A combination of factors helped to boost oil prices on Monday. Oil gained 2$ a barrel toward $72 on hopes the Omicron coronavirus variant would have a less damaging economic impact if its symptoms proved mostly mild and the prospect of an impending rise in Iranian oil exports receded. Hopefully, Anthony Fauci stated that “it …
On Saturday, the Iranian Rial fell but continued to be over historic lows. It occurred after reported news was shared that world leaders’ plans to strengthen the 2015 Iran nuclear agreement might face difficulties. Indirect U.S.-Iranian discussions on keeping the 2015 Iran nuclear deal broke off this Friday until the following week, with European officials …
Iranian Rial sinks as nuclear talks appear to hit roadblock Read More »
Back when Bitcoin has first established, it intended to go global and become the world’s cryptocurrency. However, widespread adoption has yet to occur. Bitcoin’s mass adoption would suggest that everyone uses it, that it can use to pay in every business and restaurant. That is not the case. Even now, in mid-2021, the majority of …
A Chinese logistics company has emerged as a primary player in sanctioned oil from Iran and Venezuela. However, it became blackballed by Washington two years ago for marketing Iranian crude. Seven sources from Reuters confirmed deals reported. The more prominent role of China Concord Petroleum Co, also recognized as CCPC, is its development into trading …
CCPC Takes Focus on Iran and Venezuela Oil Trade Read More »
Kabul fell, the Taliban occupied Afghanistan, parliament was invaded, and the country’s president and several citizens were forced to flee. The situation is only getting worse. Establishing control of Afghanistan by the Taliban could expand the stockpile. Moreover, armaments could threaten the Afghan people and global security. While working on illicit finance issues for years, …
The Taliban Control the Afghan Economy – Highlights Read More »
Forex Weekly Overview The forex market has some positive outcomes by the end of this week. The dollar got stronger after adjustment for inflation in the United States. The expectation of vital employment data might provide reasons for the United States to accelerate its policy tightening. The dollar rose slightly on Friday. This week, Fed …
Weekly overview of Forex, Crypto, Stocks and Commodities Read More »
Oil was falling Monday morning in Asia but continued little changed even as increasing numbers of coronavirus cases globally proceed to cloud the fuel demand outlook. Brent oil futures sank 1.16% to $72.59 by 1:31 AM ET (5:31 AM GMT) following going up to the Oct. 21 deal on Jul. 25, 2021. WTI futures slipped …
Oil drops as rising coronavirus reduce fuel demand Read More »
Oil was falling Monday morning in Asia after rising to levels last witnessed in October 2018. Negotiations within the U.S. and Iran on improving a nuclear deal are ready to proceed. At the same time, the Organization of the Petroleum Exporting Countries and partners (OPEC+) will attend later in the week. Brent oil futures were …
Oil prices crept higher on Friday and were on course for a fifth continuing weekly gain. This was due to expectations that demand increase would exceed supply, and OPEC+ producers would be careful in returning more product to the market from August. Brent was up 4 cents, or 0.1%, at $75.60 a barrel at 0854 …
Oil prices were mostly steady on Monday on growing demand in the northern hemisphere’s summer driving season. Still, traders propped for a return of Iranian crude supplies, notwithstanding a pause in talks to end U.S. sanctions. Brent crude for August fell 24 cents, or 0.3%, to $73.27 a barrel by 1255 GMT. U.S. West Texas …
Oil prices dropped for a second continuous session on Friday. The U.S. Dollar rose on the prospect of interest rate hikes in the United States. However, they were on course to end the week. Limited changed and only slightly off multi-year highs. Brent crude futures were under 52 cents, or 0.7%, at $72.56 a barrel …
Crude oil prices flew near multi-year highs on Thursday. They were buoyed by declining U.S. crude inventories, limiting the impact of a stronger U.S. dollar. Brent crude oil futures fell 12 cents, or 0.1%, to $74.27 a barrel by 1332 GMT. They score their highest after April 2019 in the past session. U.S. crude oil …
The oil market closed with little changes yesterday, with ICE Brent eking out a modest gain. Despite it looking increasingly doubtful, we will see the US re-join the Iranian nuclear deal before the Iranian Presidential Elections following this week. While Iran has stated a general agreement with the US on raising sanctions, some issues need …
Oil was falling Tuesday morning in Asia, extending Monday’s declines as the fragile state of the global economic recovery from coronavirus influences the fuel demand outlook. Brent oil futures dropped 0.77% to $70.94 by 11:38 PM ET (3:38 AM GMT), but remained over the $70-mark. WTI futures were falling 0.74% to $68.72. Trade data from …
Oil prices were little modified on Thursday after solid gains in the prior two sessions on expectations for rising fuel demand later this year while major producers manage supply discipline Brent crude futures were higher at 16 cents, or 0.22%, at $71.51 a barrel by 1244 GMT after reaching their highest after September 2019 at …
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