Leaders from the European Union are scheduled to meet this Friday at Helsinki, Finland. The EU ministers are set to discuss plans on how to keep the Iran nuclear deal alive. According to reports, the European Union’s plan will protect the passage of commercial ships in the Persian Gulf region. United Kingdom’s Foreign Secretary Dominic …
GBPAUD The pair failed to sustain its strength after it broke out from 200 MA, which will send the pair lower towards MA 50. Increasing global headwinds, threats to security, and sharpening trade tensions will shape the G7 (Group of Seven) leaders’ meeting in France where Prime Minister Scott Morrison represents Australia as a special …
Daily Market Charts and Analysis August 26, 2019 Read More »
Recently, OPEC’s share of the global oil market has plunged to 30%, the lowest in years. It is after results of supply limit and involuntary losses in Iran and Venezuela. Meanwhile, there is still a little sign, yet producers are uncertain on their output-cut strategy. In July 2019, crude oil from the Organization of the Petroleum …
USDPLN The pair was expected to move higher in the following days after it found a strong support line. Poland was sliding back from the European Union despite the efforts by the new European Commission President, Ursula von der Leyen, to unite the EU-member states. Poland supports the proposal by the Ukrainian President Volodymyr Zelensky …
USDCAD The pair is expected to breakout from 200 MA, which will send the pair higher towards the nearest resistance line. Canada’s ethics commissioner released a report that found Canadian Prime Minister Justine Trudeau violated ethics rules when he tries to pressure his former justice minister and attorney general to drop criminal charges against a …
On Friday, the Iranian supertanker that was seized last month due to suspicion of shipping petroleum products to Syria in breach of EU sanctions was set free to set sail from British territory Gibraltar. It was after a day of confusion surrounding the vessel’s fate. Gibraltar Chief Minister Fabian Picardo decided to lift the custody …
Iran Petroleum Products Tanker Departs from Gibraltar Read More »
Petroleum and oil products slump as traders focus on the escalating conflict between the United States and China. United States crude oil future went down 0.95 percent or 0.53 points in Monday’s trading sessions. Spot crude oil prices are currently selling at 55.13 US dollars. The US crude opened at 55.29 US dollars, slightly lower …
Petroleum and Oil Prices Decline as China Retaliates Read More »
In crypto news, Iran’s government officially recognized cryptocurrency mining as an industry after months of discussion and speculation. Meanwhile, miners manage powerful “farms” of computer equipment that participate in a global, decentralized computer network. This is to confirm dealings made with cryptocurrencies such as bitcoin. The government approves and notifies that cryptocurrencies mining is legal both …
Iran Legalizes Cryptocurrency Mining with Caution Read More »
Petroleum and crude oil prices inched down on Monday’s trading session as oil traders and investors worry about the global economic outlook. The weekend talks between Tehran and other global powers concluded on positive grounds. The outcome of Iran’s meeting gave hints of easing tensions in the Gulf to the oil market. The United States …
Crude oil and petroleum prices made a recovery in today’s trading session. Both US WTI crude oil and Brent oil futures took a dip in the earlier half of the day. Prices fell due to traders who say that Hurricane Barry caused supplies to fall. An analyst suggests that the weekly crude stockpile draw came …
Oil and petroleum prices recovered in Wednesday’s session. Oil futures are now trading in positive territories. The US WTI crude oil futures inched up 0.24 points or 0.42%. Commodities analysts and crude oil traders expected a slow and steady recovery. Crude oil barrels ranged from 56.86 US dollars to 57.27 US dollars in sessions. The …
Crude Oil Prices Slowly Recover as Tensions Rise Read More »
Conservative Party hopeful, Boris Johnson, wins the race for the British Prime Minister election on Tuesday. The Brexit campaigner will take his post on Wednesday. Johnson effortlessly topped over his rival Jeremy Hunt in voting. With a staggering 92,153 votes from members of the Conservative party, Johnson easily bagged the win. He acquired two-thirds of …
Crude oil and petroleum futures were seen in the trading flat in today’s session. The oil market continues to weigh on geopolitical tensions in the Middle East and the slowing demand. Brent oil futures, the benchmark for crude oil prices at the Atlantic, went down a mere 0.49 points or 0.79%. Brent oil prices reached …
Petroleum and Oil Prices trades flat in Wednesday’s session Read More »
Oil and petroleum prices have erased all signs of losses after gaining as Iran keeps oil traders on their feet. Crude oil WTI futures have risen 1.76% or 0.98 points. Prices of the light sweet crude oil in today’s trading range from $55.57 to $57.02. Crude oil barrels currently trade at $56.35 compared to its …
Oil and Petroleum Prices Rally as Iran Keep Tensions High Read More »
Bitcoin supported the majors through the week as $11,000 proved to be a step too far. Drawing back the gains from Saturday, Bitcoin closed at $10,569.4 at the end of the day. On Sunday, it plunged by 1.59%. Bitcoin was bearish in the morning, making the intraday high of $10,812 decline to an afternoon intraday …
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