Read more
10:20 AM · 12 September 2024

OIL.WTI gains 1.7% as Francine hurricane hit US oil production output

-
-
Open account Download free app

Oil prices continue to rise today, as the US dollar was supported by yesterday CPI data, and suspension of a significant portion of production capacity in the Gulf of Mexico after Hurricane Francine hit the Louisiana coast this night. About 39% of US production capacity in the Gulf of Mexico was stopped because of that. Fears over US oil production output may support WTI price rises to $70 zone, where we can see first, strong resistance zone. On the other hand, to indicate rally, oil would need very solid economic data, especially from Chin and the US. As for now, the major trend is still headed downward.

Source: xStation5

12 February 2026, 7:03 PM

Daily summary: Silver plunges 9% 🚨Indices, crypto and precious metals under pressure

12 February 2026, 4:41 PM

🚨Gold slumps 3% amid markets preparing for Chinese Lunar Year pause

12 February 2026, 4:19 PM

Cocoa falls 2.5% to the lowest level since October 2023 📉

12 February 2026, 4:08 PM

NATGAS muted amid EIA inventories change report

Join over 2 000 000 XTB Group Clients from around the world
The financial instruments we offer, especially CFDs, can be highly risky. Fractional Shares (FS) is an acquired from XTB fiduciary right to fractional parts of stocks and ETFs. FS are not a separate financial instrument. The limited corporate rights are associated with FS.
This page was not created for investors residing in Brazil. This brokerage is not authorized by the Comissão de Valores Mobiliários (CVM) or the Brazilian Central Bank (BCB). The content of this page should not be characterized as an investment offer in Brazil or for investors residing in that country.
Losses can exceed deposits