Fri, March 29, 2024

Oil trading

Wibest – Oil Petroleum: crude oil barrels.

Oil Petroleum Prices Jump as Middle East Tensions Tighten

Oil petroleum prices jump by almost three percent in today’s trading sessions, thanks to the Middle East conflict. In previous sessions, the trade war between China and the United States drove crude prices in every direction.   WTI crude oil or West Texas Intermediate futures jumped 2.80% or 1.71 points this Friday’s trading sessions. WTI …

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Wibest – Oil and petroleum: Red crude oil barrels.

Oil and Petroleum Prices Start the New Year with Gains

Oil and petroleum prices advance with good momentum this second day of the year. Major futures – Brent and WTI crude oil contracts – are running in green territories. West Texas Intermediate futures or WTI crude oil contract rose 0.44% or 0.27 points this Thursday’s trading. WTI crude barrels now trade for $61.33, edging higher …

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Wibest – Oil petroleum: Yellow oil barrels stacked together.

Odds Are Working in Favor of Oil Petroleum Prices | Wibest

Oil petroleum futures stand firm on three-month highs thanks to the right set of fundamentals backing up traders. The improving US economy – mainly the strong consumer spending – and the brightening trade deal prospects. Bulls are looking to close 2019 with good gains and continue their solid momentum in early January. Despite stubbornly range-bound …

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Wibest – Oil and Petroleum: A man picking up crude oil with his bare hands.

Oil and Petroleum Futures Sees Gains, Market Stays Calm

As the market rests and relaxes for the holiday season, oil and petroleum bulls are having their way in the market. Although the emerging markets across the globe are not open today due to Christmas celebrations. Analysts point to trade agreement optimism as the main source of strength for today’s rally. West Texas Intermediate contract …

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Wibest – Iran: Iranian and Saudi Arabian flags.

The Clash of Middle Eastern Titans: Iran and Saudi Arabia

Iran and Saudi Arabia have been long-time rivals. And this year, things just got more complicated. The Iran-Saudi Arabi Proxy Conflict or Iran-Saudi Arabia cold war, as they call it, started when the Iranian Revolution flared up in 1979. On the other side, Saudi Arabia is building up its leadership in the Muslim world by …

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Wibest – Dollar: A close up of a US dollar bill.

Prominent Abuse on the American Dollar | Wibest Broker

American financial writer Jeff Siegel recognized the power of the American dollar in an essay earlier this year. He claimed it’s the foundation of its superpower status, and once it’s devalued, the US can lose “everything.” As the now-impeached President Donald Trump abused the USA’s capabilities, more people are beginning to realize the country has. …

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Wibest – Spot Gold Prices: Two gold bars over a gold clothe.

Spot Gold Prices Rally Ahead of the Holidays | Wibest

Commodities on the market are on the move again thanks to recent news about the US-China trade war. Spot gold prices climb to monthly highs after China criticized the new US interface. The highly volatile metal’s safe-haven appeal is gleaming thanks to the two biggest economies. Aside from that, the holiday sessions – Christmas and …

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Wibest – Oil Petroleum: Crude oil barrels.

Trade War Progress Helps Keep Oil Petroleum Prices Steady

Oil petroleum futures are on their three-month highs today thanks to the progress in the US-China trade deal. Investors are ending their week on a good note as bears fail to drag prices lower. West Texas Intermediate futures or WTI crude oil prices steady today, dipping only by 0.03% or 0.02 points in trading sessions. …

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Wibest – Oil and petroleum: Workers wearing reflective gear and a hard hat busy counting oil barrels.

Inventories Dip, Oil and Petroleum Prices Steady | Wibest

The seesaw of results from weekly crude inventory reports caused oil and petroleum prices to steady this Thursday. Prices are still on their third-month highs as of today. Earlier today, the US Energy Information Administration reported a draw in American crude oil stockpiles. That follows an unexpected increase reported by the American Petroleum Institute on …

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