empty
 
 

04.02.202616:51:30UTC+00Oil Steadies on Wednesday

West Texas Intermediate (WTI) crude oil futures remained stable at approximately $63.2 per barrel on Wednesday. This steadiness reflects a complex interplay between escalating geopolitical tensions in the Middle East and a reduction in US crude stockpiles. Iranian Foreign Minister Abbas Araghchi and US envoy Steve Witkoff are slated to engage in indirect discussions in Oman this Friday, focusing on Iran's nuclear program and potential sanctions relief. These talks occur amid heightened concerns over possible conflict in a region responsible for about one-third of the world's crude oil supply. Tensions have risen following the US's decision to down an Iranian drone and President Donald Trump's threats of military intervention. In addition, a US-flagged tanker, the Stena Imperative, recently faced harassment from small armed vessels in the strategically significant Strait of Hormuz. On the supply side, the US Energy Information Administration reported a decrease in crude inventories by 3.5 million barrels last week. This reduction was less substantial than the anticipated 11.1 million barrels decline forecast by the American Petroleum Institute (API) on Tuesday.

  • 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 $1000 more!
    In February we raffle $1000 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
  • 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