Mon, August 15, 2022

Trade War

Petroleum Products: Offshore the night Industry oil and gas production petroleum pipeline.

Petroleum Products Price Upsurges as Economic Fears Eases

On Wednesday, petroleum products prices inched up. It is with U.S. crude advancing 1.3% after an industry report showed stockpiles in the United States. This is the world’s biggest oil user that dropped more than expected, easing fears about economic growth due to the China-U.S. trade conflict. Brent crude futures mounted 59 cents, or 1.0%, …

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Petroleum Products: Oil and gas refinery tower in silhouette image on sunset sky background.

Petroleum Products Downtrends Ahead of Crude Inventories

On Tuesday, petroleum products’ prices curved in slightly. It was after the prior surge, as the pause of news on the U.S.-China trade front kept big moves in check. Meanwhile, markets also prepared for weekly data on U.S. crude inventories. New York-traded West Texas Intermediate crude futures plunged 9 cents, or 0.2%, to $56.05 a barrel. Brent crude futures, …

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Wibest – Yen: Japanese yen bills and coins

Yen Trades in Positive Territories Yesterday

Japan’s currency receives much attention from traders as the possibility of a global recession looms. The Japanese yen gained strength as traders focus on safe haven assets. The recent news about the United States Treasury yields bolstered the yen in past trading sessions. Analysts are blaming the prolonged trade war between US and China for …

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japan stock, Trade deal between the U.S. and Japan

Japanese and South Korean Officials Set to Meet this Week

The Japanese and South Korean vice foreign ministers are expected to meet on August 16-17 in Guam. The meeting comes at a crucial time as the conflict between the two giant Asian economies continues to escalate. Local Japanese media reported the news on Wednesday. However, the report cited unidentified sources for the meeting of Japanese …

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Petroleum Products: Oil refinery industry.

Petroleum Price Plunges Over A Weakening Global Economy

On Tuesday, petroleum products prices traded lower. It was after concerns over a weakening global economy offset expectation that OPEC would be able to cut supply enough to support prices. New York-traded West Texas Intermediate crude futures declined 45 cents, or 0.8%, to $54.48 a barrel. Meanwhile Brent crude futures, the benchmark for petroleum products prices outside the …

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Petroleum Products: Natural gas tank in the petrochemical industry

Petroleum Products Plunge, Gold Prices Move amid Global Growth Prospects

On Monday, petroleum products prices edged lower amid doubts about an economic slowdown and the Sino-U.S. trade war. The conflict have led in a cut in the growth prospects for global oil demand. International benchmark Brent crude futures were at $58.40 a barrel down 13 cents, or 0.2%, from their previous settlement on the global trading. U.S. …

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China

Chinese Producer Prices Drop Against US-Sino Conflict

The National Bureau of Statistics released a report last Friday showing the faltering Chinese producer price index (or PPI). The data showed a measurement of costs for goods declining 0.3% year on year in July. The heightening trade dispute between the United States and China have pushed manufacturers to sell their goods at a lower …

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Pound sterling coin and euro coin.

Pound to Euro Exchange Rate Regains in the Forex Market

Earlier, in the forex markets, the pound-to-euro (GBP/EUR) currency pair exchange rate recovered slightly from the losses it has recorded, despite the firm German data going above expectations. The euro (EUR) was unable to have firm highs versus the sterling (GBP) amid trade war fears. Meanwhile, the GBP/EUR currency pair plunged from 1.1121 to 1.0946 …

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Forex Markets: New one pound sterling coin and euro exchange rate.

Pound to Euro Exchange Rate Regains in the Forex Markets

This morning in the forex markets, despite the firm German data above expectations, the pound-to-euro (GBP/EUR) currency pair exchange rate recovered slightly from the losses it recorded the previous day. Meanwhile, the euro (EUR) was incapable of holding its highs versus the sterling (GBP) amid trade war fears. Last week’s GBP/EUR currency pair plunged from …

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