Mon, October 03, 2022
OPEC Organization of the Petroleum Exporting Countries
Commodities

OPEC+ sources said that the group’s oil producers are considering reducing its

OPEC Organization of the Petroleum Exporting Countries
Commodities

OPEC+ sources said that the group’s oil producers are considering reducing its

OPEC Organization of the Petroleum Exporting Countries
Commodities

OPEC+ sources said that the group’s oil producers are considering reducing its

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OPEC Organization of the Petroleum Exporting Countries
Commodities

OPEC+ sources said that the group’s oil producers are considering reducing its

Oil Recovers Slightly Despite Potential Conflict
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On Monday, oil prices scored multi-year highs buoyed by improving demand and

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OPEC Organization of the Petroleum Exporting Countries

OPEC+ To Cut the Output By 0.5-1 Million BPD

OPEC+ sources said that the group’s oil producers are considering reducing its output target at a meeting on October 5. They aim to reduce between 500,000 and 1M barrels per day (BPD) to stabilize

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FOREX NEWS

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Forex traders adopted risk-off sentiment on Tuesday

Forex Market Overview: How Are USD And EUR Holding Up?

The forex market worries investors. The euro fell to a fresh 20-year low on Wednesday as fears of rising energy prices and possible shortages cast a shadow over the eurozone economy, while demand for safe-haven assets pushed the dollar

Baht

Asia’s Exchange Markets on a Rise, Thai Baht Leads The Way

The Thai baht and Malaysian ringgit led advances among developing Asian currencies on Thursday, as the dollar fell after the US Federal Reserve hiked rates by an expected 50 basis points but lowered its rate-hike forecast. The baht (THB=TH)

The Dollar At 20-Year Highs, And Might Headed For Higher

The Dollar At 20-Year Highs, And Might Headed For Higher

On Wednesday, the dollar index fell further from 20-year highs, with the US Federal Reserve expected to hike interest rates by a half-point later in the day and by 250 points. After experiencing wild gyrations in recent weeks, currency

rouble

Kherson ResistsThe Russian Rouble Amid War

According to Russia-backed troops that have taken control of Kherson in southern Ukraine, the Russian rouble will be used starting Sunday.   However, Kherson’s Ukrainian mayor, Ihor Kolykhaiev, who was recently deposed by Russian authorities, has stated that he

Natural gas

Natural gas ticks lower on slow output forecasts

On Monday, natural gas prices declined as experts forecasted a slow rise in output, milder weather, and a drop in demand in the coming weeks. Futures tied to the commodity slashed 2.16% or 0.17 to $7.97 per MMBtu. It

Wheat

Wheat prices ease, but set for a weekly rise

On Friday, wheat prices stepped lower, but the commodity remained on course for a weekly gain. The continued tightened global supplies have significantly supported the market. The grain’s most active contract on the Chicago Board of Trade skidded 0.82%

Natural gas

Natural gas prices record highest level since 2008

On Thursday, natural gas prices gained pace after touching the highest level in nearly 14 years. This movement came as Russia’s invasion of Ukraine wreaked havoc on global energy markets. Accordingly, Henry Hub prices rocketed to more than 9.00%

Oil

Oil leaps as EU confirm ban on Russian crude

On Wednesday, oil prices ticked higher as the European Union, the world’s largest trading bloc, stated plans to phase out imports of Russian crude. Brent oil futures increased 3.57% or 3.77 points to $108.75 per barrel. The international benchmark

BROKER NEWS

OPEC Organization of the Petroleum Exporting Countries

OPEC+ To Cut the Output By 0.5-1 Million BPD

OPEC+ sources said that the group’s oil producers are considering reducing its output target at a meeting on October 5. They aim to reduce between 500,000 and 1M barrels per day (BPD) to stabilize the market. An OPEC source estimated the likely number was closer to 500,000 BPD earlier

Natural gas

Natural gas ticks lower on slow output forecasts

On Monday, natural gas prices declined as experts forecasted a slow rise in output, milder weather, and a drop in demand in the coming weeks. Futures tied to the commodity slashed 2.16% or 0.17 to $7.97 per MMBtu. It trailed a plunge of 10.21% to $7.96 per MMBtu

Wheat

Wheat prices ease, but set for a weekly rise

On Friday, wheat prices stepped lower, but the commodity remained on course for a weekly gain. The continued tightened global supplies have significantly supported the market. The grain’s most active contract on the Chicago Board of Trade skidded 0.82% or 9.12 points to $1,096.88 per metric ton. This

Natural gas

Natural gas prices record highest level since 2008

On Thursday, natural gas prices gained pace after touching the highest level in nearly 14 years. This movement came as Russia’s invasion of Ukraine wreaked havoc on global energy markets. Accordingly, Henry Hub prices rocketed to more than 9.00% at one point to a session high of $8.17

Oil

Oil leaps as EU confirm ban on Russian crude

On Wednesday, oil prices ticked higher as the European Union, the world’s largest trading bloc, stated plans to phase out imports of Russian crude. Brent oil futures increased 3.57% or 3.77 points to $108.75 per barrel. The international benchmark completely reversed a downturn of 1.58% to $105.88 per

Broker News

FxPro UK Reports 48% Revenue Drop in 2021

FxPro UK Limited, the FCA-regulated subsidiary of the Cyprus-based group, published its financials for the fiscal year 2021, ending on December 31. The report showed that the broker’s revenue decreased 48 percent to £900,365

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