WTI holds near $76.50, awaits Iran reaction to Haniyeh killing

WTI holds near $76.50, awaits Iran reaction to Haniyeh killing

West Texas Intermediate (WTI) inched higher to near $76.50 per barrel in Friday’s Asian trading, with the price of crude oil finding support from supply risks arising from heightened geopolitical tensions in the Middle East, despite ongoing global demand concerns. Markets are closely watching Iran’s reaction to the assassination of Hamas leader Ismail Haniyeh. According … Read more

Firm dollar, higher US yields on Fed cut delays

Firm dollar, higher US yields on Fed cut delays

The GBPUSD pair weakened to 1.2695 in early Asian trading on Thursday due to a stronger US Dollar supported by higher US yields and lower bets of a Federal Reserve rate cut in September.