* . *
  • About
  • Advertise
  • Privacy & Policy
  • Contact
Monday, September 1, 2025
Earth-News
  • Home
  • Business
  • Entertainment
    Erykah Badu Announces ‘Abi & Alan’ Album With The Alchemist Will Be Delayed – yahoo.com

    Erykah Badu Opens Up About the Delay of Her Highly Anticipated ‘Abi & Alan’ Album with The Alchemist

    If You Needed Some BTS Pics Of The Rock’s Tree Trunk Legs To Spice Up Your Day, We Got ‘Em – yahoo.com

    Need a Boost? Check Out These Epic BTS Shots of The Rock’s Tree Trunk Legs!

    Sabrina Carpenter’s pearl-clutching magic? Humor – CNN

    Sabrina Carpenter’s pearl-clutching magic? Humor – CNN

    South Park Is In Trouble And Needs To Change Course, Fast – yahoo.com

    South Park Faces Major Challenges and Must Adapt Fast to Survive

    ‘Netflix House’ entertainment complexes are coming. Here’s when they open – Los Angeles Times

    Exciting News: Netflix’s House Entertainment Complexes Are Opening Soon!

    ‘Big Brother’s’ Rylie Jeffries Finally Speaks Out on Katherine Woodman Controversy – El Paso Inc.

    Big Brother’s Rylie Jeffries Finally Speaks Out on Katherine Woodman Controversy

  • General
  • Health
  • News

    Cracking the Code: Why China’s Economic Challenges Aren’t Shaking Markets, Unlike America’s” – Bloomberg

    Trump’s Narrow Window to Spread the Truth About Harris

    Trump’s Narrow Window to Spread the Truth About Harris

    Israel-Gaza war live updates: Hamas leader Ismail Haniyeh assassinated in Iran, group says

    Israel-Gaza war live updates: Hamas leader Ismail Haniyeh assassinated in Iran, group says

    PAP Boss to Niger Delta Youths, Stay Away from the Protest

    PAP Boss to Niger Delta Youths, Stay Away from the Protest

    Court Restricts Protests In Lagos To Freedom, Peace Park

    Court Restricts Protests In Lagos To Freedom, Peace Park

    Fans React to Jazz Jennings’ Inspiring Weight Loss Journey

    Fans React to Jazz Jennings’ Inspiring Weight Loss Journey

    Trending Tags

    • Trump Inauguration
    • United Stated
    • White House
    • Market Stories
    • Election Results
  • Science
  • Sports
  • Technology
    Gator football kicks off with excitement and new technology – WCJB | TV20

    Gator Football Kicks Off with Thrilling Action and Innovative Technology

    Marvell Technology (MRVL) Loses 18.6% as Growth Outlook Fails to Impress – Yahoo Finance

    Marvell Technology (MRVL) Loses 18.6% as Growth Outlook Fails to Impress – Yahoo Finance

    Propelling solar technology into a perovskite future – CORDIS

    Propelling solar technology into a perovskite future – CORDIS

    13 Top Technology Trends (2025) – Exploding Topics

    13 Game-Changing Technology Trends to Watch in 2025

    Japan’s legacy LCD and chip technology find new home in India – Nikkei Asia

    How Japan’s Breakthrough LCD and Chip Technologies Are Driving Innovation in India

    ITSWC 2025: Thursday sessions guide – Traffic Technology Today

    Your Ultimate Guide to Thursday Sessions at ITSWC 2025

    Trending Tags

    • Nintendo Switch
    • CES 2017
    • Playstation 4 Pro
    • Mark Zuckerberg
No Result
View All Result
  • Home
  • Business
  • Entertainment
    Erykah Badu Announces ‘Abi & Alan’ Album With The Alchemist Will Be Delayed – yahoo.com

    Erykah Badu Opens Up About the Delay of Her Highly Anticipated ‘Abi & Alan’ Album with The Alchemist

    If You Needed Some BTS Pics Of The Rock’s Tree Trunk Legs To Spice Up Your Day, We Got ‘Em – yahoo.com

    Need a Boost? Check Out These Epic BTS Shots of The Rock’s Tree Trunk Legs!

    Sabrina Carpenter’s pearl-clutching magic? Humor – CNN

    Sabrina Carpenter’s pearl-clutching magic? Humor – CNN

    South Park Is In Trouble And Needs To Change Course, Fast – yahoo.com

    South Park Faces Major Challenges and Must Adapt Fast to Survive

    ‘Netflix House’ entertainment complexes are coming. Here’s when they open – Los Angeles Times

    Exciting News: Netflix’s House Entertainment Complexes Are Opening Soon!

    ‘Big Brother’s’ Rylie Jeffries Finally Speaks Out on Katherine Woodman Controversy – El Paso Inc.

    Big Brother’s Rylie Jeffries Finally Speaks Out on Katherine Woodman Controversy

  • General
  • Health
  • News

    Cracking the Code: Why China’s Economic Challenges Aren’t Shaking Markets, Unlike America’s” – Bloomberg

    Trump’s Narrow Window to Spread the Truth About Harris

    Trump’s Narrow Window to Spread the Truth About Harris

    Israel-Gaza war live updates: Hamas leader Ismail Haniyeh assassinated in Iran, group says

    Israel-Gaza war live updates: Hamas leader Ismail Haniyeh assassinated in Iran, group says

    PAP Boss to Niger Delta Youths, Stay Away from the Protest

    PAP Boss to Niger Delta Youths, Stay Away from the Protest

    Court Restricts Protests In Lagos To Freedom, Peace Park

    Court Restricts Protests In Lagos To Freedom, Peace Park

    Fans React to Jazz Jennings’ Inspiring Weight Loss Journey

    Fans React to Jazz Jennings’ Inspiring Weight Loss Journey

    Trending Tags

    • Trump Inauguration
    • United Stated
    • White House
    • Market Stories
    • Election Results
  • Science
  • Sports
  • Technology
    Gator football kicks off with excitement and new technology – WCJB | TV20

    Gator Football Kicks Off with Thrilling Action and Innovative Technology

    Marvell Technology (MRVL) Loses 18.6% as Growth Outlook Fails to Impress – Yahoo Finance

    Marvell Technology (MRVL) Loses 18.6% as Growth Outlook Fails to Impress – Yahoo Finance

    Propelling solar technology into a perovskite future – CORDIS

    Propelling solar technology into a perovskite future – CORDIS

    13 Top Technology Trends (2025) – Exploding Topics

    13 Game-Changing Technology Trends to Watch in 2025

    Japan’s legacy LCD and chip technology find new home in India – Nikkei Asia

    How Japan’s Breakthrough LCD and Chip Technologies Are Driving Innovation in India

    ITSWC 2025: Thursday sessions guide – Traffic Technology Today

    Your Ultimate Guide to Thursday Sessions at ITSWC 2025

    Trending Tags

    • Nintendo Switch
    • CES 2017
    • Playstation 4 Pro
    • Mark Zuckerberg
No Result
View All Result
Earth-News
No Result
View All Result
Home Business

WTI climbs on geopolitical tension amid supply disruptions concerns

December 18, 2023
in Business
WTI climbs on geopolitical tension amid supply disruptions concerns
Share on FacebookShare on Twitter

WTI Crude Oil, the US benchmark, rises over 2% amid escalating geopolitical tensions in the Middle East.
Attacks on ships around the Red Sea by a militant group linked to Iran, impacting Oil shipping routes, contribute to the rally.
The recent weakening of the US Dollar after the Federal Reserve pivot, along with geopolitical risks, to underpin WTI’s price.

The US Crude Oil benchmark, also known as West Texas Intermediate (WTI), has risen more than 2% on geopolitical risks as a militant group linked to Iran continues to attack ships around the Red Sea. This has triggered a rally in WTI, exchanging hands at $73.82 due to Oil supply disruption.

WTI surges as a militant group linked to Iran continues attacks on ships in the Red Sea

Crude Oil prices extended their rally to four straight days, bolstered by a weaker US Dollar (USD) after the US Federal Reserve (Fed) ended its tightening cycle, hinting that rate cuts lie ahead in 2024. Nevertheless, an attack on Norwegian-owned vessels and Oil shipping firms avoiding the Red Sea is already impacting Oil prices.

Sources cited by Reuters said, “The rise in geopolitical risk premium, which has come in the form of regular hostilities towards commercial vessels in the Red Sea by Iran-backed Houthi rebels, plays its indisputable part in Oil’s resurrection.”

Around 15% of world shipping traffic passes via the Suez Canal, the shortest shipping route between Europe and Asia.

Meanwhile, an increase in supply cushioned WTI’s rise on Monday, but Russia and Saudi Arabia, extending Crude Oil production cuts to the first quarter of 2024, are underpinning Oil prices.

WTI’s outlook remains uncertain due to the recent developments, but due to the location of daily moving averages (DMAs) above WTi’s price, could open the door for further losses. Otherwise, further escalation in the Middle East area, could lift prices and dent inflation progress worldwide.

WTI Price Analysis: Technical outlook

The daily chart portrays WTI as neutral to downward biased, but today’s jump would pave the way for a new trading range within the $72.22-$76.00 area, ahead of testing the 200-day moving average (DMA) at $77.72.  On the other hand, achieving a daily close below November’s 16 latest cycle low of $72.22 could open the door to a dip to the $70.00 mark, followed by December’s swing low of $67.74.

Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers. The author will not be held responsible for information that is found at the end of links posted on this page.

If not otherwise explicitly mentioned in the body of the article, at the time of writing, the author has no position in any stock mentioned in this article and no business relationship with any company mentioned. The author has not received compensation for writing this article, other than from FXStreet.

FXStreet and the author do not provide personalized recommendations. The author makes no representations as to the accuracy, completeness, or suitability of this information. FXStreet and the author will not be liable for any errors, omissions or any losses, injuries or damages arising from this information and its display or use. Errors and omissions excepted.

The author and FXStreet are not registered investment advisors and nothing in this article is intended to be investment advice.

>>> Read full article>>>
Copyright for syndicated content belongs to the linked Source : FXStreet – https://www.fxstreet.com/news/wti-climbs-on-geopolitical-tension-amid-supply-disruptions-concerns-202312181638

Tags: businessclimbsGeopolitical
Previous Post

General Atomics Awarded Contract From Bay West, LLC for PFAS Destruction Demonstrations

Next Post

Swiss Franc Pairs: Haven demand from geopolitics pushes CHF higher

Large reductions in tropical bird abundance attributable to heat extreme intensification – Nature

Dramatic Decline in Tropical Bird Populations Linked to Intensifying Heat Extremes

August 31, 2025
Science Notes: Tracing the origins of the Bedale Hoard – the-past.com

Unlocking the Mysteries of the Enigmatic Bedale Hoard

August 31, 2025
Diagnostic dilemma: Rare condition made a woman see people as dragons – Live Science

When Reality Shifts: A Woman’s Rare Condition Made Her See People as Dragons

August 31, 2025
8 Lifestyle Changes To Reverse Fatty Liver Naturally – iDiva

8 Life-Changing Habits to Naturally Reverse Fatty Liver and Boost Your Health

August 31, 2025
Gator football kicks off with excitement and new technology – WCJB | TV20

Gator Football Kicks Off with Thrilling Action and Innovative Technology

August 31, 2025
The 3 most memorable Olympico clashes in history 🔥 – Yahoo Sports

The 3 Most Unforgettable Olympico Showdowns in History That Will Leave You Speechless 🔥

August 31, 2025
While Trump Rattles the World, China Basks in the Limelight – The Wall Street Journal

While Trump Rattles the World, China Basks in the Limelight – The Wall Street Journal

August 31, 2025

Economists Raise Red Flags: Alarming Warning Signs Emerge Across the Economy

August 31, 2025
Erykah Badu Announces ‘Abi & Alan’ Album With The Alchemist Will Be Delayed – yahoo.com

Erykah Badu Opens Up About the Delay of Her Highly Anticipated ‘Abi & Alan’ Album with The Alchemist

August 31, 2025
Coach Prime 2.0: What’s next for Deion and the Buffaloes – ESPN

Coach Prime 2.0: What’s Next for Deion Sanders and the Buffaloes?

August 31, 2025

Categories

Archives

August 2025
MTWTFSS
 123
45678910
11121314151617
18192021222324
25262728293031
« Jul    
Earth-News.info

The Earth News is an independent English-language daily published Website from all around the World News

Browse by Category

  • Business (20,132)
  • Ecology (800)
  • Economy (818)
  • Entertainment (21,698)
  • General (16,782)
  • Health (9,859)
  • Lifestyle (833)
  • News (22,149)
  • People (820)
  • Politics (826)
  • Science (16,029)
  • Sports (21,317)
  • Technology (15,799)
  • World (799)

Recent News

Large reductions in tropical bird abundance attributable to heat extreme intensification – Nature

Dramatic Decline in Tropical Bird Populations Linked to Intensifying Heat Extremes

August 31, 2025
Science Notes: Tracing the origins of the Bedale Hoard – the-past.com

Unlocking the Mysteries of the Enigmatic Bedale Hoard

August 31, 2025
  • About
  • Advertise
  • Privacy & Policy
  • Contact

© 2023 earth-news.info

No Result
View All Result

© 2023 earth-news.info

No Result
View All Result

© 2023 earth-news.info

Go to mobile version