Crude Stabilizes, Tariff Uncertainties Weigh On Sentiment
Market comments on behalf of Terence Hove Financial Markets Strategist Consultant to Exness
Crude oil futures are attempting to stabilize after four consecutive sessions of decline, with slight gains observed in prices. Optimism emerged as the U.S. exempted automakers from tariffs and discussions surfaced about potentially removing the 10% tariff on Canadian energy imports. This could provide some support to the oil...
WTI crude oil suffers a sharp drop due to OPEC+ decisions
Written by Antonio Di Giacomo, Senior Market Analyst at XS.com
The price of West Texas Intermediate (WTI) started the session on February 3, 2025, with a bullish momentum, opening with a gap above $74.70 per barrel. However, the session was marked by high volatility, leading to a drop of more than 4%, bringing the price down...
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