Thu, May 02, 2024

Middle East

Oil and Petroleum Prices Slip Over Possible US-Iran Talks

Oil and petroleum prices went down in Thursday’s trading over the news of possible trade talks between Tehran and Washington. Crude oil WTI futures lost 0.39% or 0.22 points in the session. A barrel of the average oil costs around 56.56 US dollars, compared to its opening price of 56.55 US dollars and its previous …

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Four cast gold bars of different size isolated on white background.

Gold Nears 6-year High as US-Iran Strain Persists

On Tuesday, with the persisting conflict in the Middle East, gold prices strengthened in Asia. August delivery of Gold futures increased by about 1.5% at $1,439.30. The Comex division of the New York Mercantile Exchange reported the increase. Spot gold climbed up 0.3% at $1,402.50 per ounce, bearing a fifth straight session of gains. Gold …

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Market Charts and Analysis

Daily Market Charts and Analysis June 17, 2019

Here are the latest market charts and analysis for today. Check them out and know what’s happening in the market today. GBPCAD The GBPCAD pair is within a tight range after the pound’s plummet against the Canadian currency as the Middle East tensions mount. Oil prices collapsed last Friday as international trade tensions took the …

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Actuated control valve on offshore oil and gas central processing platform

Oil Stable on Sell-off, Stays under Pressure from Oversupply

On Wednesday, oil steadied following its biggest declines for years. However, it stayed under pressure from concerns such as oversupply and slowdown in the global economy, weakening the demand for fuel. As of 0840 GMT, there was a 30-cent increase in the Benchmark Brent crude oil at $56.56 a barrel. This followed after it made …

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