Tag: Oil trading
How President Biden Plans to Lower Oil Prices
President Joe Biden wants to reduce oil prices as soon as possible. He even asked OPEC to increase production. However, OPEC and its allies...
Oil Prices Were Steady After Suffering Losses on Wednesday
On Thursday, oil prices were stable after falling in the previous session. One day earlier, oil prices fell due to concerns regarding the inflation...
Oil Giant BP Surpassed Expectations in the Third Quarter
BP is regarded as one of the major companies in the oil and gas industry for a reason, the company reached good results in...
Covid-19 Pandemic and its Impact on Oil Prices
The Covid-19 pandemic had a tremendous impact on the oil industry. At one point, oil prices briefly fell below zero. Nonetheless, oil prices have...
Oil Prices Fell on the First Day of November
Oil prices declined on the first day of November as China’s release of gasoline and diesel reserves helped to reduce concerns regarding tight global...
The Rise in COVID Cases Pushes Oil Down
Official numbers revealed a surprising increase in oil stocks in the United States, as COVID-19 cases rise in Europe, Russia. Hence, oil prices fell...
Oil Scores Multi-Year High Then Drops
Oil caught a three-year high of over $86 per barrel on Thursday inspired by tight supply and a global energy crunch. However, prices reduced...
Oil drops as hurricane influences on U.S. refining
Oil prices slid on Tuesday between worries that power outages and flooding in Louisiana following Hurricane Ida will lower crude demand from refineries while...
Hurricane Ida crashes the critical U.S. oil port
Hurricane Ida approached landfall on Sunday as a Category 4 storm near Port Fourchon, Louisiana, hitting critical U.S. oil infrastructure with blows upward to...
Oil falls under $66
Distribution of the Delta variant in areas of low vaccination is pushing transmission of coronavirus, the World Health Organization stated. CVID-19-related deaths have spiked...
Oil Drops Over Continuous Fuel Demand Worries
Both Brent and WTI futures were below the $70-mark, following slumping higher than 5% over the preceding six assemblies. They traded near their weakest...
Oil Prices Dragged Down by Low Asian Demand
Brent crude was under 26 cents, or 0.3%, at $69.25 by the barrel as 0918 GMT, following growing as high as $69.77 earlier in...
OPEC+ supply increase unlikely
On Wednesday, U.S. President Joe Biden's administration requested the Organization of Petroleum Exporting Countries (OPEC) and its partners, identified as OPEC+, to increase production...
Weekly Overview-Forex, Crypto, Stocks, Commodities
Forex market
The world economy is slightly progressing. In the article, we will discuss some essential updates in Forex, Crypto, Stocks, and Commodities and overview the...
Crude Oil Futures Even on Mixed EIA Report
At 11:38 am Singapore time (0338 GMT), the ICE October Brent futures contract was more extra. It lead 11 cents/b (0.15%) from the previous...