WTI Edges Higher to Near $70.00 on China Stimulus, New EU Sanctions Against Russia

FXStreet00:03 ET

Crude Oil Rises on Wednesday, WTI Taps $70 per Barrel

FXStreet17:29 ET

Overnight U.S. stocks | The Nasdaq broke 0.02 million points, setting a historical high, and Musk became the first person in the world with a net worth exceeding 400 billion.

As of the close, the Dow Jones Industrial Average fell 99.27 points, a decrease of 0.22%, closing at 44,148.56 points; the Nasdaq rose 347.65 points, an increase of 1.77%, closing at 20,034.89 points; the S&P 500 Index rose 49.28 points, an increase of 0.82%, closing at 6,084.19 points.

Zhitong Finance17:00 ET

International oil prices rose on Wednesday as the EU agreed to implement a new round of sanctions against Russia.

In the early morning of the 12th Beijing time, international Crude Oil Product prices rose on Wednesday. The EU agreed to a new round of sanctions threatening Russian oil exports, which boosted oil prices. However, last week's increase in USA fuel inventories exceeded expectations, limiting the increase.

Global Market Report15:05 ET

Update: WTI Rises on China Demand Hopes, As U.S. Inventories Fall and OPEC Trims Its Demand-Growth Forecast

MT Newswires14:40 ET

January WTI Crude Oil Contract Closes Up US$1.70; Settles at US$70.29 per Barrel

MT Newswires14:32 ET