WTI hovers around 98.00 due to persistent Middle East supply concerns

WTI hovers around 98.00 due to persistent Middle East supply concerns

West Texas Intermediate (WTI) crude eases from intraday highs but remains elevated near $98.10 per barrel during Monday’s Asian session, supported by persistent Middle East supply concerns. US President Donald Trump has reportedly given Iran a 48-hour deadline to reopen the Strait of Hormuz or risk strikes on its energy infrastructure. Separate reports indicate Washington […]

WTI climbs on Iran’s revenge response to Trump’s 48-hour ultimatum

WTI climbs on Iran’s revenge response to Trump’s 48-hour ultimatum

West Texas Intermediate (WTI) – the US oil benchmark – opened Monday with a bang, extending Friday’s 3.5% advance to briefly regain the $100 level. The latest leg higher in the black gold comes on the back of a new phase of escalation in the Middle East, induced by US President Donald Trump on Saturday. […]

Do not think there is a need to consider rate hikes

Do not think there is a need to consider rate hikes

Christopher Waller, a member of the Federal Reserve (Fed), said that based on the jobs report alone, he was planning to dissent in the monetary policy decision, but inflation has become more of a concern. He added that he now expects labor force growth to be near zero in a live interview with CNBC on […]