The drone attack on Saudi Aramco’s facilities sent shockwaves around the world. This incident happened laws week. That fact is not surprising at all because Saudi Arabia is the biggest oil exporter in the world. The price fluctuations also affected the stock markets. Moreover, this was the only problem of the oil sector which influenced …
Stock markets are still under the influence of the attacks on Saudi Arabian oil facilities. This incident happened on Saturday. Nevertheless, it remains as one of the most important topics even several days after the incident. It is not surprising because Saudi Arabia is the second biggest oil producer in the world. Another issue which …
Stock markets and the global economy Sep 17, 2019 Read More »
Stock markets and regional tensions in the Middle East The stock markets in the U.S. and Europe reacted to the news that Houthi rebels attacked the oil processing plants. On Saturday, Houthi rebels claimed the responsibility for the attack which damaged the oil processing plant in Abqaiq. It is worth mentioning that this plant is …
Stock markets and regional tensions in the Middle East Read More »
The Lebanese government is set to declare a state of emergency for their country’s economy. Lebanon’s plan will trigger or start acceleration reforms to support the faltering Lebanese economy. The nation’s prime minister, Saad Hariri, emphasized the vitality of lessening to the country’s deficits to local media on Monday. Hariri’s media appearance came after a …
In a news report, calculations showed petroleum product sales remained stable at nearly $500 million a month from the Islamic Republic together with its shipping data. Meanwhile, U.S. sanctions on Iran’s oil industry have reduced the OPEC countries’ crude exports by more than 80%. Sanctions have almost affected Iran’s exports of oil products, mainly fuel …
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 »
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 …
Crude oil prices inched up after the report from the weekly US stockpile was released. The data showed a drop far more than what analysts expected. The US West Texas Intermediate crude oil futures rose 1.05 percent or 0.61 points in Wednesday’s trading sessions. A barrel of the US crude currently sells at 58.60 US …
Crude Oil Gains After the Weekly US Inventory Data | Wibest Read More »
Oil prices held on to their gains on Friday, thanks to the fall in US oil inventory report. For figures, US Crude Oil WTI Futures gained 0.3% to $56.21. Meanwhile, benchmark Brent Oil Futures crept 0.1% higher, trading at $63.45. Looking at the bigger picture, WTI is 23% higher so far this year. Brent has …
Oil Gains on Lower Inventory Report| WibestBroker Read More »
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 »
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 »
The Gold USD exchange pair skyrocketed in the earlier half of Friday’s trading session. Prices later fell during the second half of the day after failing to hold on to its gains. Gold spot prices started the day around 1,427.99 US dollars before suddenly jumping up as high as 1,453.01 US dollars. After a strong …
Gold USD Surges but Fails to Hold onto its Gains Read More »
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