Samer Hasn is a Market Analyst at XS.com. He focuses on global markets, commodities markets, and energy policy, with particular expertise in energy and mining, renewable energy, and cryptocurrency. Samer has been featured in Arabian Post - Dubai, Investorideas.com, LondonlovesBusiness.com, and Pound Sterling Live.
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West Texas Intermediate crude oil futures and ICE Brent futures are rising by nearly 3% and hovering at their highest levels in two weeks.
Crude oil futures for NYMEX West Texas Intermediate and ICE Brent are down more than 1%, following a decline of around 2% in both main benchmarks.
Crude oil prices continue their rise today, with West Texas Intermediate crude futures up by more than 3% and Brent crude futures also trading above $80 per barrel.
West Texas Intermediate and Brent crude oil futures are falling by less than half a percentage point, hovering near $79 and $84 per barrel, respectively, following a day of relatively low volatility.
The euro is trading almost unchanged against the US dollar, near 1.1436, amid a prevailing sideways path since late June.
Oil prices continue to fall for the third consecutive day, as Brent and West Texas Intermediate crude futures drop by more than 2%.
Oil futures hold steady amid anticipation of upcoming escalation steps
West Texas Intermediate Crude Futures fall by nearly 7 per cent, dropping below the $ 80 per barrel threshold, while Brent crude futures fall by nearly 6 percent, trading near $83 per barrel.
West Texas Intermediate crude falls by nearly seven-tenths of a percentage point, while Brent falls by half a percentage point, following losses exceeding 5 per cent yesterday.
Futures for both West Texas Intermediate and Brent crude fell by more than 2% to record their lowest levels in nearly a week.
