WTI price edges higher to near $79.00 as US-Iran war escalation threatens oil flows

WTI price edges higher to near .00 as US-Iran war escalation threatens oil flows

West Texas Intermediate (WTI), the US crude oil benchmark, is trading around $79.00 during the early European trading hours on Friday. The WTI heads for its biggest weekly advance since April as rising tensions in the Middle East raise fears of oil supply disruption.  The BBC reported on Thursday that the US Central Command (CENTCOM) said that […]

Chinese Yuan loses as safe-haven demand lifts US Dollar

Chinese Yuan loses as safe-haven demand lifts US Dollar

USD/CNH gains ground for the second successive day, trading around 6.7760 during the Asian hours on Friday. The pair appreciates as the US Dollar (USD) receives support from escalating developments surrounding conflicts in the Middle East. Reuters reported on Thursday that Iran has instructed Yemen’s Houthi militia to stand ready to close the critical Red […]