Oil Inventory Report – Prime Minister Justin Trudeau’s cabinet gave approval on Tuesday and scheduled to start shipping crude as early as 2022. As of right now, crude is priced above $5.6 billion after legal deferrals hampered the construction process. The Trans Mountain project, which would add 590,000 more barrels of daily shipping capacity per …
Gold prices are on the rise, and it broke nearly six years old record. Right now, the price of spot gold is $1,405 per ounce. Expectations are high that gold prices will reach even better results. There are various reasons why gold prices broke this record. We will discuss a couple of them. The U.S. …
Oil prices are rising as after several weeks of price fluctuations because of reduced demand coupled with the trade war. West Texas Intermediate (WTI) crude oil prices went up by 79 cents and reached $54.55 for a barrel. Brent oil price also increased and to more than $62 for a barrel. There are a couple …
Commodities: What is up with WTI Crude and Gold? Read More »
United States and China argument resulted in a dropped in oil prices. Click here for more information! – Wibest Broker
Spot price of gold held steady from U.S.-China trade worries after a sharp sell-off. Click here now to learn more! – Wibest Broker
Oil inventory report: Crude oil futures gains on fresh positions created by speculators. Click here for more! – Wibest Broker
Oil Inventory Report: Price decline on trade battle despite the sudden fall in US crude inventories. Click here now! – Wibest Broker
Gold Exchange rates held firm as US-China trade talks await. Want to know more? Click here now! – Wibest Broker
OIL INVENTORY REPORT – On Tuesday, oil prices trimmed down their gains after global measures of Brent crude strengthened above $73 a barrel. Meanwhile, doubts rose as Venezuelan President Nicolas Maduro wants uprising on possibilities of hitting the country’s crude exports as the market grew less. As military backing were called by Venezuelan opposition leader …
OIL INVENTORY REPORT – After the Energy Information Administration reported the first reduction in crude stocks in four weeks, oil trading weakened. On the last trade session of the US Crude Oil WTI Futures it traded at $63.80. Meanwhile, Brent Oil futures were at $71.61 untouched. Higher than the previous 1.2 million-barrel drop of crude …
OIL INVENTORY REPORT – Brent slipped further away from the $70 mark after topping that level during the previous session, while West Texas Intermediate (WTI) crude was also slumped, dragged down by concerns over trade negotiations. Brent crude futures for front-month delivery lost 26 cents, or 0.5 percent, hitting $69.4 per barrel. Last session, it …
Oil Inventory Report: Oil Slips, Headed for Gains this Week Read More »
OIL INVENTORY REPORT – The most recent major auction for oil and gas leases in the US Gulf of Mexico gained $244 million in high bids. This shows an uptick in interest from drillers that are seeking the region’s cheap prices. Companies submitted bids on1.26 million acres out of the 78.5 million acres (31.77 million …
Oil Inventory: Auction for Oil and Gas Lease Sees Uptick Read More »
BRENT – Brent crude futures slipped on Tuesday as the markets prepared for low demand growth for fuel, with the OPEC-led cuts on production still managing to buoy the market. Brent crude futures traded at $65.36 per barrel in the session, 0.5 percent down from the last session, losing 31 cents. Meanwhile, Us West Texas …
Brent: Oil Prices Slump on Lackluster Demand Outlook Read More »
Due to concerns over the apparent economic slowdown, and in spite of the supply cuts by oil cartel OPEC and US sanctions toward Venezuela, oil markets plummeted on Friday. US West Texas Intermediate (WTI) crude futures stood at $52.20 per barrel. This was 44 cents lower than the previous close, or 0.8 percent. Last session, …
Oil Prices Slump of Economic and Political Risks Read More »
Oil prices were steady on Monday in Asia after official data showed Chinese economic slowdown was in line with expectations and not as sharp as some analysts had feared. China’s economy expanded 6.4 percent during the fourth quarter of 2018 from a year earlier, as expected, official data from the National Bureau of Statistics showed …
Oil Prices Firm after Massive Increase Last Friday Read More »
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