On Wednesday, in Asia amid global trade worries, gold prices increased. The Comex division of the New York Mercantile Exchange traded gold futures for August delivery at $1,429.75 a troy ounce, up 1.5%. Agreement on resuming trade talks were done by U.S. President Donald Trump and Chinese leader Xi Jinping. Even after White House trade …
Here are the latest market charts and analysis for today. Check them out and know what’s happening in the market today. AUDCHF The Australian dollar is showing broadened weakness against various currencies, including the Swiss franc. The AUDCHF pair is trading on lower lows, well below the 50- and 200-day moving averages that it recently …
Here are the latest market charts and analysis for today. Check them out and know what’s happening in the market today. USDSEK The USDSEK pair is moving in a tight range right now, with the 50-day moving average still higher than the 200-day moving average. The USD is subdued in the day and still carrying …
Oil Inventory Report: Price decline on trade battle despite the sudden fall in US crude inventories. Click here now! – Wibest Broker
OIL INVENTORY REPORT – On Tuesday, oil prices trimmed down their gains after global measures of Brent crude strengthened above $73 a barrel. Meanwhile, doubts rose as Venezuelan President Nicolas Maduro wants uprising on possibilities of hitting the country’s crude exports as the market grew less. As military backing were called by Venezuelan opposition leader …
OIL INVENTORY REPORT – After the Energy Information Administration reported the first reduction in crude stocks in four weeks, oil trading weakened. On the last trade session of the US Crude Oil WTI Futures it traded at $63.80. Meanwhile, Brent Oil futures were at $71.61 untouched. Higher than the previous 1.2 million-barrel drop of crude …
OIL INVENTORY REPORT – Brent slipped further away from the $70 mark after topping that level during the previous session, while West Texas Intermediate (WTI) crude was also slumped, dragged down by concerns over trade negotiations. Brent crude futures for front-month delivery lost 26 cents, or 0.5 percent, hitting $69.4 per barrel. Last session, it …
Oil Inventory Report: Oil Slips, Headed for Gains this Week Read More »
BRENT – Brent crude futures slipped on Tuesday as the markets prepared for low demand growth for fuel, with the OPEC-led cuts on production still managing to buoy the market. Brent crude futures traded at $65.36 per barrel in the session, 0.5 percent down from the last session, losing 31 cents. Meanwhile, Us West Texas …
Brent: Oil Prices Slump on Lackluster Demand Outlook Read More »
Due to concerns over the apparent economic slowdown, and in spite of the supply cuts by oil cartel OPEC and US sanctions toward Venezuela, oil markets plummeted on Friday. US West Texas Intermediate (WTI) crude futures stood at $52.20 per barrel. This was 44 cents lower than the previous close, or 0.8 percent. Last session, …
Oil Prices Slump of Economic and Political Risks Read More »
Oil prices were steady on Monday in Asia after official data showed Chinese economic slowdown was in line with expectations and not as sharp as some analysts had feared. China’s economy expanded 6.4 percent during the fourth quarter of 2018 from a year earlier, as expected, official data from the National Bureau of Statistics showed …
Oil Prices Firm after Massive Increase Last Friday Read More »
Oil prices increased around 1.5 percent on Monday, pushed up by optimism that talks in Beijing can resolve a trade war between the United States and China, while supply cuts by major producers also supported crude. Read ,more here!
Oil priced inched up on Friday, shaking off previous losses after China said it would hold talks with the US government on January 7 to 8 to look for solutions to the trade disputes between the world’s two biggest economic powerhouses. Read more here!
Oil markets slipped by around 1 percent in 2019’s first trading day on Wednesday, dragged down by surging US output and worries about an economic slowdown in 2019 as factory activity in China, the world’s biggest oil importer, contracted. Read here!
Rising protectionism as well as trade wars and the unpredictable nature of the current US administration have greatly contributed to global oil price volatility over the past couple of years, Russian Energy Minister Alexander Novak said. Read more here!
On Wednesday, oil steadied following its biggest declines for years. However, it stayed under pressure from concerns such as oversupply and slowdown in the global economy, weakening the demand for fuel. As of 0840 GMT, there was a 30-cent increase in the Benchmark Brent crude oil at $56.56 a barrel. This followed after it made …
Oil Stable on Sell-off, Stays under Pressure from Oversupply Read More »
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