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
Commodities

Oil was up Friday morning in Asia holding its gains from the

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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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The Euro In Relief From Macron's Election Victory In France

The Euro in Relief from Macron’s Election Victory in France 

After French President Emmanuel Macron defeated far-right rival Marine Le Pen in the country’s first round of presidential elections on Monday, the euro seemed to be snapping a seven-day losing streak versus the dollar. Investor fears over the euro

oil

Oil prices gain pace as supply concerns dominate

On Thursday, oil prices rebounded as concerns about lower economic growth and demand stagnation weighed against tightening supplies. Brent crude futures increased 1.76% or 1.85 points to $108.68 per barrel. The international benchmark ticked up from a 0.42% loss

copper

Copper declines on lower global economic outlook

On Wednesday, copper prices stepped lower after the International Monetary Fund (IMF) slashed its forecast for global economic growth. The most active US futures tied to the metal dwindled 1.21% or 0.05 points to $4.66 per metric ton. It

Natural gas

Natural gas prices ease after hitting a 13-year high

On Tuesday, natural gas prices declined after touching a record high in the previous session as Russia’s invasion of Ukraine triggered a global supply crunch. Futures tied to the commodity declined 3.38% or 0.26 points to $7.56 per million

corn

Corn prices rally to decade high on supply risks

On Monday, US corn prices extended a surge to the highest in a decade as traders weighed threats to supplies from the war in Ukraine. The most-active maize contract on the Chicago Board of Trade added 0.81% or 6.40

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

oil

Oil prices gain pace as supply concerns dominate

On Thursday, oil prices rebounded as concerns about lower economic growth and demand stagnation weighed against tightening supplies. Brent crude futures increased 1.76% or 1.85 points to $108.68 per barrel. The international benchmark ticked up from a 0.42% loss to $106.80 per barrel yesterday. Similarly, West Texas Intermediate

copper

Copper declines on lower global economic outlook

On Wednesday, copper prices stepped lower after the International Monetary Fund (IMF) slashed its forecast for global economic growth. The most active US futures tied to the metal dwindled 1.21% or 0.05 points to $4.66 per metric ton. It trailed a drop of 1.75% to $4.72 per share

Natural gas

Natural gas prices ease after hitting a 13-year high

On Tuesday, natural gas prices declined after touching a record high in the previous session as Russia’s invasion of Ukraine triggered a global supply crunch. Futures tied to the commodity declined 3.38% or 0.26 points to $7.56 per million British thermal units. The March contract negatively traded from

corn

Corn prices rally to decade high on supply risks

On Monday, US corn prices extended a surge to the highest in a decade as traders weighed threats to supplies from the war in Ukraine. The most-active maize contract on the Chicago Board of Trade added 0.81% or 6.40 points to $797.40 per metric ton. This price reflects

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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