The Kingdom of Saudi Arabia and Russia have all divided overviews on production strategy ahead of the upcoming OPEC+ meeting. Saudi Arabia sees a preference for keeping production steady, but Russia wants to increase supplies, Bloomberg reported. OPEC+, which includes members of the Organization of the Petroleum Exporting Countries (OPEC) …
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Japanese stocks jumped, ending a three-day losing streak, as optimism about the economy’s recovery from the pandemic prompted new purchases of materials companies, those related to travel, and cheap ones linked to the economic cycle. The benchmark Nikkei index rose 0.46% to 30,156.03 points, while the broader Topix index gained …
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Bitcoin extended its gains Sunday, February 21st, jumping to a new peak as it continued its rally for two months, raising its market value to more than $ 1 trillion on Friday. The world’s most popular cryptocurrency jumped to a new record high of $58,354, with weekly gains of about …
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Weekly Recap: February 15-19, 2021 Global markets continued to be dominated by reflation expectations last week. In addition, various economic data and indicators reflected variably on the outlook for economic growth and recovery from the impact of the Coronavirus pandemic. Expectations for a rise in inflation in the United States …
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The President of the Federal Reserve Bank of New York, John Williams, said on Friday that economic recovery and low interest rates are providing background for the recent surges in the stock market and other investment assets. “Market participants and investors around the world are looking ahead through this year …
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The main indices of the New York Stock Exchange (NYSE) closed mostly unchanged on Friday to finish the week in losses, with the exception of the Dow that recorded small gains. The Dow Jones Industrial Average closed unchanged, after rising marginally by 0.98 point, to end the week at 31,494.32 …
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Bitcoin rose on Friday, extending its recent rally of new surges to unprecedented record high levels. The biggest cryptocurrency rose by 6.78% over the next 24 hours to $55,584.60. The digital currency has extended its gains over the past seven days to around 17.20%. In addition, Bitcoin reassured its position …
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Oil prices declined on Friday, amid expectations that major crude producers forming the OPEC+ alliance could decide to raise output next month. The fall in oil prices comes despite the continuity of cold weather conditions, due to a strong winter storm that led to the shutdown of major oil facilities, …
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Gold prices rose on Friday for the second consecutive session, narrowing their weekly losses that remained the biggest since the first week of the year. A decline by the U.S. Dollar (USD) across the board against major international currencies helped the rise of the yellow metal, which still scored weekly …
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The number of active oil rigs in the United States declined this week, seeing their first weekly decrease since November 2020, according to data by Baker Hughes. Oil rigs in the U.S. decreased by one to a total of 305 this week, while rigs drilling for natural gas increased by …
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