Middle East Archives

Weekly Overview: Forex, Stocks, Crypto, Commodities May 13

Leave a Comment / Weekly Overview / By taylor smith

Global markets and trends change every day. Several big influencers cause price movements every second. How are you doing this week in Forex, Stocks, Cryptocurrencies, and Commodities? Our weekly overview will answer this question and summarize this week’s overall market performance. Forex Weekly Overview The dollar edged lower in early European trade on Friday. Still, …

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Why the Europe and US Can’t Control Crypto Alone?

Leave a Comment / Cryptocurrencies / By Vicki Wright

Crypto detains lawmakers on both sides of the Atlantic. They need to work together – and in this regard, with other legislators worldwide. A more boundless approach is required for technology that pays less attention to boundaries. In March, U.S. Senators Kirsten Gillibrand and Cynthia Lummis announced their co-sponsorship of comprehensive crypto legislation. Pat Toomey submitted a …

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Oil extends retreat as China’s Covid crisis grows

Leave a Comment / Commodities / By John Marley

On Monday, oil prices skidded as investors tracked a worsening Covid-19 outbreak in China. Brent Crude futures declined 0.39% or 0.32 points to $104.05 per barrel. The international benchmark extended a drop of 0.85% to $103.50 per barrel yesterday. Likewise, US West Texas Intermediate lost 0.60% or 0.57 points to $98.70 per barrel. It followed …

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Diesel shortage signals slow economic growth in Europe

Leave a Comment / Commodities / By John Marley

European countries currently grapple with the risk of a diesel shortfall as deeper sanctions on Russia could disrupt imports. The heavy industry significantly relied on this liquid fuel for its main processes. This includes transportation, farming, fishing, power, and heating sectors. However, the surging value of diesel further pushes up fuel and transportation costs. Correspondingly, …

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Sunflower oil jumps on shortages due to Ukraine war

Leave a Comment / Commodities / By John Marley

On Wednesday, sunflower oil prices significantly jumped after Russia’s invasion of Ukraine halted worldwide supply. Accordingly, contracts tied to the Black Sea commodity surged 9.56% or 140.00 points to $1604.00 per metric ton. The previous week settled around $1,950.50 per metric ton, the highest level since 2018. In line with this, the price of edible …

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Wheat prices steps higher on supply worries

Leave a Comment / Commodities / By John Marley

Wheat prices gained pace on Tuesday as the escalating Russia-Ukraine war heightened concerns over global supplies. US futures tied to the grain edged up 2.98% or 33.40 points to $1,152.50 per metric ton. It extended a Monday’s jump of 4.09% to $1,119.25 per metric ton. Last week, wheat prices touched record highs, although they slightly …

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Brazil Unable to Add Oil to The Market Any Faster

Leave a Comment / Economy / By John Marley

Brazil aims to progressively increase its oil and gas output by 3 million barrels per day. However, it won’t be able to do it quickly enough to compensate for a Russian oil embargo, according to Rodolfo Saboia, the country’s top oil regulator. The South American country, which is one of the largest and fastest-growing non-OPEC …

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Winter Storm and its Impact on Oil Prices

Leave a Comment / Commodities / By Bob Fetti

There are numerous factors that have the potential to affect oil prices. Interestingly, oil prices rose on Friday, extending sharp gains in the previous session as frigid weather swept across large swathes of the United States, threatening to further disrupt oil supplies. Brent crude gained 42 cents or 0.5% to $91.51 a barrel by 07:45 …

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Oil Prices Declined Due to U.S. Payrolls Data

Leave a Comment / Commodities / By Bob Fetti

Oil prices suffered losses on Thursday following weak U.S. payrolls data as well as some profit-taking. Still, they remained supported by tight supply as OPEC+ producers stuck to planned moderate output increases. Brent crude dropped 61 cents or 07% to $88.86 a barrel by 09:15 GMT. On Wednesday, Brent crude gained 31 cents. U.S. West …

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Oil Prices Declined On the First Day of February

Leave a Comment / Commodities / By Bob Fetti

Oil prices fell on Tuesday, staying close to a seven-year high hit last week, weighed by expectations of a rise in U.S. inventories, even though the prospect of a limited production hike by OPEC+ countries as well as solid demand growth lent support. The wider rally was expected to persist, nonetheless. The OPEC and its …

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Oil Prices Benefited From Political Tensions

Leave a Comment / Commodities / By Bob Fetti

There is no lack of factors that have the potential to affect oil prices. Oil prices rose on the last day of the month as a supply shortage and political tensions in Eastern Europe and the Middle East put prices on course for their biggest monthly gain in almost a year. On Monday, Brent crude …

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Gold Fell on Thursday But What About Other Precious Metals?

Leave a Comment / Commodities / By Bob Fetti

The price of gold or yellow metal, as some people call it, declined on Thursday morning in Asia, extending its losses after falling the most in two months. Investors continue to analyze a more hawkish-than-expected position from the Federal Reserve amid hints of “imminent” interest rate hike. On Wednesday, the central bank indicated it could …

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What is the Connection Between Oil Prices and Tensions?

Leave a Comment / Commodities / By Bob Fetti

On Tuesday, oil prices rose, recovering some of the previous day’s losses. Interestingly, oil prices rose as growing tensions over Ukraine and the Middle East fuelled concerns regarding possible supply disruptions. Brent crude futures gained 61 cents or 0.7% to $86.88 a barrel at 07:22 GMT. On Monday, Brent crude futures dropped 1.8%. U.S. West …

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Geopolitical Risks Helped to Boost Oil Prices

Leave a Comment / Commodities / By Bob Fetti

Oil prices benefited from tensions around the world. Prices rose on Monday on worries regarding supply disruption amid concerns about Russia-Ukraine discord and rising tensions in the Middle East. Brent crude gained 33 cents or 0.4% to $88.02 a barrel by 11:49 GMT. U.S. West Texas Intermediate (WTI) crude added 24 cents or 0.3% to …

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Oil Prices Dropped As Investors Took Profits

Leave a Comment / Commodities / By Bob Fetti

Oil prices declined on Friday, after rising to seven-year highs this week. Oil prices fell on Friday after an unexpected rise in U.S. crude as well as fuel inventories and as investors took profits. On Friday, Brent crude futures dropped $1.49 or 1.6% to $86.89 by 10:10 GMT. It earlier declined by as much as …

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Middle East

Weekly Overview: Forex, Stocks, Crypto, Commodities May 13

Why the Europe and US Can’t Control Crypto Alone?

Oil extends retreat as China’s Covid crisis grows

Diesel shortage signals slow economic growth in Europe

Sunflower oil jumps on shortages due to Ukraine war

Wheat prices steps higher on supply worries

Brazil Unable to Add Oil to The Market Any Faster

Winter Storm and its Impact on Oil Prices

Oil Prices Declined Due to U.S. Payrolls Data

Oil Prices Declined On the First Day of February

Oil Prices Benefited From Political Tensions

Gold Fell on Thursday But What About Other Precious Metals?

What is the Connection Between Oil Prices and Tensions?

Geopolitical Risks Helped to Boost Oil Prices

Oil Prices Dropped As Investors Took Profits

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