Page 108 - Texas Intermediate News Today

USD/CAD seems to remain tepid amid firmer US Dollar (USD) and Crude oil prices.

Western Texas Intermediate (WTI), the US crude oil benchmark, is trading around $84.60 on Wednesday.

WTI futures traded around $85.80 per barrel, as of 9 a.m. ET. That’s a drop of 0.61% in the last 24 hours.

Oil prices were little changed on Wednesday after two straight days of losses, as the deadlock in Gaza ceasefire talks renewed uncertainty about the security of supplies from the Middle East, offsetting a bigger-than-expected build in US crude inventories. Brent crude futures were up marginally at $89.49 per barrel at 0330 GMT, while US West Texas Intermediate (WTI) crude futures rose 8 cents to $85.31.

Brent crude futures fell 91 cents to $89.7 per barrel by 12:50pm ET; US West Texas Intermediate crude futures were down $1.12 at $85.29.

(Bloomberg) — Asian stocks eked out mild gains in range-bound trade ahead of key inflation data that will provide fresh clues about the Federal Reserve’s policy outlook. Shares advanced in Australia and a gauge of Hong Kong-listed Chinese stocks gained for the third day, taking its advance from a recent low to about 20%. Benchmarks…

Brent crude futures were up 30 cents at $89.72 per barrel at 1010 GMT, while U.S. West Texas Intermediate crude futures rose 29 cents to $85.52

Sensex jumps 354 points to settle at 75,038. Nifty gains 111 points to 22,754. Nifty metals index rose 1.2%, hitting a record high for the second straight session.

The consumer price index "is the critical number this week", said NatAlliance Securities Andrew Brenner.

Brent crude futures last dropped 28 cents, or 0.3 per cent, to $89.14 per barrel, while US West Texas Intermediate crude futures fell 35 cents, or 0.4 per cent, to $84.88