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 …
Oil and Petroleum Futures Sees Gains, Market Stays Calm Read More »
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 …
Spot Gold Prices Rally Ahead of the Holidays | Wibest Read More »
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. …
Trade War Progress Helps Keep Oil Petroleum Prices Steady Read More »
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 …
Inventories Dip, Oil and Petroleum Prices Steady | Wibest Read More »
Oil petroleum prices halt their upward momentum this Wednesday thanks to the rising US crude stockpiles. But despite today’s contraction, futures are still expected to continue climbing in coming sessions thanks to strong US economic reports. Aside from those fundamentals, prices are also still affected by the ongoing US-China ceasefire. Traders are moving cautiously due …
Stockpiles Rise, Oil Petroleum Pauses Rally | Wibest Read More »
Without further details or follow-ups on the US-China trade war, oil and petroleum prices decline this Monday. Prices stopped rallying after. Looking at it, the somewhat ceasefire between the feuding giants is what the American economy needs. However, it wasn’t enough to keep prices rallying as traders seek further clarity on the agreement. WTI crude …
Oil and Petroleum Prices Slip on Absent Agreement Details Read More »
Oil petroleum traders rejoice as prices rally after Trump agrees to a partial trade deal with Beijing. Bulls advance this Friday, pushing prices to ranges last seen in September. The WTI crude oil contract surged 0.52% or 0.31 points in trading sessions. Prices go forth from their previous close of $59.18 to $59.49. WTI crude …
Trump Agrees to Deal, High Hopes for Oil Petroleum Read More »
Thanks to OPEC’s revised growth forecasts for demand growth, oil and petroleum prices surge this Thursday. Earlier today, the Organization of Petroleum Exporting Countries revised next year’s deficit forecast. Oil bulls took bloc’s announcement as an opening to drive futures higher this trading session. Well, since December 5, oil and petroleum prices have fluctuated from …
Oil and Petroleum Prices Rise from Revised Forecasts Read More »
The Bering Sea, where the largest fish from the United States hail, is in danger. Climate change, a major problem faced by the world, bigger than Trump’s trade war, is stirring problems in US fisheries. Soon, the prices of fish from the area such as Pacific cod and halibut may be affected greatly. Yesterday, scientists …
Climate Change Stirs Fisheries in The US | Wibest Broker Read More »
People interested in commodity trading should learn more about the major commodities. It is important to have at least a general understanding of main commodities such as gold, silver natural gas, etc. As a reminder, a commodity is a raw material or agricultural products in commerce that is interchangeable with other commodities. Generally, commodities are …
Last week during the OPEC meeting in Vienna, Riyadh’s Energy Minister defended the shale production in the United States. Prince Abdulaziz bin Salman brushed off any rivalry between the US and Saudi Arabia and other established producers. The Saudi Arabian prince and official spoke to the press following the announcement of OPEC’s decision on Friday. …
Saudi Arabia Defends Shale Production in the United States Read More »
As OPEC and Saudi Aramco news dominate the headlines, oil and petroleum prices slip for the second day despite cuts. The meeting of the 14-member bloc and its allies is not over, and despite increasing cuts, bulls could not benefit. West Texas Intermediate futures dropped 0.22% or 0.13 points this Friday’s trading sessions. As of …
Oil and Petroleum Prices Fall Despite OPEC Cuts | Wibest Read More »
Oil petroleum futures finally hit a block in their upward run. But prices start to contract this Thursday. Traders are cautiously and patiently waiting for news about OPEC’s decision, which is set to be finalized tomorrow. West Texas Intermediate futures, or WTI crude oil, contracted by 0.48% or 0.28 points this Thursday. WTI crude oil …
Oil Petroleum Prices Drop, OPEC In Focus | Wibest Read More »
Commodities jump higher this Wednesday, extending their gains against trade war tensions, the oil inventory report, and OPEC news. Petroleum and oil prices benefit from expectations for an extended deeper cut in tomorrow’s OPEC meeting. The WTI oil contract jumped 0.64% or 0.36 points in today’s trading sessions. WTI crude barrel prices leaped from its …
Petroleum and Oil Futures Extend Gains, Gold Also Jumps Read More »
The Organization of the Petroleum Exporting Countries or OPEC is one of the most famous organizations in the world. Currently, it consists of 14 of the major oil-exporting countries. It is a permanent intergovernmental organization created by five founding members in 1960. Iran, Venezuela, Iraq, Kuwait, and Saudi Arabia are the countries that created OPEC …
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