WTI crude oil and Brent oil prices rallied this Monday’s trading sessions as traders fear about the global economy. Aside from that, crude prices also received support from the biggest weekly selloff for more than two months. Crude prices are attempting to bounce back from the biggest weekly fall since-mid July. Oil traders are now …
Crude Oil Prices Rise Against Global Economy Concerns Read More »
West Texas Intermediate or WTI crude oil and benchmark Brent oil prices went up in today’s sessions. Demand concerns were raised after weak US economic data was released, causing WTI crude and Brent oil to gain. Aside from that, the big loss in oil inventory stocks also helped petroleum and oil prices to rally in …
WTI Crude Prices Go Up Despite Weak US Data | Wibest Read More »
One of the main advantages of cryptocurrencies is that it is a decentralized system. It means that central banks are not controlling this industry. As a result, it is hard to track crypto payments. This fact makes the crypto money, more attractive to various companies as well as countries. One of the counties which realized …
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The digital currency market is developing in many countries. It is not a secret that cryptocurrencies offer several advantages in comparison with fiat currencies. However, there are countries that are trying to use crypto money to evade the sanctions. Another problem is the hackers who are engaged in illegal activities. It is important to mention …
After a few days of continuous contraction, WTI crude oil prices finally go up. The upsetting weak economic data from the United States pushed down global stock markets thus triggering oil to go up. As traders feel some concern for supplies, WTI crude and Brent oil jump over one percent in sessions. West Texas Intermediate …
WTI Crude Prices Rally After Inventory Drop | Wibest Read More »
Here are the latest market charts and analysis for today. Check them out and know what’s happening in the market today. GBPCHF The pair is trading weakly after reaching weekly highs in the previous sessions. At the same time, intraday record lows have been reached. The price is traded above the 50-day moving average but …
Daily Market Charts and Analysis October 02, 2019 Read More »
Here are the latest market charts and analysis for today. Check them out and know what’s happening in the market today. AUDJPY The pair is trading in the red, although the 50-day moving average serves as a solid support base line for the price. It has recently reached week highs, but it then settled the …
Daily Market Charts and Analysis October 1, 2019 Check it Read More »
The oil market shifts its focus to the OPEC production cuts for September. After the attack against Saudi Arabia, OPEC oil output has fallen to an eight-year low for the previous month. The drop deepened the impact to the supply pact and the US sanctions on Venezuela and Iran. According to reports, the Organization …
Oil prices contract in today’s trading as the Chinese economic outlook continues to falter despite improvement in other sectors. Traders remain worried about China’s economy and its performance in the long run as the trade war continues. The prolonged dispute between the US and China have dented the demand growth of one of the largest …
Oil Prices Fall Against Weak Chinese Data | Wibest Read More »
The British tanker ship finally left Iran after suffering from capture two months ago. The tanker ship flagged Stena Impero sailed away from Iran’s Bandar Abbas port on Friday. The departure of the Stena Impero from the Iranian port was confirmed by a local Iranian shipping organization on Friday. According to reports, the British tanker …
Petroleum and oil prices went up in sessions after the United States announces new sanctions for Chinese firms. The US imposed new sanctions on Chinese companies for engaging and transacting with Iran. According to reports, Washington claimed that the firms violated the White House’s curbs on Tehran. In a press release, the US Secretary …
Petroleum and Oil Prices Rise After New US Sanctions Read More »
Stock exchanges gained on trade optimism yesterday as Washington confirmed trade talks next month. This comes after Chinese delegates cancelled a visit to US farms last week. The event previously raised concerns over the progress in the talks. Treasury Secretary Steven Mnuchin said that he would meet Chinese Vice Premier Liu He. US Trade …
Stock Exchanges Gain on Trade Optimism | WibestBroker Read More »
Officials from big oil and energy companies attended the Climate Week in New York City. The CEOs of the big oil and petroleum companies have expressed their support to the cause. Oil prices continued to go down in trading sessions following the news about the NYC Climate week. The West Texas Intermediate or WTI …
Climate Week in NYC Warns About the Energy Sector Read More »
The central bank of the United Arab Emirates published a report pm Sunday. This report helps to evaluate the overall situation of the local economy. It is worth mentioning that the UAE has one of the most developed economies in the region. Another interesting fact is that its economy is second-largest after Saudi Arabia when …
Oil and petroleum prices contract after the news about the recovery of the Saudi Aramco revived demand concerns. Both WTI crude oil and Brent oil prices dived in Monday’s trading sessions. The benchmark Brent oil futures declined by 0.61% or 0.39 points in trading sessions. Brent oil barrels currently trade around $63.39 against its close …
WTI Crude Falls from Reports of Aramco’s Recovery Read More »
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