंट में $ 3,000 जमा करके जीतने का अवसर प्राप्त करें इस शर्त को पूरा करके आप प्रतियोगिता में भाग ले सकते हैं
    कॉन्टेस्ट में हिस्सा लें
  • ट्रेड वाइज़, विन डिवाइस
    कम से कम $500 के साथ अपने खाते में टॉप अप करें, कॉन्टेस्ट के लिए साइन अप करें और मोबाइल डिवाइस जीतने का मौका पाएं।
    कॉन्टेस्ट में हिस्सा लें
  • 30% बोनस
    हर बार खाता टॉप अप करने पर 30% बोनस प्राप्त करें
    बोनस पायें


अभी बात नहीं कर सकते?
अपना प्रश्न पूछें बातचीत.
Widget callback