Iran, oil
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Crude oil futures prices fell by ₹14 to ₹5,975 per barrel on the Multi Commodity Exchange (MCX) on Thursday, as weak global cues and soft spot demand pushed traders to offload positions. Internationally,
Goldman Sachs has raised its fourth-quarter 2026 oil price forecast by $6 per barrel due to persistently low OECD inventories, even as it maintains expectations of a global supply surplus next year.
WTI crude oil is holding near $63.41 on Tuesday, slipping modestly but staying above key support levels as traders balance rising Middle East tensions against questions over future supply.
WTI steadies as traders brace for the EIA report after a massive API build, with the war premium keeping crude oil supported despite bearish inventory concerns.
The American Petroleum Institute (API) estimated that crude oil inventories in the United States rose by 11.4 million barrels in the week ending February 20, after falling by 609,000 barrels in the we
One of the least talked about dynamics of the global crude oil market is the role China plays in setting a floor and a ceiling for prices.