Sun, December 04, 2022

Oil trading

oil

Oil Prices Are Rising

Oil Prices Are Rising Oil futures rose on Tuesday, supported by signs that China may relax COVID-19 restrictions following protests that sent crude prices tumbling the previous session. Early on Monday, oil prices dropped sharply. They briefly wiped out their gains from 2022, as protests in China over the country’s stringent COVID-19 restrictions sparked worries …

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Europe Enegy

Could Europe’s Energy Crisis Backfire?

According to Europe’s top energy exchanges, they said that a planned restriction on natural gas prices poses a severe danger to the region’s supply security and financial stability and would do little to decrease energy costs. The Association of European Energy Exchanges stated in a joint letter that the European Commission’s intention to propose a …

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Oil

Ease of Geopolitical Tensions Drags Oil Prices Down

The price of oil continued to fall on Thursday as anxieties about global unrest subsided and concerns about demand in China, the world’s largest petroleum importer, increased because of an increase in COVID-19 cases. Fears of the conflict between Russia and Ukraine spilling over the border were eased when Poland and NATO indicated that the …

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Price of oil per barrel rise amid weak US dollar

Commodity Prices Look Better in Sixty Years

Commodity costs have soared to a staggering start to the month, with their largest back-to-back weekly increases since 1960. Twenty-seven commodities, ranging from metals to energy to agriculture, have recorded spectacular double-digit single-day gains this quarter, outperforming every asset class. Commodities are commonly experiencing 10% or more in back-to-back gains virtually every week, which we …

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