Crude Oil
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Chubb to Insure Ships Crossing The Strait of Hormuz
US insurance giant Chubb (CB.US) has been designated as the lead insurer in a program supported by the U.S. International Development Finance…
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Higher Oil Prices Are Here to Stay
The oil price surged above $100 per barrel at one stage on Thursday morning, although it is backing away from…
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WTI trims a part of strong intraday gains; still up over 6% for the day above mid-$93.00s
WTI gains strong positive traction on Thursday amid a further escalation of conflicts in the Middle East. Suspected Iranian attacks…
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China orders immediate ban on fuel exports for March — Reuters
The Chinese government has effectively banned refined fuel exports for March “with immediate effect”, Reuters reported on Thursday. This measure…
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EIA Report And Current Middle Eastern Conflict Let’s the Blind Lead The Bind
EIA data showed a stronger-than-expected decline in fuel inventories in the US, although crude oil inventories increased more than forecast.…
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Have Permission or Risk Attack, Reality Bites on The Strait of Hormuz
According to the latest media reports, Iran has announced that ships wishing to pass through the Strait of Hormuz will…
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Volatile Markets, Oil Reserve Talk Amid Middle Eastern Conflict
We are living through a period of high volatility right now. Stocks are back in the red, bonds are selling…
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Crude Prices Back on the Rise
WTI crude futures reversed early losses to trade more than 3% higher, approaching $87 per barrel on Wednesday, after falling…
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WTI Price Struggles near $82.00, 200-hour holds the key for bulls amid Iran war
WTI attracts fresh sellers on Wednesday, though it manages to hold above the 200-hour SMA. The broader technical setup has…
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WTI Price Retakes $88.00 as Strait of Hormuz closure fuel supply disruption fears
WTI attracts fresh buyers and reverses a part of the previous day’s sharp retracement slide. The closure of the Strait…
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