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Oil, Crude, trading

Mixed trades dominated gold prices, but trading tended to be positive, heading to touch the first target expected to be achieved during the previous analysis, located at the price of 1867, its highest level during the morning trading of the current session 1868. On the technical side, we find gold …

After several sessions in a row, we waited to confirm the breach of the resistance level at 1.2175, explaining that the breach of it is a catalyst that strengthens the chances of the upside to visit the awaited target of 1.2225, to record the euro at its highest level during …

The United States Federal Reserve vowed in its last policy statement of 2020 to support the economy until it recovers from the Coronavirus crisis. The Fed is set to continue to buy at least $120 billion of bonds each month until substantial further progress has been made toward the Committee’s …

Oil prices closed higher on Wednesday, amid hopes for a new stimulus package in the United States, and after a decline in US crude inventories last week. Crude prices maintained their best levels since early March, as the global benchmark, Brent crude futures for February delivery gained 32 cents, or …

Gold prices rose on Wednesday, amid anticipation for a new stimulus package in the United States. The yellow metal futures for February delivery rose by $3.80, or 0.2%, to close at $1,859.10 per ounce. This is the highest closing level for gold futures since December 8.

The United States Federal Reserve has decided as expected to maintain interest rates near 0% during its two-day meeting that concluded on Wednesday. The Fed policy statement noted that policymakers are committed to maintaining asset purchases at at least $120 billion per month.

Crude oil inventories in the United States decreased by 3.1 million barrels last week to stand at 500 million barrels, according to the weekly report by the U.S. Energy Information Administration (EIA) released on Wednesday. Meanwhile, gasoline stockpiles rose by 1 million barrels to 238.9 million barrels and distillate stockpiles …

Business inventories in the United States grew during October by 0.7%, after rising by 0.8% in September, data by the US Department of Commerce showed on Wednesday. On an annual basis, inventories declined by 4% compared with their level in October 2019. Retail inventories increased by 0.9% in October, up …

Bitcoin exceeded the $20,000 price tag for the first time in history earlier today, marking a new milestone for the world’s largest cryptocurrency. Bitcoin is trading higher for the day by around 6.6% at $20,653.75. The biggest digital currency has seen gains of around 12.4% over the next seven days.