Mon, October 03, 2022

Petroleum trading

Putin Mobilizes More Soldiers, Oil Prices Surge

Oil prices rose more than 2 percent on Wednesday after Russian President Vladimir Putin announced a partial military mobilization that escalated Ukraine’s civil war and raised concerns about falling oil and gas supplies. After losing $1.38 the day before, Brent oil futures increased $2.28, or 2.5%, to $92.90 a barrel at 0707 GMT. U.S. West …

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Weekly Overview: Forex, Stocks, Crypto, Commodities

Weekly Overview: Forex, Stocks, Crypto, Commodities Jul 1

Global markets still struggle to regain their values. How have Forex, Stocks, Crypto, and Commodities performed this week? Our weekly overview will outline the markets’ weekly performance to help you determine future trends. Forex Weekly Overview The dollar was little changed against major currencies on Friday. Still, it was on track for its best performance …

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Baht

Asia’s Exchange Markets on a Rise, Thai Baht Leads The Way

The Thai baht and Malaysian ringgit led advances among developing Asian currencies on Thursday, as the dollar fell after the US Federal Reserve hiked rates by an expected 50 basis points but lowered its rate-hike forecast. The baht (THB=TH) rose 0.9 percent to its highest level since October 2021, followed by the ringgit (USDMYR) and …

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Oil

Oil leaps as EU confirm ban on Russian crude

On Wednesday, oil prices ticked higher as the European Union, the world’s largest trading bloc, stated plans to phase out imports of Russian crude. Brent oil futures increased 3.57% or 3.77 points to $108.75 per barrel. The international benchmark completely reversed a downturn of 1.58% to $105.88 per barrel yesterday. US West Texas Intermediate added …

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