empty
 
 

17.09.202501:14:51UTC+00Oil Holds Near Two-Week High

WTI crude oil futures remained steady around $64.5 per barrel on Wednesday, maintaining the majority of their three-day gains and approaching a two-week high. Market participants are evaluating the increased supply risks following Ukraine's escalated drone attacks on Russian refineries and export facilities. Industry insiders reported that Transneft cautioned producers about potential production cuts, although the company dismissed this as Western misinformation. In addition to these geopolitical tensions, oil prices found further support from the anticipated Western sanctions on Russia and possible new restrictions on purchasers of Russian crude. Investors are also closely monitoring the Federal Reserve’s policy decision, with a widely expected interest rate cut likely to stimulate economic growth and increase fuel demand. Meanwhile, industry data revealed that US crude oil inventories decreased by 3.42 million barrels last week, significantly exceeding the projected reduction of 1.6 million barrels.

  • Grand Choice
    Contest by
    InstaForex
    InstaForex always strives to help you
    fulfill your biggest dreams.
    JOIN CONTEST
  • Chancy Deposit
    Deposit your account with $3,000 and get $3000 more!
    In September we raffle $3000 within the Chancy Deposit campaign!
    Get a chance to win by depositing $3,000 to a trading account. Having fulfilled this condition, you become a campaign participant.
    JOIN CONTEST
  • Trade Wise, Win Device
    Top up your account with at least $500, sign up for the contest, and get a chance to win mobile devices.
    JOIN CONTEST
  • 100% Bonus
    Your unique opportunity to get a 100% bonus on your deposit
    GET BONUS
  • 55% Bonus
    Apply for a 55% bonus on your every deposit
    GET BONUS
  • 30% Bonus
    Receive a 30% bonus every time you top up your account
    GET BONUS


现在无法通话?
提出您的问题,用 在线帮助.
Widget callback