Fri, March 29, 2024

Anna Dupont

Anna Dupont is a financial advisor with 10 years of experience in the US market. As our junior contributor, she shares her passion for business analytics. Mrs. Dupont graduated from the University of Brown with a major in finance and accounting.

Recovery in oil prices continues

Brent and WTI up more than a dollar on the day

Oil prices rose around $1 a barrel on Monday after encouraging data in Asia and Europe. However, investors remain cautious about sharp increases because of new coronavirus infections globally. The Benchmark Brent rose 69 cents, or 1.68%, to $41.71 a barrel, while West Texas Intermediate in the United States (WTI) gained $1.21, or 3.14%, at …

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Silver prices up

Silver’s price is ready for a rebound

Analysts argue that the global supply of silver mining production will increase in the medium term. Improvements and operational expansions overshadow the depletion of reserves. However, the forecasts for global recycling will be mixed.  On the demand side, increased battery and hybrid electric vehicles’ production will mean a higher silver load than traditional internal combustion …

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Mexico and the gobal economy

An earthquake closed Mexico’s largest oil refinery

Mexico’s National Petroleum Corporation says the Salina Cruz oil refinery has shut down due to an earthquake and a fire. The fire was quickly extinguished. However, the refinery is temporarily closed to prevent possible dangers. An earthquake of magnitude 7.4 killed at least four people on Wednesday. The location of the epicenter was in the …

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Copper Prices Rise and Rise Strongly

The price of copper reached its highest level since January

The price of copper has touched $2,675 per pound this week, the highest since January 27, when it reached $2,677 per pound. However, it has subsequently deflated. The second quarter of the year has been profitable for copper. The metal saw a sharp decline in March after the coronavirus outbreak in Europe. The price of …

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Crude Oil Prices slump, US stocks grow

Oil was shattered in response to a US statement

Oil prices fluctuated in trading on Tuesday after the White House trade adviser unexpectedly commented on China’s agreement. The US-China trade agreement has ended, is what he said. Although these statements were withdrawn later, the markets were terrified.  Brent crude dropped seven cents, or 0.1 percent, to $43.1 a barrel. WTI crude lost 14 cents, …

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Spot price of gold is on the rise

Unstoppable gold in the face of new Covid-19 infections

Gold moved to its highest level since 2012, fueled by concerns about the second wave of the coronavirus infections in the United States and Germany. In other news, the release of details about a proposed national security law from China caused a growing uncertainty in Hong Kong. Coronavirus cases increased in the United States, a …

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Crude Oil

The IEA ups its forecast for oil – the worst is over

The International Energy Agency (IEA) has revised its forecast upwards for world oil demand in 2020. It estimates an average of 91.2 million barrels per day, representing a drop of 8.6% compared to 2019. This is the most significant drop in history. However, compared to the previous forecast, it’s an improvement of 690,000 barrels a …

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